How To Fix /PF1/MSG_RP098 - Specified BIC for clearing partner account is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_RP -

• Message number: 098

• Message text: Specified BIC for clearing partner account is not valid

Self-Explanatory Message

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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_RP098 - Specified BIC for clearing partner account is not valid ?

  The SAP error message /PF1/MSG_RP098 indicates that the specified Business Identifier Code (BIC) for a clearing partner account is not valid. This error typically arises in the context of financial transactions, particularly when dealing with bank accounts and payment processing.
  Cause:
  
  Invalid BIC: The BIC entered for the clearing partner account does not exist in the system or is incorrectly formatted.
  Missing Configuration: The BIC may not be configured in the relevant master data (e.g., bank master data).
  Inactive Bank: The bank associated with the BIC may be inactive or not properly set up in the system.
  Data Entry Error: There may be a typographical error in the BIC code entered by the user.
  
  Solution:
  
  Verify BIC: Check the BIC code entered for accuracy. Ensure that it follows the correct format (typically 8 or 11 characters).
  Check Bank Master Data: Go to the bank master data in SAP and verify that the BIC is correctly configured. You can do this by navigating to:
  
  Transaction code: FI01 (Create Bank Master Data) or FI02 (Change Bank Master Data).
  Ensure that the BIC is listed and correctly associated with the bank account.
  
  
  Activate Bank: If the bank is inactive, you may need to activate it or ensure that it is properly set up in the system.
  Consult Documentation: Refer to your organization's documentation or SAP notes for any specific configurations or requirements related to BICs and clearing partner accounts.
  Contact Support: If the issue persists after verifying the above steps, consider reaching out to your SAP support team or consulting SAP's support portal for further assistance.
  
  Related Information:
  
  BIC Codes: BICs are used internationally to identify banks and financial institutions. They are essential for processing international payments.
  SAP Financial Modules: This error is often encountered in modules related to Financial Accounting (FI) and Treasury Management (TR).
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing bank master data, such as FI01, FI02, and FI03 (Display Bank Master Data).
  
  By following these steps, you should be able to resolve the error and ensure that the BIC for the clearing partner account is valid and correctly configured in your SAP system.