How To Fix PM016 - Compare payment currency &1 with currencies of banks in bank chain

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 016

• Message text: Compare payment currency &1 with currencies of banks in bank chain

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 PM016 - Compare payment currency &1 with currencies of banks in bank chain ?

  The SAP error message PM016, which states "Compare payment currency &1 with currencies of banks in bank chain," typically occurs in the context of payment processing within the SAP system. This error indicates that there is a mismatch between the payment currency specified in the payment document and the currencies of the banks involved in the payment chain.
  
  Cause:
  
  Currency Mismatch: The payment currency (e.g., USD, EUR) does not match the currency of the bank accounts involved in the payment process. For example, if the payment is in USD but the bank account is set up to handle only EUR, this error will occur.
  Bank Chain Configuration: The bank chain may not be configured correctly, meaning that the banks in the chain do not support the currency of the payment.
  Payment Method Settings: The payment method used may not be compatible with the currency of the payment or the bank accounts.
  
  
  Solution:
  
  Check Payment Currency: Verify