QuickBooks is a popular choice amongst accounting software with user-friendly features, ease of use and top-notch technology. However, sometimes rare errors cause unwanted interruptions that disrupt the work-pace. One such issue comes while importing ‘.QBO file’ into QuickBooks with an abrupt message saying ‘QuickBooks is unable to verify financial institution information for this download’.
Generally, the error happens when QuickBooks does not accept a specific bank ID. There might be several other reasons that might give you this error, and this blog will tell you the possible causes and solutions to tackle this error with ease.
It is recommended to open QBO file in Excel or Notepad before importing QBO into QuickBooks. Follow the below steps to complete this process.
In the next section, we will understand how to resolve the issue immediately through some easy solutions.
Note: You can keep changing the affected Bank ID number in QuickBooks Online to any other known or recognized QuickBooks Number.
Below given is a temporary fix for this error. Let’s have a quick look at it.
Look for the fidir.txt file. The file is available in the folder that is placed first.
Run the file in the ‘Notepad.’
Browse to this path- C:\ProgramData\ intuit\ Quickbooks 20XX\components\ OLB\branding\filist
Browse to this path- C: \Documents & settings\ All users\ Application data\intuit\QuickBooks 20XX\components\OLB\ branding\ filist.
The above solution is a temporary solution to correct the issue ‘QuickBooks is unable to verify the financial institution.’ It should solve the problem in most cases though temporarily. If you are looking for a permanent solution, get in touch with a technical expert at QuickBooks Technical support number 1.855.365.6O12.