Quickbooks helps all small and medium sized businesses in their accounting tasks and also helps in maintaining the company files and records etc. However at times, you may face an issue where Quickbooks is unable to verify Financial institution Error. And, this happens when Bank ID is not properly entered or if the program does not recognize the ID code.

What is Quickbooks is unable to verify Financial institution Error?

1. If Quickbooks is almost three years old then it will not be able to import .QBO. It will then require you to update Quickbooks to the latest release or you can use Bank2IIF or CSV@IIF converters. 

2. If your bank account or credit card company is no longer authorized by Quickbooks. In this case you can use Bank2QBO.

3. .QBO file would have been built from CSV or excel by the third party software.  

Some of the ways to fix QuickBooks is unable to verify the Financial institution Error:

You can fix this error by the below given steps: 

1. First, open the Quickbooks online file in Excel or in the notepad. 

2. You have to select the tab of ‘20-2002’.

3. Now you have to change the last four digits to 3000.

4. Then save this file and click Upload file in Quickbooks.

You must now be able to fix Quickbooks unable to verify Financial institution errors. If you are facing any issues in resolving Quickbooks is unable to verify Financial institution  error, you can reach out to our expert Quickbooks Enterprises support pro advisor at +1-888-485-0289.