How To Fix /PF1/MSG_RP055 - Specified bank (bank country and bank key) does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_RP -

• Message number: 055

• Message text: Specified bank (bank country and bank key) does not exist

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_RP055 - Specified bank (bank country and bank key) does not exist ?

  The SAP error message /PF1/MSG_RP055 indicates that the specified bank (identified by the bank country and bank key) does not exist in the system. This error typically occurs during processes that involve bank details, such as payment processing, vendor master data maintenance, or when trying to create or modify bank-related information.
  Cause:
  
  Incorrect Bank Key or Country: The bank key or country code entered may be incorrect or misspelled.
  Bank Not Created: The bank has not been created in the SAP system. This could happen if the bank was never set up or if it was deleted.
  Data Inconsistency: There may be inconsistencies in the data, such as missing entries in the bank master data.
  Authorization Issues: The user may not have the necessary authorizations to view or access the bank data.
  
  Solution:
  
  
  Verify Bank Key and Country:
  
  Check the bank key and country code for accuracy. Ensure that they match the expected values.
  
  
  
  Create the Bank:
  
  If the bank does not exist, you can create it using the transaction code FI01 (Create Bank) or FI02 (Change Bank) in the SAP system. Ensure that you have the necessary permissions to create bank master data.
  
  
  
  Check Bank Master Data:
  
  Use transaction code FI03 (Display Bank) to check if the bank exists in the system. If it does not, you will need to create it.
  
  
  
  Review Configuration:
  
  Ensure that the bank is properly configured in the system. This includes checking the country-specific settings and ensuring that the bank key is valid for the specified country.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access and manage bank data. If not, contact your SAP security administrator to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on managing bank master data.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FI01: Create Bank
  FI02: Change Bank
  FI03: Display Bank
  
  
  Bank Master Data: This is crucial for financial transactions, and maintaining accurate bank information is essential for smooth operations.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to bank master data or this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP's support portal for further assistance.