How To Fix FVD_ESCROW068 - Payment method is not possible with the bank details (interest payment)

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_ESCROW - Message Class ESCROW

• Message number: 068

• Message text: Payment method is not possible with the bank details (interest payment)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_ESCROW068 - Payment method is not possible with the bank details (interest payment) ?

  The SAP error message FVD_ESCROW068 indicates that the payment method you are trying to use is not compatible with the bank details provided for an interest payment. This error typically arises in the context of financial transactions, particularly when dealing with escrow accounts or interest payments.
  Cause:
  
  Incompatible Payment Method: The payment method selected (e.g., check, wire transfer, etc.) may not be allowed for the specific bank details associated with the transaction.
  Bank Details Configuration: The bank details may not be set up correctly in the system, or they may not support the selected payment method.
  Payment Method Settings: The payment method may not be configured to handle interest payments in the system settings.
  Missing or Incorrect Bank Information: There may be missing or incorrect information in the bank details, such as account number, bank key, or other relevant fields.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1).
  Ensure that the payment method you are using is allowed for the type of transaction you are processing (interest payment).
  
  
  
  Review Bank Details:
  
  Verify the bank details associated with the vendor or customer account (Transaction code: FK03 for vendor or FD03 for customer).
  Ensure that the bank account is active and correctly configured.
  
  
  
  Adjust Payment Method for Interest Payments:
  
  If the payment method is not set up for interest payments, you may need to create or modify the payment method settings to allow for this type of transaction.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the correct payment method or bank details, consult with your finance or treasury team to ensure compliance with internal policies and procedures.
  
  
  
  Test with Different Payment Method:
  
  If possible, try using a different payment method that is known to work with the bank details provided.
  
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on configuring payment methods and bank details.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBPM1: Payment method configuration
  FK03/FD03: Display vendor/customer master data
  F110: Automatic payment transactions
  
  
  User Exits and BAdIs: If custom logic is involved, check for any user exits or BAdIs that might affect payment processing.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.