No bank key found for IBAN; check the bank key

What causes this issue?

The system attempted to derive the relevant bank data from the specified
IBAN (International Bank Account Number). However, the system could not
find a suitable bank key in the bank master data.

System Response

The system could not derive a suitable bank key from the specified IBAN.
Therefore, the content of the 'Bank Key' field remains the same.

How to fix this error?

Check the existing bank key or select a suitable bank key from the bank
master data if necessary.

Procedure for System Administrators

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.