A bank should be created as partner for rent deposit type &

What causes this issue?

For non-cash rent deposit types, a bank should be entered as a partner,
acting as the place of deposit.

System Response

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

How to fix this error?

Enter a bank as an additional partner, acting as the place of deposit
for the rent deposit.

Error message extract from SAP system. Copyright SAP SE.