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How to fix when QuickBooks is Unable to Verify Financial Institution

QuickBooks accounting software comprise of numerous powerful features that help in smooth running of the business. The software eases the regular accounting and financial tasks of the business. Eventually there are performance errors due to some genuine issues that occur due to unexpected scenarios. One of such error QuickBooks Error is: “Unable to verify the Financial Institution in QuickBooks”. This error indicates that QuickBooks does not accept a particular bank ID. In this scenario it becomes very essential to recover QuickBooks and resolve this issue. Resolving this issue will get the solution to change the bank ID number in the QBO file to another recognized QuickBooks number. QuickBooks Customer Service Number can be contacted round the clock for error assistance and information.

QuickBooks Unable to Verify Financial Institution

Possible Reasons for the Error Occurrence

Web Connect import issues may occur if:

  • Your attempt to import a .QBO files in to an older QB version that no longer supports the online banking service.
  • Your import file is incorrect file type. (.QFX, .IIF, .CSV, etc.)
  • The QBO files comprise of invalid details or formatting that is provided by your financial institution. QuickBooks fails to read the data from your Web connect (.QBO) file.
  • Your financial institution does restrict import into QuickBooks (fi.intuit.com).
  • You are not on a supported version of QuickBooks Desktop

Prior importing the QB Online into QuickBooks program, the QBO file should be opened in Excel or notepad

  • Open file in Excel or notepad.
  • Go to line 20 – <INTU.BID>2002

Change the last four digits to 3000

  • Save file (Do not use “Save As”.)
  • Upload file into QuickBooks

When the user downloads or imports a .QBO file from a supported financial institution, an error message occurs (OL-222) or nothing happens. The error messages that might crop up are as follows:

  • Error: OL-222
  • “An error occurred while processing your online banking data.”
  • “Your data was not imported in to QuickBooks.”
  • “QuickBooks is unable to verify the Financial Institution information for this download.”
  • No error

Solutions:

Intuit recommends third important solutions to resolve the issue. They are as follows:

Method 1: Download directly from the website of the bank

Method 2: Duplicate the issue in a new test file

Method 3: Review the web connect (.QBO) download for obvious errors

For further information you can contact QuickBooks Support Phone Number. The professional experts handle the issues and answer all the queries and provide authentic information. Call to the toll free number +1-855-836-9252 and garner excellent QuickBooks services.

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