Action required please check your billing data!?

Hello DrExorzist,

There is currently an internal issue with the data stored for your account which is preventing a deposit. Our deposit process cannot correctly determine the primary billable account to deposit into for your Microsoft Account, and thus aborts the process.
This is an issue that we are working on resolving with another team. At the moment, we have not received a estimate on when this problem will be resolved. To be clear, this is a data issue, and not the result of any faulty user input. The prompt asking you
to update your information is a symptom of this error, and adjusting your information will, in most cases, not resolve this issue. We apologize for the inconvenience.

Hello,

at first check your data on the microsoft billing site, after that it should work on your xbox.

Account & billing help - Microsoft Support

Hey there Julenissen420,

It's possible there is either an enforcement action on your account or a billing suspension on your account. If you check
enforcement.xbox.com are you seeing any active enforcement actions that could be causing this problem?

This requires solution by the Billing Department. Only they have access to the information which can assist you. We volunteers in this Gamer-to-Gamer DIY forum do not have access to your private data.

Smwutches reply may be your best course of action at the moment. Wait for a billing cycle to go by (31 days) and check again.

Good luck!