How To Fix T0747 - 'SWIFT' has not been selected

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 747

• Message text: 'SWIFT' has not been selected

What causes this issue?

There are inconsistencies between the leading correspondence medium and
the selection of correspondence media:
The leading correspondence medium is not defined as an output medium
(not selected).

How to fix this error?

For the leading correspondence medium, choose one that is
defined/selected, or change the setting for the leading medium
<ZH>before</> you reset the selection of this correspondence medium.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message T0747 - 'SWIFT' has not been selected ?

  The SAP error message T0747, which states that 'SWIFT' has not been selected, typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank communication formats. This error indicates that the SWIFT format for bank communication has not been configured or selected in the relevant settings.
  Cause:
  
  Configuration Issue: The SWIFT format may not be activated or selected in the payment method configuration.
  Missing Settings: The necessary settings for SWIFT communication might not be properly set up in the bank master data or payment program.
  Incorrect Payment Method: The payment method being used may not support SWIFT communication.
  
  Solution:
  To resolve the T0747 error, you can follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment methods in country) or FBZP (for payment program configuration).
  Ensure that the payment method you are using is configured to support SWIFT. Look for the 'Payment Medium' section and verify that SWIFT is selected.
  
  
  
  Bank Master Data:
  
  Access the bank master data using transaction code FI01 (Create Bank) or FI02 (Change Bank).
  Check if the bank account is set up correctly and that the SWIFT code is entered in the appropriate field.
  
  
  
  Payment Program Settings:
  
  In the payment program configuration (transaction code FBZP), ensure that the settings for the payment medium include SWIFT as an option.
  Review the 'Payment Medium Format' settings to confirm that SWIFT is included.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, run a test payment to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP Basis or Financial team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBZP (Payment Program), OBPM1 (Payment Methods), and FI01/FI02 (Bank Master Data).
  SAP Notes: Check for any SAP Notes related to T0747 for additional guidance or patches that may address known issues.
  User Roles: Ensure that you have the necessary authorizations to make changes to payment methods and bank master data.
  
  By following these steps, you should be able to resolve the T0747 error and successfully configure SWIFT for your payment processing needs.