How To Fix /PF1/MSG_GATEWAY050 - Bank key or BIC is invalid; enter a valid value

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_GATEWAY -

• Message number: 050

• Message text: Bank key or BIC is invalid; enter a valid value

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 /PF1/MSG_GATEWAY050 - Bank key or BIC is invalid; enter a valid value ?

  The SAP error message /PF1/MSG_GATEWAY050 indicates that there is an issue with the bank key or Bank Identifier Code (BIC) that has been entered in the system. This error typically arises when the value provided does not match the expected format or does not exist in the system's database.
  Causes:
  
  Invalid Bank Key/BIC: The bank key or BIC entered may not be valid or may not exist in the SAP system.
  Incorrect Format: The format of the bank key or BIC may not conform to the required standards (e.g., length, character set).
  Data Entry Error: There may have been a typographical error when entering the bank key or BIC.
  Missing Master Data: The bank key or BIC may not be set up in the system's master data.
  Country-Specific Requirements: Different countries have specific requirements for bank keys and BICs, and the entered value may not meet these requirements.
  
  Solutions:
  
  Verify Input: Double-check the bank key or BIC for any typographical errors. Ensure that it is entered correctly.
  Check Format: Ensure that the bank key or BIC adheres to the required format. For example, BICs are typically 8 or 11 characters long and consist of letters and numbers.
  Consult Master Data: Check the master data in the SAP system to ensure that the bank key or BIC is correctly set up. You can do this by navigating to the relevant transaction (e.g., transaction code FI01 for creating a bank master record).
  Update Master Data: If the bank key or BIC is missing, you may need to create or update the bank master record in the system.
  Country-Specific Codes: If applicable, ensure that the bank key or BIC is valid for the specific country you are working with.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting the SAP Help Portal for further assistance.
  
  Related Information:
  
  Bank Master Data: In SAP, bank master data is crucial for processing payments and managing financial transactions. Ensure that all relevant bank details are correctly maintained.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01 (Create Bank Master Record), FI02 (Change Bank Master Record), and FI03 (Display Bank Master Record).
  Documentation: Refer to SAP documentation for guidelines on entering bank details and understanding the requirements for different countries.
  
  By following these steps, you should be able to identify and resolve the issue related to the /PF1/MSG_GATEWAY050 error message in SAP.