How To Fix T0762 - Partner bank details must be entered in the payment details

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 762

• Message text: Partner bank details must be entered in the payment details

What causes this issue?

You wish to maintain bank chains in the standing instructions of
business partner &V1& in company code &V2& for payment detail &V3& in
currency &V4& .

System Response

The SAP R/3 System does not allow you to carry out the processing as
all the necessary fields for maintaining bank chains have not been
filled in.

How to fix this error?

Fill in the Partner bank field of your payment detail and execute the
function again.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0762 - Partner bank details must be entered in the payment details ?

  The SAP error message T0762, which states "Partner bank details must be entered in the payment details," typically occurs when you are trying to process a payment or create a payment document without having the necessary bank details for the vendor or customer involved in the transaction. This is particularly relevant in scenarios involving payment processing, such as when using the payment program (F110) or creating outgoing payments.
  Cause:
  The error is caused by the absence of bank details for the partner (vendor or customer) in the payment transaction. This can happen due to several reasons:
  
  The vendor or customer master data does not have bank details maintained.
  The bank details are incomplete or incorrect.
  The payment method used requires bank details, but they are not provided.
  
  Solution:
  To resolve the T0762 error, you can follow these steps:
  
  
  Check Vendor/Customer Master Data:
  
  Go to the vendor or customer master record (transaction codes: XK03 for vendors, FD03 for customers).
  Ensure that the bank details are correctly maintained in the relevant section (usually under the "Payment Transactions" tab).
  If bank details are missing, you will need to add them.
  
  
  
  Maintain Bank Details:
  
  If you need to add bank details, you can do so by editing the vendor or customer master record.
  Ensure that you enter the correct bank account number, bank key, and any other required information.
  
  
  
  Check Payment Method:
  
  Verify that the payment method you are using is compatible with the bank details provided.
  Some payment methods may require specific bank details to be entered.
  
  
  
  Review Payment Program Configuration:
  
  If you are using the payment program (F110), check the configuration settings to ensure that they align with the requirements for bank details.
  Ensure that the payment method settings are correctly configured in the payment program.
  
  
  
  Test the Payment Process:
  
  After making the necessary changes, try to process the payment again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  XK03 - Display Vendor
  FD03 - Display Customer
  F110 - Automatic Payment Transactions
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed information on maintaining vendor and customer master data, as well as configuring payment methods.
  
  
  
  User Roles and Authorizations:
  
  Ensure that you have the necessary authorizations to edit vendor or customer master data.
  
  
  
  By following these steps, you should be able to resolve the T0762 error and successfully process your payment transactions in SAP.