How To Fix /PF1/MSG_PO_GENERAL074 - BIC code (SWIFT address) invalid

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_PO_GENERAL -

• Message number: 074

• Message text: BIC code (SWIFT address) 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_PO_GENERAL074 - BIC code (SWIFT address) invalid ?

  The SAP error message /PF1/MSG_PO_GENERAL074 with the BIC code (SWIFT address) invalid typically indicates that there is an issue with the Bank Identifier Code (BIC) or SWIFT code entered in the system. This error can occur in various contexts, such as during the processing of purchase orders, vendor master data, or payment transactions.
  Cause:
  
  Invalid BIC/SWIFT Code: The BIC code entered does not conform to the standard format or is not recognized as valid.
  Missing BIC/SWIFT Code: The BIC code may not have been entered for the vendor or bank account.
  Incorrect Vendor Data: The vendor master data may be incomplete or incorrect, leading to the error.
  Data Entry Errors: Typographical errors or incorrect formatting when entering the BIC code.
  
  Solution:
  
  Verify BIC/SWIFT Code: Check the BIC code for accuracy. Ensure that it is correctly formatted (typically 8 or 11 characters) and corresponds to the correct financial institution.
  Update Vendor Master Data: If the BIC code is missing or incorrect, update the vendor master data with the correct BIC code. This can usually be done in the vendor master transaction (e.g., XK02 for changing vendor data).
  Consult with Financial Institutions: If you are unsure about the validity of a BIC code, consult with the relevant bank or financial institution to confirm the correct code.
  Check for System Updates: Ensure that your SAP system is up to date, as updates may include changes to valid BIC codes or related functionality.
  Test with a Known Valid BIC: If possible, test the transaction with a known valid BIC code to see if the error persists.
  
  Related Information:
  
  BIC Code Format: The BIC code consists of 8 or 11 characters, where the first 4 characters represent the bank code, the next 2 characters represent the country code, the next 2 characters represent the location code, and the last 3 characters (optional) represent the branch code.
  SAP Documentation: Refer to SAP Help documentation for more details on handling vendor data and payment processing.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as XK01 (Create Vendor), XK02 (Change Vendor), and FK01 (Create Vendor for Accounting) for managing vendor data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.