How To Fix SAFM_EOPO024 - IBAN specified in bank details for vendor &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: SAFM_EOPO - Expenditure Order and Payment Order

• Message number: 024

• Message text: IBAN specified in bank details for vendor &1 does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message SAFM_EOPO024 - IBAN specified in bank details for vendor &1 does not exist ?

  The SAP error message SAFM_EOPO024 indicates that the IBAN (International Bank Account Number) specified in the bank details for a vendor does not exist or is not recognized in the system. This error typically occurs during processes that involve financial transactions, such as payments or vendor master data updates.
  Cause:
  
  Incorrect IBAN: The IBAN entered for the vendor may be incorrect or mistyped.
  Missing IBAN: The IBAN may not have been entered in the vendor master data.
  Inactive Vendor: The vendor may be inactive or not properly set up in the system.
  Bank Details Not Updated: The bank details for the vendor may not have been updated or maintained correctly.
  Country-Specific Format: The IBAN format may not comply with the country-specific requirements, leading to validation errors.
  
  Solution:
  
  Verify IBAN: Check the IBAN entered for the vendor against official bank documents to ensure it is correct.
  Update Vendor Master Data:
  
  Go to the vendor master data transaction (e.g., XK02 for general data or FK02 for company code data).
  Ensure that the IBAN is correctly entered in the bank details section.
  
  
  Check Vendor Status: Ensure that the vendor is active and properly set up in the system.
  Review Bank Details: Make sure that all required bank details are filled out correctly, including the bank key and account number.
  Country-Specific Validation: Ensure that the IBAN format adheres to the specific requirements for the vendor's country.
  Test Payment Run: After making corrections, perform a test payment run to ensure that the error does not reoccur.
  
  Related Information:
  
  Transaction Codes: Use transaction codes like XK02 (Change Vendor), FK02 (Change Vendor in Company Code), or FK03 (Display Vendor) to manage vendor data.
  IBAN Validation: There are tools and services available that can validate IBANs to ensure they are correctly formatted and exist.
  SAP Notes: Check SAP Notes for any known issues or patches related to IBAN handling in your version of SAP.
  Documentation: Refer to SAP documentation for guidelines on maintaining vendor master data and bank details.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or a functional consultant for further investigation.