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QuickBooks users can easily access their bank feeds and use online banking directly in the software. Unfortunately, they have sometimes come across QuickBooks Error 103 when they sign in to the bank account or download recent transactions. If you also face this banking error on your QB, this blog will help you understand why the error develops and the measures you can take against it.

Reach out to our QB support team at 1-855-738-2784 for troubleshooting assistance to resolve the error.

Possible triggers for error 103 in QuickBooks

You’ll run into this error while signing in to your bank account or updating the banking data during accounting tasks in QB. The causes for the development of this banking error in QB are discussed below-

1. You selected the incorrect bank or financial institution in your QuickBooks.
   

2. The account credentials you use to sign in to the bank account are incorrect, which is why the bank servers fail to authorize your login.
   

3. The QBO bank file is damaged, and the software develops issues when downloading the recent transactions using the file
   

The correct method to remove QuickBooks error code 103

You cannot use online banking efficiently as you’ll face problems accessing your banking feeds after this error emerges. The technique that’ll help you tackle the banking error is mentioned below-

Solution- Update the new account credentials in your QB

QuickBooks will fail to authorize your sign-in to the bank account if you choose an incorrect bank or enter incorrect account credentials. There’s a possibility that you changed the account sign-in info but didn’t update it in QuickBooks. The software will display this error code whenever it tries accessing your bank account with the previous credentials and fails to do so. You must check that the account details you entered in QB are correct by accessing your bank account outside QB. Refer to these steps-

1. Launch your system’s web browser and navigate to the bank's official website.
   

2. Go to the sign-in page and enter the credentials you used in QuickBooks.
   

3. If you can sign in to your bank account here, the problem might be with your bank file.
   

4. In case you run into errors accessing the bank account, click the Reset Password option.
   

5. Create a new password for your bank account using the registered email and the instructions given by your bank.
   

6. Sign in to the bank account using the new credentials and visit the transactions page.
   

7. Download the bank file in .qbo format.
   

Once your account password is changed, you need to update it in QBO to ensure the software accesses your bank account with the correct details. You need to apply the following steps to update your account details in QBO-

1. Click the Banking option in the left panel of your QB.
   

2. Single-click the account that causes this error and tap Edit.
   

3. Click the Edit sign-in info option and tap Update after entering the new account details.
   

Conclusion

We are now at the completion of this blog, aiming to share the reasons for QuickBooks Error 103 popping up while accessing a bank account. The methods needed to get rid of issues during online banking are also given in the blog, and we hope you use them to run your QBO flawlessly.

Speak to our QB support team at 1-855-738-2784 to rectify the problem you face while using the solutions.