How To Fix /PF1/PE_PP012 - IBAN or bank key/country/account not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/PE_PP -

• Message number: 012

• Message text: IBAN or bank key/country/account not correct

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/PE_PP012 - IBAN or bank key/country/account not correct ?

  The SAP error message /PF1/PE_PP012 indicates that there is an issue with the IBAN (International Bank Account Number), bank key, country, or account number in the system. This error typically arises during processes that involve financial transactions, such as payment processing or bank account maintenance.
  Causes:
  
  Incorrect IBAN Format: The IBAN may not conform to the expected format for the specified country.
  Invalid Bank Key: The bank key provided may not be valid or may not correspond to the specified bank.
  Country Mismatch: The country code associated with the bank key or IBAN may not match the country of the account.
  Account Number Issues: The account number may be incorrect or not properly linked to the bank key.
  Configuration Issues: There may be configuration issues in the SAP system regarding bank master data or payment methods.
  
  Solutions:
  
  Verify IBAN: Check the IBAN for correctness. Ensure it follows the proper format and includes the correct country code.
  Check Bank Key: Ensure that the bank key is valid and corresponds to the correct bank. You can verify this in the SAP system under the bank master data.
  Country Code Validation: Ensure that the country code associated with the bank key matches the country of the IBAN.
  Review Account Number: Double-check the account number for accuracy and ensure it is linked to the correct bank key.
  Update Configuration: If there are configuration issues, consult with your SAP administrator to ensure that the bank master data and payment methods are correctly set up.
  Use SAP Transaction Codes: Use transaction codes like FI01 (Create Bank) or FI02 (Change Bank) to review and update bank details.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for guidelines on managing bank master data and payment processing.
  Testing: After making corrections, perform a test transaction to ensure that the issue is resolved.
  
  If the problem persists after checking these areas, it may be beneficial to consult with your SAP support team or a technical consultant for further investigation.