What is Bank key, num?

Hi,
What is Bank key or bank number ? what is their use? Can a bank key be different for different branches of a same bank in the same country?
Thanks,
Sravanthi

Hi,
In this field, you specify the bank key under which bank data from the respective country is stored.
When you define the country key, you also specify the country-specific definition of the bank key.
Normally, you manage banks using their bank number. The bank number in the control data for the bank is then displayed twice, that is, as the bank key too.
In certain countries, the bank account number takes on this function; then there are no bank numbers and the bank data is managed using the account number.
For data medium exchange, you may find it useful to be able to enter foreign business partners without a bank number, even if there are bank numbers in the country in question. In this case, the bank key can be assigned internally.
To manage bank data using another key, for example, the SWIFT code, external number assignment can also be used.
Regards,
Eli

Similar Messages

What is bank key in house bank configuration

hi
what is bank key in house bank configuration. is bank key same as our bank routing number.
thanks,
monica

Hi,
You specify the bank key under which bank data from the respective country is stored.
Basically, your banks are managed by using their bank numbers. The bank number and the bank key are almost same for the house bank.
Like you said, you may define a 9 digit number that serves as a routing number too.
Hope it clears your doubt.
Assign points if helpful.
Regards,
NareN.

What is bank key ?

I am trying to set up a new house bank for Sweden.What is bank key or bank number ? Is it any number I can put ? or specific number I have to ask from Bank ? It is asking a number of 04 length.
Thanks in advance
Satya

Hello read below
Points will be appreciated
Regards,
Zaid Azam
In this field, you specify the bank key under which bank data from the respective country is stored.
When you define the country key, you also specify the country-specific definition of the bank key.
Normally, you manage banks using their bank number. The bank number in the control data for the bank is then displayed twice, that is, as the bank key too.
In certain countries, the bank account number takes on this function; then there are no bank numbers and the bank data is managed using the account number.
For data medium exchange, you may find it useful to be able to enter foreign business partners without a bank number, even if there are bank numbers in the country in question. In this case, the bank key can be assigned internally.
To manage bank data using another key, for example, the SWIFT code, external number assignment can also be used.

Creation of Bank Key

Hello sir
Can anybody tell me what is Bank Key in FBZP. From where this number I will get?
Thanks
Vinayak

Hello Sir
Thanks for reply.
Pl tell me, bank key can be numeric only or alphanumeric ?
I want to create bank key for Shamrao Vithal Bank.
Regards
Vinayak

Bank Key will be different for employee to employee or unique for all

Hi Gurus,
i searched forum to get information on my requirement. But could"t get.
As we are (client) in different location with around 20000 employees. All are haveing bank account numbers in respective locations. (1500 employees are working in bangalore, 2000 are in delhi..like that).
My query is: Can we maintain/Assign Only one bank key (Defined by FI/CO as we know) for all employees or based on account number of employee Finance people needs to define Bank key and the same we can assign to employee master data (info type 9)?
Bank key can be unique for all employees ?
Please give some light on this.
Regards,
MVR

Hi
The key issue here is when Automatic Bank transfers take place, the salary transfers should be paid to the correct bank account for each employee. The unique identifier is the bank key + bank account number. Therefore, if you have 300000 employees and each employee has an account ina a different bank, you have no option but to create 300000 bank keys in the database.
Conflicts may very well arise if you assign arbitrary bank keys and if employees dont get paid in time because the amount went into a wrong bank account, you may well run into industrial relations issues.
In the UK, US etc, there is a central database of bank keys which is available as a commercial product and most companies purchase this in DVD format and upload the whole thing in the bank tables in FI. on an ongoing basis, if new branches crop up, they are manually updated from time to time.
Some posssible sources:-
1) Check if you can get a similar product in India, There used to be websites like indiainfoline.com which could provide this information for a fee.
2) Surely your FI department would have a list, as they must have been paying employees through Bank transfer before SAP was implemented.
3) The existing HR system surely must have a list of employees bank accounts along with Bank keys.
Bottom line, don't assume what the bank keys can be - try and ensure the correct bank key is used for each employee.

