QuickBooks is unable to verify the Financial Institution

Every time you use QuickBooks, if you are an avid user, you realize how useful and reliable the software is. It tends to help you in several ways, gives you a great time to handle accounting, financing, and bookkeeping work seamlessly. But, just like any other software, you are prone to witness common errors and complications when using the software. One of the very stubborn errors that might disrupt you from doing financial activities on the software is, ‘QB not able to verify financial institution information.

You will also see an error that says, please try again later, and it will trouble you again! This error might have popped up when you were providing your Ban ID. The problem occurs usually when QuickBooks doesn’t have accepted a specific Bank ID. In this article, let us discuss the exact causes and the solution to fixing this error.

What are the Reasons for the Error to occur?
This error arises especially when QB accounting software doesn’t accept any particular Bank ID that you have input in the information.
The error is surely going to take a toll and affect the productivity of both employees along with the employer.
If not fixed, you will see yourself wasting a lot of time, and energy dealing and handling the challenges that it offers later. An immediate solution to fixing it is necessary and QB has gained massive importance in the past.
With too many features overloaded and provided by the software to the user, having to deal with glitches and errors is quite common.
The solution to Fix It | QuickBooks Services
Sometimes, even QuickBooks users will be facing issues like these on a common basis. When you seem to witness an error like this, you should reach out to a QuickBooks support staff. They will be able to give you a better understanding.

If you receive the error of a financial institution, you can fix it by altering the affected Bank ID, one that you are trying to provide & one that the QB is unable to recognize. The reason for the Bank ID not to be found can be many and is fixable.
Read more about: “How to Download QuickBooks Tool Hub”
Open QB online files in your notepad and excel and follow the steps mentioned below.
Follow the steps mentioned:

Select the ’20-2002
You can change the last 4 digits and make it to anything, for example, ‘3000’
You can save the file that you have changed the digits for and this can be done using the keyboard or a mouse.
These changes will be preserved if you do it that way.
Now, you can upload the same file in your QuickBooks.
Another Solution if the problem Arise
Browse for the fidir.txt file.

This is the file present in the folder that will appear first.
You can run this file on your notepad
If you are a Windows 8/7/Vista users
You need to browse and do the following action in the location or the data path that is C:\ProgramData\…\filist.
Now, if you are a Windows XP user
You need to browse and do the following action in the location C:\Documents and Settings\…\filist
The further steps are common that says,
Browse for your bank’s name in the MB financial
You will be required to note down the 4 sets of numbers of your Bank ID that will be visible on the screen
Now, you can open your QuickBooks online file through the notepad and then locate , .
Now, if you wish, you can alter the numbers that are highly visible to you near the characters, with which of the numbers are associated with the FIDIR.
Apply the necessary changes that you wish to make
Now, you can open your QB company file and transfer it
Following the above steps will help you get rid of the error. You need to be very careful and follow each of the steps that are mentioned here. If you are facing any sort of difficulties, you can always reach to a QB support staff. They will be able to help you navigate and follow a proper way of getting rid of the error. It is the error that occurs only when you open a Bank ID that QB seems to not find easily.


Now that you are fully aware of how to take care of the error that is ‘unable to verify your financial institution, please try later’ You can follow the solutions above and enjoy a good time using the software. There will be times where you will be caught up with errors while using the software, but Intuit provides amazing ways to get rid of them. You need to know that this feature-loaded software may come across some glitches, but they are recoverable!

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