SAP Message 1CO054 - Unable to find bank statement address for BP &1, Bank Area &2, Account &3

Diagnosis
You want to create a correspondence address for Account &V3& belongingto the Business Partner &V1&. However, the bank statement address of thebusiness partner cannot be determined.

System Response
The correspondence address for the account will not be updated.

Procedure
Verify the address of the business partner.