Sage E-Banking Error – ‘Unknown Bank Specified’ or ‘No Banking Specified’

Sage can be very useful and at the same time be a pain for certain factors as it is very specific in what it needs. It doesn’t allow any illegal or unauthorized action to occur and therefore there are important points one should keep in mind while using Sage 50. In case of e payment or e reconcile, one might have to come across errors like “unknown bank was specified” or “no banking component defined for this account”. The only reason behind this is that no banking component has been selected. The default process is to click on Bank Accounts, the select the required bank account and then finally click on New or Edit.

If it is a Sage account 2013 and 2014, the process might vary by a slight difference. You will need to click on Bank, and then choose the required bank account and then bank record. For any other sage account of 2012 and below, you need to select bank>required bank account>record.

Now after selecting the bank accordingly, you need to select the bank component. From the drop down list, choose appropriate bank component and save.

Let us all accept that E payment is the most convenient mode of payment used and it is important that this is a feature that Sage 50 enables e payment. You are only a few steps away.

Tip: Upgrade to latest version of the Sage 50 software and Save up to $50.

Step by Step Method to Setup E Banking in Sage:

Conclusion:

In the end, it is recommended that you have to follow the solution to fix your Sage E-Banking Error – ‘Unknown Bank Specified’ or ‘No Banking Specified’. Still, if you are facing problems or errors into your Sage account then contact the Sage customer helpdesk team. The team is here 365 days a year to provide you the best assistance to fix your errors. You can reach them out via email, live chat, or toll-free number 1800 964 3096.

Frequently Asked Questions