Bank key vs Electronic Bank Statement

Hello,
What is recommended by SAP is to have bank key for house bank the same as SWIFT code. I have case now that bank from Turkey has TGBATRIS Swift code and the same i use as bank key. But when they have sent bank statement and i import it using FF.5 it looks like in field 25: (where the bank account is delivered) they provide this data ':25:277/6296649'. So 277 is bank ID and after slash / we have bank account ID. Problem is that error comes up when i have bank key TGBATRIS as no bank account 6296649 is found for bank key 277. So it looks SAP is recognizing first part 277 as bank key that should be customized.
Is there any way to use bank key as SWIFT and not asking bank to change bank statement format of field :25: ?
Thanks for info.

Look if you can get in the house bank this information in the field Alternative Bank Acct Number
If you have house bank accounts with identical account numbers and use the electronic account statement for these accounts, then you enter the internal key used by your house bank here (usually the account number with attached currency encryption). If you use the manual account statement, then you can freely assign the alternative account number. Using bank account number + currency code is, however, recommended

Imapct of bank key length increase in OY17

Hi Folks,
Regarding Vendor Master (Payment transactions view).
Bank Key field length is set for 4 digits for MEXICO. The request is to increase the same to 6 digits.
Provided I just change the length of the bank key from 4 (and checking rule 6) to 6 , will there be any repurcussions?
What additional checks to be taken care of before completing such a change.
Thanks

check the bank keys in existing mexican vendors whether they fit to your new setup, or if they will create an error while maintaining this vendor in any other field.

Bank key

Hi
all
can we assign vendor's bankey key or customer's bank as a Housebank bank'skey
if any restrictions for this plz clarify
Mant Thanks
MvNr

Hello,
Bank keys are defined at country level.
The bank key is nothing but it is identified the branch with a unique key.
The key that is going to enter in vendor master is the bank (branch) in whcih your vendor is having the account. But it is not what you have mentioned in the house bank in FI12. This is the house bank in which you are having account. Incidentally, if you and your vendor is having accounts in same branch, then the bank key will be the same for your and your vendor. In such case, you can enter the same bank key in vendor master.
Hope I am clear.
Regards,
Ravi

Vendor Master - Bank Key

Hi Guys,
In the vendor master , under the bank details , we have a field called BANK KEY.
What is the significance of this field and does it mean the Bank Key of the vendor bank or our house bank?
Pls clarify.
Thanks,
Srikanth.

Bank Keys means the vendor bank, we usually use bank number in the control data as the bank key (T-code: FI01).
In vendor master, if vendor has multiple bank accounts, identify 'Partner Bank Type' for each vendor bank account. Specify the 'Partner Bank Type' during invoice posting otherwise the first line would be default for payment.
Partner Bank Type
Key you enter in the line item to specify which business partner's bank the system should use.
Procedure
In the business partner's master record:
If several bank accounts exist in a customer or vendor master record, you can assign different keys for these accounts.
In the item:
To use a particular bank of the business partner for the payment of an item, enter the appropriate key in the item. The payment program then pays the item via the business partner's predefined bank.

Z4 report Foreign trade regulations SCB indicator (central bank key)

hello all,
i was wondering what is triggering the Z4 report Foreign trade regulations report?
Is it the SCB indicator (central bank key)?
If an invoice is missing that indicator, could it be that the report shows no output?
You can find the indicator in FB03, go to the line item of the vendor, 'more data' tab.
Actually the indicator is triggered in MIRO from materials management.
If the indicator is missing, can it be inserted through another transaction code? I have tried in FB02 but the central bank key indicator isn't changeable...
Regards,
Pamela

Hi Pamela Mungur,
I came across your thread in SDN regarding Z4 report, I am very greatful if you share your experience on below point:
1. Is SCB indicator always need to input while posting Invoices (MM or SD) or Can we input while posting Payment also.
2. How can we Ensure, user always enter SCB in transaction data, as i cannot make it as mandatory at Field status definition level.
3. I unable to find the Field to input SCB value while creating invoice through SD module.
Thanks in advance for your valuable time and effort. Please feel to ask to create new thread if required.
Thanks...Venkat

HOUSE BANK - Account ID, Bank Key, Swift Code

Hi All,
I hv doubt in customisation of a house bank. While configuring a house bank, we need:-
1) Account ID
2) Bank Key
3) Swift Code
could anybody please explain what is the role of these 3 items when we run Automatic Payment Programme & manual bank reconcialtion of any house bank.
Thanks in advance
Deepak Garg

