How To Fix PM029 - Without bank chain no comparison pymnt crrncy &1 with currency bank chain

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 029

• Message text: Without bank chain no comparison pymnt crrncy &1 with currency bank chain

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PM029 - Without bank chain no comparison pymnt crrncy &1 with currency bank chain ?

  The SAP error message PM029, which states "Without bank chain no comparison payment currency &1 with currency bank chain," typically occurs in the context of payment processing in SAP, particularly when dealing with bank chains and currency settings.
  Cause:
  This error usually arises when there is a mismatch or absence of a defined bank chain for the payment method being used. Specifically, it indicates that the system is unable to compare the payment currency with the currency defined in the bank chain because no bank chain has been specified for the payment method. This can happen due to:
  
  Missing Bank Chain Configuration: The bank chain for the payment method is not set up in the system.
  Currency Mismatch: The payment currency does not match the currency defined in the bank chain.
  Incorrect Payment Method: The payment method being used does not have a corresponding bank chain defined.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Bank Chain Configuration:
  
  Go to the configuration settings for the payment method in SAP.
  Ensure that a bank chain is defined for the payment method you are using.
  You can check this in the transaction code OBPM1 (for payment methods) or FBZP (for payment program configuration).
  
  
  
  Define or Update Bank Chain:
  
  If a bank chain is not defined, create one by specifying the necessary details, including the payment currency and the bank account information.
  Ensure that the currency in the bank chain matches the payment currency you are trying to use.
  
  
  
  Review Payment Method Settings:
  
  Ensure that the payment method is correctly configured to use the appropriate bank chain.
  Check if the payment method is active and correctly assigned to the relevant company codes.
  
  
  
  Test the Payment Process:
  
  After making the necessary changes, test the payment process again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBPM1: Configuration for payment methods.
  FBZP: Configuration for payment program settings.
  F110: Transaction for executing the payment run.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring payment methods and bank chains.
  
  
  Support: If the issue persists after checking the configurations, 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 PM029 error and successfully process payments in SAP.