With the help of the online banking features in QuickBooks, it becomes easier for businesses to handle their bank-related tasks. But, sometimes, while accessing online banking, users suddenly start receiving QuickBooks Error 101. This issue mainly occurs when users use an invalid bank account to conduct online banking. Whenever this error appears, the following error message comes into view, stating, “Looks like the connection to the bank – Business Online Banking isn’t available right now. Try again in a few hours. (101).”
If you also witness bank error 101 in QuickBooks Online, then there’s no need to worry. Read this post attentively and learn about the causes of this error and the quick fixes.
Does QuickBooks Error 101 cause problems when downloading the latest bank transactions? Immediately dial +1-866-500-0076 and get in touch with our QB professionals to find the best solutions to rectify the issue.
Why Do Users Get Error 101 in QuickBooks Online Banking?
Error 101 in QuickBooks Online Banking often occurs due to issues on the bank’s side. There might be the possibility that the banking server is down or the bank is going under maintenance. Apart from this, several other factors might have caused this issue. Let’s study about all of them.
• Use the incorrect login credentials to sign in to your bank account.
• Disruption with the network connectivity might fail to establish a connection with the bank account.
• You are using the older version of ActiveX, .NETFramework or Java applications.
• Windows Firewall or any third-party security applications is interrupting QuickBooks from accessing the server.
• The Internet Explorer settings aren’t configured accurately.
Know How to Rectify QuickBooks Error 101 in Online Banking Smoothly
Once you know the actual causes behind the QuickBooks Error 101 in Online Banking, let’s find the best ways to overcome it. Go through the possible solutions below and continue online banking without hassle.
Solution 1: Verifying the QuickBooks Online Banking
Sometimes, the users might result in QuickBooks Error 101 due to the problems arising at the end of your bank. Therefore, to fix the issue, let’s have a quick glimpse at the solution below.
Step 1: Log in to your Bank Website
You must try login to your bank website by opening it in a new tab. Otherwise, you can use any other web browser like Microsoft Edge, Firefox to login to your bank website.
Step 2: Testing if Your Bank Account is Active
Next, to identify that the bank account you are using for online banking is active you must have existing balance. Else, your bank account is active if you have done the transactions from the last 12 months.
However, if you spot that you have an active bank account but still fails to login to your bank’s website, immediately contact to your bank.
Step 3: Searching For The Missing Notifications
The users must go back to their bank’s website ad begin searching for the messages received from their financial institution that requires confirmation. Thereon, you must acknowledge the mail and refresh your online bank account.
At last, if you see that you are still confronting QuickBooks Error Message 101, try login to your bank account through the incognito window.
Solution 2: Linking the Transactions in QuickBooks Online Manually
If you still have QuickBooks Error 101, then you must try uploading the bank transactions manually. Perform the following steps closely to add the transactions easily.
• Primarily, move to the Transactions menu and then opt for the Bank Transactions option.
• Afterwards, ascertain that the blue tile next to the account you wish to upload the transactions is chosen.
• Now, hit the Link drop-down menu arrow to choose the Upload from file option.
• Thereon, you must tap on the Drag and Drop or select the Files tab and then pick the file you downloaded from your bank.
• Next, hit the Continue tab and click on the QuickBooks Account drop-down arrow to select the account in which you wish to upload the transactions.
• Furthermore, act according to the instructions given on the screen to tally with the columns on the file with the relevant fields in QuickBooks.
• You must choose the transactions that you wish to import and then move on to the Continue tab.
• Once you have done with the changes, hit the Yes tab for confirmation.
Solution 3: Thoroughly Review and Organize Your Downloaded Transactions
• In the first place, browse to the Transactions option and then opt for the Bank Transactions.
• Afterwards, you must choose the account you wish to review from the list.
• Thereon, tap on the For Review tab.
The users will notice that QuickBooks sends the downloaded transactions to the For Review tab. Later, they will begin organizing every transaction one after the other.
• If you notice that the transaction asks you to add, then pick any one of the options.
◦ Hit the Add tab if you notice that the suggested category is appropriate.
◦ Otherwise, you can also modify the category by clicking on the drop-down menu list or inserting a new one.
• On the other side, if you observe that the transaction is already available in QuickBooks, you can tally or view the matches.
Solution 4: Do the Necessary Modifications To Your Internet Connection Settings
Verifying the internet settings is necessary to link the QuickBooks application with your bank server and import the transactions. To do this, follow the following step-by-step instructions.
• First of all, open the QuickBooks Online application and then hit the Help menu.
• Afterwards, you must opt for the "Use My Computer’s Internet Connection Settings" tab.
• Thereon, move further by clicking the Next option and then taping on the Finish tab to implement the changes.
• Finally, try to update the bank feeds and see if QuickBooks Error Code 101 occurs.
Taking Everything Into Consideration!!
We hope that now you can easily use the online banking feature without confronting QuickBooks Error 101. It also lets you download the latest bank transactions without any discrepancies. Furthermore, if you still require assistance, you can contact our QB professionals for quick resolution.