How to Fix Issues with Online Banking in QuickBooks?

by Quick Book QuickBooks support phone number

Resolving errors with online Banking in QuickBooks is not easy thing for you. Taking proper guidance from QB experts may be a wise decision for you. Online QB professionals have the great knowledge to fix errors with online banking in QB.

One of the most important features of QuickBooks is their online banking. It not only permits for simpler and more accurate input of data into the computer system, but also it can make the reconciliation procedure quick and simple. Online banking permits you to connect the credit card and banking accounts to QB. Thus, you do not need to enter the transactions manually, you need to download or add to the register.

As the name suggests, you should have an Internet connection to use this feature.Likewise, your financial institute needs to provide this service. Once you have matched these two needs, you are fully prepared to activate your QB online banking. On other hand, you may face problems when setting it up at the time of downloading transactions. If you are showing your incapability to resolve problems with online banking in QB, you can get the complete guidance from QuickBooks support phone number 1-888-817-0312 available round the clock.

Matters and Fixes for QuickBooks Desktop Online Banking-

While working on QB desktop, it is very important that you have a supported version of the program to endure using some of its features like online banking.  It does not mean that you should have the latest version, but you should have a version that less than two years old. This is strongly suggested to install the program on a computer system that matches the system’s needs. Error codes that begin with “OL and “OLSU” are common error codes while activating online banking or once downloading new transactions. There are many possible causes of these error codes: -

Bank or Financial Institution Error-

There are examples when the bank server is down which can keep you away temporarily from banking online. There are also occurrences where the bank has changed its name, making it compulsory to change it in QB as well. It is possible that the bank changed their procedure for online banking from direct connect to web connect or vice versa.

Internet Connection Error-

While on the direct connect, an Internet connection must need to complete the procedure. But with the web connect, the file can be imported to QB without an Internet connection.

Occurring Errors with Credit Card or Bank Account in the Company File-

Slight account damage may cause issues while doing online banking. There is certainly no damage, but the account or online banking connection needs to be refreshed in QB.


Errors with the format of the File Imported or Downloaded-

This may be related to errors with the bank or the version of QB that you are using.

Unverified system or QuickBooks version-

One of the top rated services that would prevent when a QB version is discontinued in online banking. You may receive one of the most important OL or OLSU problems in this case, but most possibly, this is a message that “QuickBooks is incapable to confirm the financial institute details for this downloading procedure.

To separate what is causing the error, verify the following before proceeding with further troubleshooting instructions: -

The firewall and internet security settings permit QB to perform the task. Also check properly that they are up to date.

You should confirm that QB was updated to the new release.

Attempt logging into your bank’s website outside of QB. An incapability to login may mean that the bank is facing an outage.

Switch to classic or register mode, and check whether the error continues. The capability to download or import while in this mode having a latest change in the format.


Still, if you’re having the complexities with these errors, you should call QB experts through QuickBooks support phone number available round the clock. Online professionals are extremely experienced in guiding you step by step for any difficulty. They are well aware of all the functions of QB, an accounting software. So, you should remember all these things ever.

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Created on Jan 10th 2019 23:16. Viewed 420 times.


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