QuickBooks is unable to verify the financial institution information for this download

Error – QuickBooks is unable to verify the financial institution information for this download or Error OL-222. If you come across this error when a QuickBooks user is trying to exchange information from his financial institution i.e. Bank. You get an error while providing the Banking Information when trying to import the WebConnect files in QuickBooks to establish Bank feeds.

QuickBooks is unable to verify the financial institution information for this download

The notification message or error looks like the above image. This error is very common when your Bank does not accept the information provided in QuickBooks and gives you ‘QuickBooks is unable to verify financial institution for this download Error‘. QuickBooks cannot receive files from the bank or they are incomplete which as a result gives you this error.

Reason Behind This Error

When you see QuickBooks is unable to verify the financial information for this download error during the QuickBooks financial exchange. The root cause of this issue can be determined by rectifying the information provided in QuickBooks and by also checking with the financial institution. Sometimes this error pops out due to updates or services being deactivated from the bank. There are other reasons that can result in this error as follow:-

  • Incorrect Financial Information
  • Bank ID not activated
  • QuickBooks is not updated
  • Default Browser not updated
  • QuickBooks company file damaged

Before Using This Solution

  1. Download & Install Latest QuickBooks Updates from the Update center
  2. Update Internet Explorer to the latest release
  3. Create a Backup of your QuickBooks company file

How to Fix Unable to Verify financial Institution Error for this download Error

Solutions to fix QuickBooks is unable to verify the financial institution error for this download in easy troubleshooting steps are as follow:-

Solution 1- Update Financial Institutions Directory

You need to update your Financial Institutions Directory (FiDir) manually or automatically in QuickBooks Desktop to ensure you have the latest information from your Bank.

Automatic Update

  • Open QuickBooks Desktop
  • Navigate to Banking
  • Choose Bank Feeds
  • Click on Bank Feeds Center
  • Click on Refresh account or sync all for this bank among the below options

Manual Update

  • Navigate to Start & Type fidir.txt and click on ok
  • Default FiDir file location for Pro/Premier & QuickBooks Enterprise

Enterprise – C:\ProgramData\Intuit\QuickBooksEnterpriseSolutions XXXX\Components\OLB\branding\filist

Pro/PremierC:\ProgramData\Intuit\QuickBooks XXXX\Components\OLB\branding\filist

  • Rename the Financial information directory file format from .txt to .old and save
  • Now download & save the latest file for your QuickBooks version from the financial information directory according to the version info.
  • Move the downloaded file to the FiDir Folder location in your system and save it as a fidir.txt file.

Solution 2 – Download & Review the WebConnect File

Go directly to your bank website and log in to your banking accountant. Download the WebConnect file in .qbo supported format. Import the .qbo to the QuickBooks desktop and check if you are able to do that. If any error occurs you need to review the .qbo file.

Review WebConnect File For Errors

  • Download the .qbo file from your bank and open it with Notepad
  • Remove invalid characters, signs, and other strings for example

<John>Point of Sale Withdrawal JKSLD &#7192″;
<John>Point of Sale Withdrawal JKSLD

  • Ensure there are no missing tags or information in the file for example
  1. Head Tag
  2. End Tag
  3. Length of the Characters
  4. Incorrect Tags

Review Bank ID Number

The very common reason QuickBooks is Unable to verify financial institution information for this download error is when the Bank ID gets rejected due to incorrect information provided.

Download this Financial institution directory file and find out the 5-digit Bank Information Identification number for your Bank.

BID Information Directory 2023 US

QuickBooks is unable to verify the financial institution information for this download

Click & Paste on your address bar – https://ofx-prod-filist.intuit.com/qb2900/data/fidir.txt?_ga=2.233327577.676883500.1651908632-1077832541.1651908632

  • Locate your 5-digit BID number by finding your Bank Name using CTRL+F.
  • Save the .qbo file with the correct BID number.

After these steps import WebConnect File (.qbo) in QuickBooks.