Hello Deepak,
I try to explai as my best:
1) Account ID:
This is uinique ID for bank a/c no. To identify ur bank under same house bank. here u will be giving the gl a/c for each bank. for ex:
In SBI u have one current a/c and one loan a/c. u will create one SBI house bank and two a/c id's which is for current a/c and loan a/c.
2) Bank Key:
This is an identification for ur house bank. i.e. each branch will have a unique bank key. thats how u will identify the house banks.
3) Swift Code:
The S.W.I.F.T. code is used for identifying banks in international payment transactions. for ur payments in other currency or foreign currency ur bank needs to have a SWIFT code.
Thanks
Murali

F110 posted payment succeffully, but F-58 have bank key problem

Hi all expert,
i posted first payment successfully by using F110.
however, i would like to make second payment by using F-58, then system prompt me error message with "Bank data is missing for country SG bank key 641", message no. F5453.
if it is bank master problem, but why i can post payment successfully at F110 at first?
Please advice.
Thanks & Regards,
Totoro

Check the below in FBZP - Hose bank   or (FI12)
Double click on you bank master and check the below whether the bank key and country combination is correct.
Bank Country              IN      India
Bank Key                  123456
In F-58, what is the first screen you are getting and paste few details below for our ref.
Thanks

Bank keys selection on F110

Hi All,
In the Customer master data ->payment transaction,
There are two bank keys (of same country) with different Partner Bank Type 'A' , 'B' are assigned
In F110 For the documents of type Direct bank collect, for some documents selected the first bank key and for some documents selected the second bank key.
On what basis, these Bank key are selected F110 run?
Appreciated your quick response,
Thank you,
Swetha

The payment reference contains a key for customer line items which is passed on to the customer in the invoice. The customer should refer to the payment reference when making the payment.
For vendor line items, the key that the vendor passes on in the invoice is entered in the payment reference. In automatic payment transactions, the payment reference can be passed on again to the payee.
When an outgoing payment is made, the payment reference you specify is passed on to the relevant financial institute and from there to the payee.
When you are processing your account statement, you can use the payment reference to determine which items you have paid and then clear them.
PS: Check your field status variant of the posting key of the invoice and field status group field status (to the reconciliation account assigned in the customer or vendor master) - Make sure you have made these fields as optional, so that the user can enter the details.
Regards,
Ravi

Taiwan bank key missing

Hello,
For Taiwan vendor i dont have any bank key communicated, as it doesn't exist for Taiwanese banks (is this assumption correct?).
If so, what's would be the best solutions among the 2 options mentioned below and the impacts.
1. can i use the swift code in the place of the bank key?.Taking in to account that no control parametres are activated in the transaction OY17 for bank account number.
2.can i generate an external assignment number in the bank key?
While executing my payment cycle, (considering that the bank account for taiwan vendor has been correctly maintained in the bank account field in SAP) , will there be a negative impacts by using swift code in the place of bank key .The output source is my ETEBAC file which is integrated with my house bank.
Duplicating the bank account in the bank key field would not be logic and sap dosent control it too.
Thanks
chaidk
Edited by: chaidkassim on May 10, 2010 5:20 PM

yup

Bank Key giving error for ECC to CRM replication

While replicating BPs from ECC to CRM, the following error shows in the BDoc:
"Bank XXXX-YYY for Country ZZ does not exist"
To the best of our understanding, the Bank (branch: XXXX-YYY) detail is not available in the CRM, but where to make in CRM or why should it not be replicated from ECC when the same is created in ECC in the first instance itself.
Seek your guidance please.
Regards,
Tariq

Dear Leon,
Thank you for your advise and after going through the same I have the following to share with you:
Make sure that the Bank Key,Bank Key - FI01 Bank master creation is maintained .....
>>>>>>>> Yes maintained.
After maintaining it,try to replicate using PFAL.
>>>>>>>> For replicating what "object type" should I choose from the list, though i couldn't find any of the drop down entries having "Bank" or likewise. hence what object type to select for replication?
And check in BD64 whether the distribution model is maintained correctly.
>>>>>>>> I checked but couldn't find the mention of any bank in the model views available there related to HR / CRM:: "HRALECRM" or "ZHRCRMWFM"...........hence kindly advise where and what for should I look for?
"................., it is possible that bank data is not distributed, because the system to which the bank data is to be sent is not available or the settings in Customizing are incomplete or incorrect. Check SPRO
>>>>>>>> Checked, system is maintained.
Thanks!
Tariq

What is Bank key, num?

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