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Define and Delete Bank Key in SAP

What is Bank Key?

A bank key is a key that uniquely identifies your bank in a specific country. It is the detailed address information about the bank account with the account number.

In other words, the identification of the bank branch is the bank key, each bank key represents a particular bank branch. The bank key is country-specific for each country there is a different bank key.

How to Create Bank Key in SAP?

Please follow the step below to create a bank key:

Enter the t-code FIO1 in the b and Press Enter

t-code FI01

Or

Navigate to

SAP Menu → Accounting → Financial Accounting → Banks → Master Data → Bank Master Record → FI01 - Create.

SAP navigation menu

Next in the ‘Create Bank: Initial Screen’ window enter the following details:

  • Bank Country
  • Bank Key (Not longer than 11 characters)

Create Bank Initial Screen

Now in the Create Bank: Detail Screen window, under the Address section, enter the following:

  • Bank's name.
  • Bank region.
  • Bank's street address.
  • Bank's city.
  • Branch branch

Under the Control data section enter the following:

  • SWIFT/BIC code of the Bank
  • Tick the Post. Bank Acct checkbox if the Bank is from Germany or Switzerland

Create Detail Screen

Click the Save icon or press Cntrl+S.

Press Save Button

A new Bank Key is created.

New Bank key

How to Delete Bank Key?

Please follow the step below to delete the bank key:

Enter the t-code FIO6 in the SAP Command Field and press Enter

FI06

OR

Navigate to

SAP Menu → Accounting → Financial Accounting → Banks → Master Data → Bank Master Record → FI06 - Mark for deletion.

Sap menu path

Next in the Set Bank Deletion Flag: Initial Screen window enter Bank Country & Bank Key which you want to set for delete.

SAP bank deletion flag

Now in the next screen just tick the Deletion Indicatorbox

Deletion Indicator

And then click the Save icon or press Cntrl+Save. The bank key will be Set for Deletion.

Save the Data