Switch Banking Modes

  • Open QuickBooks, Navigate to the Banking option
  • From the Bank Feeds dropdown, choose Change Bank Feeds Mode
  • Switch to Classic Mode
  • Check if you still see the error when importing information from the financial institution


After performing these steps, hope you will be able to repair QuickBooks is unable to verify the financial institution for this download error. If in case you need assistance and the troubleshooting steps do not help. Contact QuickBooks error support experts at +1888-727-4587 to help you fix this banking error.

QuickBooks Web Connector QBWC

What is QuickBooks Web Connector

QuickBooks Web Connector which is also known as QBWC or the executable name as QBWebConnector.exe. QuickBooks Web Connector is a windows application packaged by Microsoft to improve the third-party user experience for QuickBooks users. QuickBooks Web Connector is responsible for exchanging data between web-based applications and QuickBooks desktop products like QuickBooks Pro, QuickBooks Premier, QuickBooks enterprise & QuickBooks point of sale.

Working Of QuickBooks Web Connector

QuickBooks web connector

QuickBooks web connector implements the Simple Object Access Protocol (SOAP). It supports passing QBXML & QBPOSXML between a web application and QuickBooks. The set of methods that are used to integrate web applications with QuickBooks is called QB Web Connector WSDL.

Reach out to QuickBooks POS Support If need help understanding the working of QBWC 2023

QuickBooks Web Connector Program Details

Name: QuickBooks Web Connector (QBWC)
The latest Release of the QuickBooks web connector program is
Support for QBWC: QuickBooks 24/7 Support Phone Number +1888-727-4587
Installation folder: C:\Program Files\Common Files\Intuit\QuickBooks\QBWebConnector\
Uninstaller: MsiExec.exe /I{32199E94-CA76-4BA8-B0B6-76A856A5DA98}
File Size: 10.67 MB
Size On Disk: 75 MB
Download Link: Download QuickBooks Web Connector

How to Install QuickBooks Web Connector

Ensure the presence of .qwc file before installing Web Connector on your machine. Follow the provided steps to install the QuickBooks Web Connector in your system.

  • Download the web connector installer or setup from the link above in the program details
  • Unzip the setup file and run QBWebConnector.exe file
  • Check all the positive options to complete the installation of the QuickBooks web connector
  • Installation of QB web connector will also install necessary elements that are required to run QBWC

How to Uninstall QuickBooks Web Connector from the system

Before uninstalling the QuickBooks web connector from your computer, save the .qwc file from your third-party service provider.

  • Press the Window + R key simultaneously, the RUN window will pop out
  • Then type Control panel or appwiz.cpl to open the installed applications window
  • Locate the QB web connector and right-click on it
  • Select Uninstall
  • If you cannot locate the QuickBooks web connector, go to program files to locate QuickBooks Web Connector in QuickBooks program files and remove it.

How to Add an Application to QuickBooks Web Connector

Follow these steps to add an application to the QuickBooks web connector tool:

  • Run your web connector as an administrator
  • Click on Add an application
  • Browse .qwc file for the third party program that you want to install
  • Choose the file and select open

How to Stop Web Connector From Launching If not Required

If you are not using any third-party web application that requires the web connector on the system, follow these steps to remove the QB web connector from the Windows startup group,  when you start your computer.

For Windows 10 & 8

  • Press Windows + R simultaneously to open the Run window
  • Type shell:startup & select ok

For Windows 7

  • Click the Windows start button and click on All Programs
  • Select the startup from the program list

Right-click on QB Web Connector
Select the Delete option and confirm the removal of the shortcut of the QuickBooks web connector

Get Help When Starting With QuickBooks Web Connector

If you are having trouble with the QuickBooks web connector in your QuickBooks desktop & need technical assistance. Get in touch with the QuickBooks support experts on QuickBooks support phone number USA +1888-727-4587. Troubleshoot any kind of query with QuickBooks via secure remote assistance by Intuit-certified QuickBooks experts.