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