How To Fix FVD_SEPA017 - No SWIFT code is entered for bank &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_SEPA - Message Class for SEPA Developments in CML

• Message number: 017

• Message text: No SWIFT code is entered for bank &1 &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_SEPA017 - No SWIFT code is entered for bank &1 &2 ?

  The SAP error message FVD_SEPA017 indicates that there is no SWIFT code entered for a specific bank in the system. This error typically arises in the context of financial transactions, especially when dealing with international payments or SEPA (Single Euro Payments Area) transactions, where a SWIFT/BIC code is required for processing.
  Cause:
  
  Missing SWIFT Code: The primary cause of this error is that the bank master data does not contain a SWIFT code for the specified bank.
  Incorrect Bank Configuration: The bank might not be properly configured in the SAP system, leading to missing or incorrect details.
  Data Entry Error: There may have been an oversight during data entry, resulting in the omission of the SWIFT code.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Bank Master Data:
  
  Navigate to the bank master data in SAP (Transaction Code: FI01 for creating a bank, FI02 for changing a bank, or FI03 for displaying a bank).
  Verify if the SWIFT code is entered for the relevant bank. If it is missing, you will need to add it.
  
  
  
  Enter SWIFT Code:
  
  If the SWIFT code is not present, enter the correct SWIFT code for the bank. Ensure that the code is accurate and corresponds to the bank's official SWIFT/BIC code.
  
  
  
  Save Changes: After entering the SWIFT code, save the changes to the bank master data.
  
  
  Test the Transaction Again: After updating the bank details, try to execute the transaction that caused the error again to see if the issue is resolved.
  
  
  Related Information:
  
  SWIFT Code: A SWIFT code (or BIC - Bank Identifier Code) is an international standard for identifying banks and financial institutions. It is essential for international wire transfers and transactions.
  Bank Master Data: In SAP, bank master data includes all relevant information about a bank, such as its name, address, account details, and SWIFT code.
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing bank data in SAP, such as FI01, FI02, and FI03.
  Documentation: Refer to SAP documentation or your organization's SAP support team for specific guidelines on managing bank master data and handling errors.
  
  By following these steps, you should be able to resolve the FVD_SEPA017 error and ensure that your bank details are correctly configured for processing transactions.