How To Fix IAC554 - Your new bank details are invalid

IAC554 - Overview

• Message type: E = Error

• Message class: IAC - Internet Application Components

• Message number: 554

• Message text: Your new bank details are invalid

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IAC554 - Your new bank details are invalid ?

  The SAP error message IAC554, "Your new bank details are invalid," typically occurs when there is an issue with the bank details entered in the system. This error can arise in various contexts, such as when updating vendor or customer bank information.
  Causes:
  
  Incorrect Bank Account Number: The bank account number may not conform to the required format or may contain invalid characters.
  Invalid Bank Key: The bank key (or bank identifier) may be incorrect or not recognized by the system.
  Missing Required Fields: Certain mandatory fields related to bank details may not have been filled out.
  Bank Country Configuration: The bank details may not be valid for the specified country, or the country-specific settings may not be configured correctly in SAP.
  Inactive or Non-Existent Bank: The bank you are trying to enter may not be active or may not exist in the system.
  Validation Rules: There may be specific validation rules set up in the system