QuickBooks Online has one of the most dynamic features known as Bank Feed. What the feature Bank Feed lets you do is import the bank and credit card transactions from your Financial Institution to your QuickBooks register. However, when you link your online bank and credit card accounts, QuickBooks downloads new transactions automatically. But at some point in time, you may confront Online Banking Errors in QuickBooks. Though, this usually happens at the time when trying to import your banking transactions into QuickBooks Online. It can be difficult for non-tech to fix the error issue on their own. That’s why; we provide QuickBooks Help for all the helpless users or newbies so that they can avail themselves anytime and get their issues solved. Furthermore, we discuss all its effective troubleshooting guides in this post. So, you can also read it out!
Reasons for Online Banking Errors in QuickBooks
Checklist of possible causes listed underneath due to which you come-up front with the Online Banking Errors in QuickBooks:
- Maybe you are not connected to the internet.
- QuickBooks application is not running with the latest release.
- A corrupt or damaged download of QuickBooks Company file.
- When unable to login into your bank successfully.
Things to Remember:
- Manual updates will take a look back 90 days and download any new transactions automatically recorded within that timeframe. So, if you skip days between updates, the download will get the most current information when you do associate with your account.
- Some banks and credit card organizations don’t post exchanges for download until later in the day or the next morning.
- Many times you are able to see the transaction on the bank’s website but they won’t be downloaded until the time they post.
- If there are missing transactions, wait for at least 24 hours in case your bank doesn’t make them accessible instantly.
Solutions to Fix Online Banking Errors in QuickBooks Online
The following are the troubleshooting guidelines you should give a try once in order to quickly fix Online Banking Errors in QuickBooks Online:
Solution 1: Run a Manual Update on Your Bank Account
- Select the “Banking” option from the left menu.
- If you want only a few accounts to be updated, click to unselect the unwanted accounts. Blue indicates the selected one, grey means the account is not selected.
- Once you have selected the wanted accounts, tap the “Update” button in the upper right-hand corner.
- If prompted, enter your Multi-Factor Authentication (MFA) credentials (this must be done within 2 minutes of the box appearing) and then click “Continue Update”.
- Once the update is finished, you will receive a notification.
- If this gets successfully done, you will be able to see the date of the last update and the total number of transactions that have changed.
Solution 2: Check Whether You Can Log Into Your Bank’s Website Via The URL The Bank Has Provided For Online Banking
In this guide, you need to verify that you are successfully logged in to the bank’s website directly through the URL that the bank has provided for online banking to you. Let’s check it out by following the below steps:
- From the left navigation bar, select the “Banking” tab
- Choose “Add account” from the top right of the Banking screen
- Search the name of your financial institution
- Under results, click on the bank
- At the top of the window, click the link for the bank’s website
- Doing this, a new window will open
- Make sure you are able to access the accounts through this site and also give assurance that you are able to see the account summary, account history, and account details without any errors
If you want to support a connection to a bank account, you must be able to run the account through this link. Sometimes a financial institution will have multiple logins to different types of accounts but they choose only to release one website for connection to QuickBooks Online.
Solution 3: Make Sure No Changes Are Required By Your Bank
You need to look for a message, notification, or alert that popped up from your bank informing you that something is not working as it should be. Most of the time, this will be a message that the bank has enabled new security features or need to update the password that requires you to take action before you can go ahead.
Solution 4: Wait For Some time and then try again
If you have properly tried all the above guides but yet receive Online Banking Errors in QuickBooks. Next, you should wait for at least a day and then try again. This will help the bank time to fix the issue.
Obtain 24X7 QuickBooks Online Support for Your Problem
In case the Online Banking Errors in QuickBooks are still appearing while importing the bank transactions into the QuickBooks Online. You need not be worried as the QuickBooks Online Support team is there for your better help. You only have to get in touch with them via dialing the helpline number. A one-stop solution will be proffered to you in just a second to fix the problem.