Skip to Content

Archived discussions are read-only. Learn more about SAP Q&A

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

Former Member
Former Member replied

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

0 View this answer in context
Not what you were looking for? View more on this topic or Ask a question