How To Fix PZ711 - Bank-to-bank transfers possible only with account type "S"

SAP Error Message - Details

• Message type: E = Error

• Message class: PZ - Messages: Payment program for payment requests

• Message number: 711

• Message text: Bank-to-bank transfers possible only with account type "S"

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PZ711 - Bank-to-bank transfers possible only with account type "S" ?

  The SAP error message PZ711 indicates that a bank-to-bank transfer is only possible with an account type "S" (which typically stands for "Savings" account). This error usually arises when attempting to perform a bank transfer using an account type that is not supported for this type of transaction.
  Cause:
  The primary cause of this error is that the account type associated with the bank account you are trying to use for the transfer is not set to "S". In SAP, certain transactions, such as bank-to-bank transfers, may have restrictions on the types of accounts that can be used. If the account type is set to something other than "S", the system will prevent the transaction from proceeding and display this error message.
  Solution:
  To resolve the PZ711 error, you can take the following steps:
  
  
  Check Account Type: Verify the account type of the bank account you are trying to use for the transfer. You can do this by navigating to the relevant bank account details in SAP.
  
  
  Change Account Type: If the account type is not "S", you may need to change it to "S" if that is appropriate for your business process. This may involve updating the account settings in the SAP system.
  
  
  Use a Different Account: If changing the account type is not feasible or appropriate, consider using a different bank account that is already set up with the correct account type ("S").
  
  
  Consult with Finance Team: If you are unsure about the implications of changing account types or if you need to create a new account, consult with your finance or accounting team to ensure compliance with your organization's policies.
  
  
  Review Configuration: If this error occurs frequently, it may be worth reviewing the configuration settings in SAP related to bank accounts and transfers to ensure they align with your business requirements.
  
  
  Related Information:
  
  SAP Documentation: Refer to SAP's official documentation or help resources for more detailed information on bank account types and their implications for transactions.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to bank account management and transfers, such as FI01 (Create Bank Master Record) or FI02 (Change Bank Master Record).
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to bank account settings in SAP.
  
  By following these steps, you should be able to resolve the PZ711 error and successfully perform the bank-to-bank transfer.