What to do if QuickBooks is unable to verify Financial Institution?


While adding some details in the QuickBooks software about your financial institution or making some payments to the clients or vendors through the accounting software, did you ever receive a message saying, “QuickBooks is unable to verify the Financial Institution Information for this download? Please try again later.” If yes, then this means that your financial software is unable to connect to your Bank. If you find that this issue is ‘all Greek to you,’ and you are unable to understand it, then do read the blog or have a word with the technical executives at QuickBooks customer care number.

To continue with, let us understand the reasons due to which this error takes place. One is when you have not fed the bank details (ID) properly inside QuickBooks, or when the program is unable to identify the ID code. You might ask yourself these questions. If you get definite answers to almost all of these, then for sure this error was bound to occur.
·      Is the QuickBooks copy/version more than three years old? For example, do you have 2014 version and its year 2017 (imagine)? If yes, then update the software without any further delays
·      Does QuickBooks validate and authorize your credit card payments or bank account? If not, then you are advised to use Bank2QBO for creating the .QBO file from the allowed financial institution.
·      Was your .QBO file created properly? Many times banks and other companies create the files that are diverse from each other. These files are the extended version of OFX files. Besides, these files are not acceptable for the software.
·      If your .QBO file was created from CSV or Excel from the third party software, then use CSV2QBO for creating the file again.
Essential solutions to implement for solving the dilemma
·      Launch the .QBO file in either Microsoft Excel or Notepad.
·      In the file, look for the line INTUIT.BID>2002. It will be written in the 20th line.
·      Change the number to 3000.
·      Save the changes and after that, upload the file in QuickBooks.
In case your .QBO files are of a US bank, and you wish to import to Canadian edition, then you can use these solutions.
·      Search for the file with the name fidir.txt.file. It is present in the folder that appears at the top.
·      Launch Notepad and run this file
·      If you are a Windows 8/7/Vistas user, then
·      Search for the data in the path, C:\Programdata\...\filist.
·      If you are a Windows XP user, then
·      Search for the file in the data path, C:\Documents and Settings\...\filist
·      Look for the Bank’s name MB financial and copy the four set of numbers.
·      Launch the .QBO file in Notepad and then search, <FID>, <BANKID>, or <BID>
·      Alter the numbers that are near the characters to those associated with FIDIR
·      Save the changes, open the QB Company file, and transfer it.
It is not rocket science to solve the specific issue. Nevertheless, if you find that the situation is getting out of hand, and then feel free to have a word with the connoisseurs at QuickBooks Customer Support.

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