How To Fix PM004 - Compare swift-code act. house bank &1 with corresponding bank &2

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 004

• Message text: Compare swift-code act. house bank &1 with corresponding bank &2

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 PM004 - Compare swift-code act. house bank &1 with corresponding bank &2 ?

  The SAP error message PM004 indicates a mismatch between the SWIFT codes of two bank accounts in the system. Specifically, it suggests that the SWIFT code for the house bank (bank &1) does not match the corresponding bank (bank &2). This error typically arises during financial transactions or when processing payments.
  Cause:
  
  Incorrect Configuration: The SWIFT code for the house bank or the corresponding bank may have been entered incorrectly in the system.
  Data Inconsistency: There may be inconsistencies in the bank master data, where the SWIFT codes do not align with the expected values.
  Bank Relationship Changes: Changes in banking relationships or updates to bank details that have not been reflected in the SAP system.
  
  Solution:
  
  
  Verify SWIFT Codes: Check the SWIFT codes for both the house bank and the corresponding bank in the SAP system. Ensure that they are correctly entered and match the official codes provided by the banks.
  
  Navigate to the house bank configuration in SAP (Transaction Code: FI12) and verify the SWIFT code.
  Check the corresponding bank details (Transaction Code: FI01 or FI02) to ensure the SWIFT code is correct.
  
  
  
  Update Bank Master Data: If discrepancies are found, update the bank master data with the correct SWIFT codes.
  
  Make sure to save the changes and test the transaction again.
  
  
  
  Consult with Banking Partner: If you are unsure about the correct SWIFT codes, consult with your banking partner to confirm the accurate codes.
  
  
  Check for Customizations: If your SAP system has customizations or enhancements, ensure that they are not affecting the bank data validation process.
  
  
  Testing: After making the necessary corrections, perform a test transaction to ensure that the error is resolved.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI12 (House Bank), FI01 (Create Bank), and FI02 (Change Bank) for managing bank details.
  Documentation: Refer to SAP documentation or help files for detailed instructions on managing bank master data and understanding SWIFT codes.
  Support: If the issue persists after verifying and updating the data, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  By following these steps, you should be able to resolve the PM004 error and ensure that your bank configurations are accurate.