How To Fix T7124 - For CoCd &1 transaction &2: bank data is not available for payer/payee &3

T7124 - Overview

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 124

• Message text: For CoCd &1 transaction &2: bank data is not available for payer/payee &3

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T7124 - For CoCd &1 transaction &2: bank data is not available for payer/payee &3 ?

  The SAP error message T7124 indicates that there is an issue with bank data for a specific payer or payee in a given company code (CoCd) and transaction. This error typically arises when the system cannot find the necessary bank details for the specified payer or payee in the relevant configuration or master data.
  
  Cause:
  
  Missing Bank Data: The most common cause is that the payer or payee does not have any bank details maintained in their master data.
  Incorrect Configuration: There may be issues with the configuration of the payment methods or bank details in the system.
  Data Inconsistency: There could be inconsistencies in the master data, such as incorrect company code assignments or missing entries.
  Inactive Vendor/Customer: The vendor or customer might be inactive or not properly set up in the system.
  
  
  Solution:
  
  
  Check Master Data:
  
  Go to the vendor or customer master data (transaction codes like FK03 for vendors or FD03 for customers).
  Verify that the