How To Fix FZ020 - No bank has been chosen; use different payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 020

• Message text: No bank has been chosen; use different payment method

What causes this issue?

You have not chosen any of the bank details offered.

System Response

The payment method entered is rejected.

How to fix this error?

Choose another payment method or decide on one of the
customer's/vendor's bank details.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ020 - No bank has been chosen; use different payment method ?

  The SAP error message FZ020: "No bank has been chosen; use different payment method" typically occurs in the context of payment processing within the SAP system, particularly when dealing with payment runs or payment transactions. This error indicates that the system cannot find a valid bank account associated with the payment method you are trying to use.
  Causes:
  
  Missing Bank Details: The vendor or customer master record does not have any bank details maintained.
  Incorrect Payment Method: The payment method selected does not have a corresponding bank account assigned.
  Bank Account Not Active: The bank account associated with the payment method may be inactive or not properly configured.
  Configuration Issues: The payment method may not be correctly configured in the payment program settings.
  Company Code Issues: The bank account may not be assigned to the correct company code.
  
  Solutions:
  
  
  Check Vendor/Customer Master Data:
  
  Go to the vendor or customer master record and ensure that the bank details are correctly maintained.
  Use transaction codes like FK03 (for vendor) or FD03 (for customer) to view the master data.
  
  
  
  Verify Payment Method Configuration:
  
  Check the configuration of the payment method in the payment program settings (transaction code OBPM1).
  Ensure that the payment method is correctly linked to the bank account.
  
  
  
  Assign Bank Account:
  
  If the bank account is missing, you can add it by going to the vendor or customer master record and entering the bank details.
  Ensure that the bank account is active and properly configured.
  
  
  
  Check Company Code Assignment:
  
  Ensure that the bank account is assigned to the correct company code. You can check this in the bank account configuration (transaction code FI12).
  
  
  
  Use a Different Payment Method:
  
  If the current payment method is not suitable, consider using a different payment method that has a valid bank account associated with it.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FK03: Display Vendor
  FD03: Display Customer
  OBPM1: Payment Method Configuration
  FI12: Bank Master Data
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on maintaining vendor/customer bank details and configuring payment methods.
  User Roles: Ensure that you have the necessary authorizations to view and edit vendor/customer master data and payment configurations.
  
  By following these steps, you should be able to resolve the FZ020 error and successfully process your payments in SAP.