The issue of error connecting bank account in QuickBooks occurs when the software fails to establish a connection with a user's bank account. This problem can arise for several reasons, such as using incorrect login credentials, temporary bank server issues, changes to the bank account, your bank not participating with QuickBooks, or you trying to connect to the wrong account type. Also, connectivity problems, outdated QuickBooks software, and restrictions from the bank can contribute to this error.
Here are some common reasons that might be causing difficulties connecting your bank account to QuickBooks.
Some banks only allow connections for specific types of accounts. For example, they may support business accounts but not personal accounts.
Your bank may not be a participating bank with QuickBooks.
Sometimes, banks undergo system maintenance, which can temporarily disrupt connections.
Certain banks have multiple names or variations in QuickBooks. Make sure you select the correct bank from the list and consider trying all possible URLs associated with your bank.
Note: Before moving to the solution, first make sure that everything is good from your bank side. Also, update your bank connections in QuickBooks to avoid various bank errors in QuickBooks, such as QuickBooks error code 108.
You can resolve this banking issue by following the below solutions.
If your bank has confirmed everything is fine on their end, ensure you're selecting the correct bank name when connecting your account. Here's how:
Go to the Banking or Transactions section on the left panel.
Click on Link account or Add account.
Access the Connect your bank or credit card to bring in your transactions field.
Enter the URL provided by your bank.
Follow the on-screen instructions.
Complete the connection process.
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Go to the Transactions menu.
After that, select Bank transactions.
Click on the Link account. Note that you are not adding an account at this stage; you just need the URL listed.
Search for your bank and select it from the list.
Copy the URL provided for your bank.
Use the copied URL to sign in to your bank's website.
To ensure you connect your bank account correctly, follow these steps:
Go to Bookkeeping.
Then Transactions.
After that, select Bank Transactions or go to Banking.
If this is your first bank account setup, click Connect account.
If you have already set up accounts before, click Link account.
On the Connect an account page, enter the name of your bank or, preferably, your bank's URL in the search field.
Press the Enter key.
Select your bank when it appears on the list.
Follow the on-screen instructions.
Complete the connection process for your bank account.
After following this guide, you can easily fix the error connecting bank account in QuickBooks.
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