QuickBooks Bank Error 103 – Fix in 5 Methods

Have you ever encountered an error while banking online with QuickBooks? If you answered yes, you are experiencing QuickBooks error 103. When online login information does not match the bank’s website or when a bank rejects your login request, an error occurs.

In this case, you will need to change your QuickBooks online credentials. After this update, you will be able to access the website. In this post, we will go into more detail about the causes of the error and possible solutions.

What is error code 103 in QuickBooks online?

QuickBooks online error 103 may occur if your banking institution does not accept the credentials you entered. In this case, the software will stop accepting login requests and you will need to change your information.

To avoid having your banking access restricted, you will need to change your credentials in QuickBooks Online. There are several possible causes for online error 103. Let us now examine all the probable reasons.

Why does QuickBooks Online Banking Error 103 occur?

First of all, you should find out the exact reasons for such an error. This will help you to find the exact solution for it. The main causes of error code 103 are listed below:

• You may have entered incorrect credentials when connecting to your banking institution.
• You accidentally selected the wrong banking institution.
• If you are currently connected and have updated your bank’s credentials. If so, you will need to edit this information in QuickBooks Online. Otherwise, the error will display.
• Another explanation could be a lack of cookies.
• The hardware setup is not operational due to an authorization error.
• Error 103 occurs due to errors in the .msi file.
• There may be problems with the QuickBooks settings.

What are the Methods to Rectify QuickBooks Error Code 103?

We have seen the possible reason why this particular problem occurs. Having learned the same, we can move forward on the methods you can implement to solve the issue. 

1. Check your Credentials

Wrong login information may trigger this error. Users can implement these steps to verify their credentials.

• In the error message that appears, click the Verify your credentials link.
• When you click this link, a new window should open for you to enter your credentials.
• Disable AutoFill in the browser and enter your username and password manually.
• Now exit your banking institution’s website.
• Return to QuickBooks Online and enter your credentials exactly as you did on the bank’s website.
• Click Update Credentials to finish.

After you have started this procedure, you will need to change your bank’s credentials and evaluate how effective this solution is in fixing QuickBooks Error Code 103. Continue with the next step, if the problem keeps occurring.

2. In QuickBooks Online, update your bank’s credentials.

QuickBooks bank credentials allow you to link your bank accounts and import transactions automatically.

• From the menu on the left.
• Select Banking.
• Click on the pencil icon that shows the edit option for the account.
• Select edit credentials now.
• At the top of the window, click the hyperlink that will take you to the bank’s official website.
• Your banking institution’s website will now open in a new window.
• Finally, make sure that you can view accounting information such as history, summary, and details so that you can access your account via the Internet.

After updating the bank’s credentials, check the status of the QuickBooks 103 error, and if the problem persists, carefully follow the option below to add an account for a new connection.

3. Create a new account for a new connection

QuickBooks makes it easy to create a new account for new connections. With a few simple steps, you can create a new connection and manage your financial transactions.

• Select Transactions and then Banking.
• On the Banking page.
• Click the Add Account button.
• Now type or paste the bank’s URL into the search window.
• Among the matching results, you should see the “New connection with a different login” option.
• Manually enter your credentials to access your bank’s website.
• Tap Connect to link your QuickBooks account to your bank account.

If you cannot find the appropriate bank website, you will need to repeat the entire process until you can successfully log in to your account.

After carefully following the above steps, click OK to fix 103 error in QuickBooks.

4. Unlink existing account

If you have created a new account, you need to disconnect all previous accounts by following the instructions below:

• First, select Transaction, followed by Banking.
• Select the account you want to lock or unlink.
• Now click on the pencil icon to select the Edit option.
• To continue, click on Edit account information.
• When the troubleshooting is complete, check the box next to Disconnect Account and then click Save.

5. Fixing QuickBooks bank details error 103 for self-employed people

QuickBooks Self-Employed Error 103 occurs when connecting a bank account. Fix by checking login credentials and updating financial institution information.

• First, select the Reconnect option that appears in the problem message. 
• You will have to enter the username and password manually.
• Then click the Update credentials button.
• Now proceed with the procedures below to validate the bank details:

1. Look for the URL of the bank’s login web page or the URL you get after logging into your bank account.
2. Search for a bank with the URL you use to access your bank account. Experiment with all possible results by dropping certain strings from the URL. Keep your eyes open until your search is complete.

• If the QuickBooks Online Bank Error 103 occurs at your primary bank, you will need to log into your account through the bank’s website and use the methods listed below to verify that a third party has access:

1. Select Security Center from the Self-Service menu.
2. Then, under Business Tools, select Manage Security. You should now be able to see third-party access.

The above troubleshooting methods with QuickBooks error 103 will alleviate the suffering of the program users. Moreover, the above measures are straightforward.

Make sure that you have performed the solutions with utmost care and attention, that the password is correct and that it has been entered manually.

Frequently Asked Questions (FAQs)