How To Fix /PF1/MSG_RP_E055 - Specified bank (bank country and bank key) does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_RP_E -

• 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_RP_E055 - Specified bank (bank country and bank key) does not exist ?

  The SAP error message /PF1/MSG_RP_E055 indicates that the specified bank (identified by the bank country and bank key) does not exist in the system. This error typically occurs when trying to process transactions that involve bank details, such as payment processing or vendor/customer master data maintenance.
  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.
  Bank Data Not Activated: The bank data may exist but is not activated or is marked for deletion.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings.
  
  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 through the relevant configuration path in the SAP menu.
  Ensure that you enter all required details, including the bank key, bank name, and country.
  
  
  
  Check Bank Data:
  
  Use transaction code FI02 (Change Bank) to check if the bank exists and is active.
  If the bank is marked for deletion, you may need to reactivate it.
  
  
  
  Review Configuration:
  
  Ensure that the bank is properly configured in the system. This includes checking the settings in the Financial Accounting (FI) module.
  You can also check the configuration settings in the IMG (Implementation Guide) under Financial Accounting > Bank Accounting > Master Data > Bank > Define Banks.
  
  
  
  Consult Documentation:
  
  If you are unsure about the process, refer to SAP documentation or consult with your SAP administrator for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FI01: Create Bank
  FI02: Change Bank
  FI03: Display Bank
  
  
  Bank Master Data: Ensure that the bank master data is maintained correctly for all relevant countries and keys.
  User Authorizations: Ensure that you have the necessary authorizations to create or modify bank master data in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or check SAP Notes for any known issues related to this error message.