What is Bank Master Data?
The bank master data is made up of communication data and control data (including SWIFT code and IBAN) International Bank Account numbers of all the banks. It is stored centrally in the bank directory.
Automatic Creation of Bank Master Data
SAP Customizing => Implementation Guide => Cross-Application Components => Bank Directory => Bank Directory Data Transfer
- For international bank transfer, select the activity Transfer Bank Directory Data through the program. Use RFBVBIC_0 to import bank master data from a file, which is in the BIC+IBAN directory format.
- For country-specific data transfer, use the customising activity Transfer Bank Directory data – country-specific and import the bank data ( in ASCII format) through the program RFBVALL_0.
Manual Creation of Bank Master Data
Use the SAP Easy Access menu path:
Accounting => Financial Accounting => Banking => Master Data => Bank Master Record TCode FI01 => Create a bank master record manually in the system.
What is a House Bank in SAP Bank Accounting?
The house banks are banks through which you can carry out the payment transactions. Typically you enter a house bank in the company code data in the master record of a business partner.
Noteworthy, you can design one or more banks in the bank directory as per your house banks.
- Each house bank has an identifier (maximum of five characters) known as House Bank and is associated with a country through the Bank country key.
- Further, each House Bank also has a unique identifier (not more than 15 characteristics long) known as a Bank key. This can be a SWIFT code for overseas banks.
- Likewise, each Bank has one or more bank accounts represented by an account ID. This account ID and House Bank ID are used to identify a bank account.
- In the same vein, each account ID also has a Bank Account Number ( length not exceeding 18 characters)
- You can use a control key is used to identify the nature of the Bank account
- Each account ID is mapped to G/L accounts.
