How To Fix /SRMSMC/S3Q_EXT051 - Invalid bank key in bank details

SAP Error Message - Details

• Message type: E = Error

• Message class: /SRMSMC/S3Q_EXT -

• Message number: 051

• Message text: Invalid bank key in bank details

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 /SRMSMC/S3Q_EXT051 - Invalid bank key in bank details ?

  The SAP error message /SRMSMC/S3Q_EXT051 Invalid bank key in bank details typically occurs in the context of the Supplier Relationship Management (SRM) module when there is an issue with the bank details associated with a supplier or vendor. This error indicates that the bank key provided in the bank details is not valid or recognized by the system.
  Causes:
  
  Incorrect Bank Key: The bank key entered may not match any existing bank records in the system.
  Missing Bank Master Data: The bank key may not be set up in the bank master data table.
  Data Entry Errors: There may be typographical errors in the bank key or related fields.
  Configuration Issues: The system may not be properly configured to recognize the bank key due to missing settings or incorrect configuration.
  Country-Specific Issues: Different countries have different formats and requirements for bank keys, and the key may not conform to the expected format for the specified country.
  
  Solutions:
  
  Verify Bank Key: Check the bank key entered in the supplier's bank details against the bank master data to ensure it is correct.
  Check Bank Master Data: Ensure that the bank key exists in the bank master data. You can do this by navigating to the relevant transaction (e.g., transaction code FI01 for creating a bank master record) and verifying the bank key.
  Correct Data Entry: If there are any typographical errors, correct them and save the changes.
  Update Configuration: If the bank key is valid but not recognized, check the configuration settings in the system to ensure that the bank key is set up correctly for the relevant country and currency.
  Consult Documentation: Refer to SAP documentation or help resources for specific requirements related to bank keys in your region or industry.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  Related Information:
  
  Bank Master Data: In SAP, bank master data is crucial for processing payments and managing financial transactions. Ensure that all relevant bank details are correctly maintained.
  Country-Specific Formats: Different countries may have specific formats for bank keys (e.g., IBAN, SWIFT codes). Ensure compliance with local regulations.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01, FI02, and FI03 for managing bank master data.
  SAP Notes: Check SAP Notes for any known issues or patches related to bank key validation errors.
  
  By following these steps, you should be able to identify and resolve the issue related to the invalid bank key in bank details.