QuickBooks deals with all your accounting and financial needs properly. You can comfortably link your Bank Account with QuickBooks application. However, at times, you may notice that QuickBooks is unable to verify the financial institution. This usually takes place in two cases. Firstly, if Bank ID inside QuickBooks is not fed properly and secondly if the program is not able to recognize the ID code.
When you import a .QBO file into QuickBooks, you will probably get a message stating “QuickBooks is unable to verify the financial institution information for this download”.
Now the question is, why would QuickBooks send such a message and the possible reasons are therefore mentioned below.
Now, before following the resolution mentioned below, it is important that you follow the steps carefully. This will help ensure that prior to importing QBO file in your QuickBooks application; it should be opened either in Microsoft Excel or notepad of your PC.
Also Read: How to Fix QuickBooks Company File Data Damages?
In case your .QBO file belongs to a US bank, and you are trying to import it on QuickBooks Canadian edition. Also, it may be that your .QBO file is from a Canadian bank and you are trying to import into QuickBooks US edition. Use Bank2QBO to make your .QBO file importable into QuickBooks.
Given below is the method of how you can resolve your issues easily. However, note that this is only a temporary solution.
1: Browse for the fidir.txt file. This file is present in the folder that appears first.
2: Run this file in notepad.
For Windows 8/7/Vista users
3: Browse for the following location or the data path, C:\ProgramData\…\filist.
For Windows XP users
4: Browse for the following data path,
C:\Documents and Settings\…\filist
5: Browse for the bank’s name MB Financial.
6: Now, change the numbers that are visible near the characters with the numbers that are associated with FIDIR.
7: Apply the changes that you make.
8: Open your QuickBooks Company file and transfer it.
By following the above steps, we hope you were able to resolve your issue although temporarily but easily. If you are stuck anywhere throughout the steps, connect with our experts at QuickBooks help number. (Toll-Free).
If you ever feel the need of taking advice from your fellow business owners that happened to be our existing subscribers, you can visit our thriving QuickBooks Community.