diff --git a/message.xml b/message.xml
index ce67619d27..87658ffff8 100644
--- a/message.xml
+++ b/message.xml
@@ -9,6 +9,9 @@ this repository contains the full copyright notices and license terms. -->
         <record model="ir.message" id="msg_payment_process_no_iban">
             <field name="text">To process payment "%(payment)s" you must define IBAN for it.</field>
         </record>
+        <record model="ir.message" id="msg_payment_process_no_bank">
+            <field name="text">To process payment "%(payment)s" you must define a bank for the account "%(bank_account)s".</field>
+        </record>
         <record model="ir.message" id="msg_mandate_unique_id">
             <field name="text">SEPA mandate identification must be unique by company.</field>
         </record>
diff --git a/payment.py b/payment.py
index d94654f9d5..934fa47ead 100644
--- a/payment.py
+++ b/payment.py
@@ -229,13 +229,17 @@ class Group(metaclass=PoolMeta):
                 payment.sepa_mandate = mandate
                 payment.sepa_mandate_sequence_type = sequence_type
             Payment.save(payments)
-        else:
-            for payment in self.payments:
-                if not payment.sepa_bank_account_number:
-                    raise ProcessError(
-                        gettext('account_payment_sepa'
-                            '.msg_payment_process_no_iban',
-                            payment=payment.rec_name))
+        for payment in self.payments:
+            if not payment.sepa_bank_account_number:
+                raise ProcessError(
+                    gettext('account_payment_sepa'
+                        '.msg_payment_process_no_iban',
+                        payment=payment.rec_name))
+            if not payment.sepa_bank_account_number.account.bank:
+                raise ProcessError(
+                    gettext('account_payment_sepa'
+                        '.msg_payment_process_no_bank',
+                        payment=payment.rec_name))
         to_write = []
         for key, payments in self.sepa_payments:
             to_write.append(payments)