R12 IBAN Validation Error:The International Bank Account Number (IBAN) Entered Is Invalid (Doc ID 1273327.1)

Last updated on SEPTEMBER 06, 2016

Applies to:

Oracle Cash Management - Version: 12.0.1 to 12.1.3 - Release: 12 to 12.1
Information in this document applies to any platform.

Symptoms

Creating a new Bank Account results in error message IBAN entered is invalid.Although the IBAN Number is valid

Steps to reproduce the issue :
Define Bank Accounts
Enter : country 
Enter : bank name
Enter : branch name
Enter : Bank Account & Owner
Enter : Account Name 
Enter : Account Number
Enter : Currency
Enter : IBAN
Account type: Checking


when Save , receive below error :
The international bank account number (IBAN) entered is invalid.

Cause

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