QuickBooks Error OL-205: Causes, Symptoms, and Easy Fixes
- ochre5
- Jun 18
- 2 min read
QuickBooks is a trusted financial tool for managing banking, accounting, and payroll. However, users often face connectivity errors when linking their bank accounts, and QuickBooks Error OL-205 is one of them. This error typically occurs during online banking or while updating bank feeds and can prevent QuickBooks from connecting with your financial institution.
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What is QuickBooks Error OL-205?
QuickBooks Error OL-205 usually appears when there’s a communication issue between your QuickBooks software and your bank’s server. It often occurs during online banking activities like downloading transactions or refreshing bank feeds.
Error message example:
“QuickBooks is unable to complete the request. OL-205.”📞 Call Now: 855-749-2321
Common Causes of OL-205 Error
Here are a few reasons this error may appear:
Bank server downtime or maintenance
Incorrect bank login credentials
Outdated version of QuickBooks
Corrupted company file or bank feed configuration
Changes in your bank’s services (e.g., new web connect format)
Read Also - QuickBooks Error OLSU 1014: Causes, Fixes & Expert Help
Symptoms of OL-205 Error
QuickBooks fails to update or download transactions
Online banking stops working
Error message OL-205 appears repeatedly
Sluggish performance during bank updates
How to Fix QuickBooks OL-205 Error
Here are some tested solutions to help you resolve the issue:
1. Update QuickBooks to the Latest Release
Open QuickBooks.
Go to Help > Update QuickBooks Desktop.
Click Update Now and select Get Updates.
Restart QuickBooks after the update completes.
2. Verify Bank Login Credentials
Try logging into your bank’s website outside QuickBooks. If the login fails, reset your credentials or check for bank notices.
3. Check for Bank Server Issues
Visit your bank’s official website or contact support to check if online banking services are temporarily down.
4. Switch to Classic Mode for Bank Feeds
Go to Edit > Preferences.
Select Checking from the left pane.
Go to the Bank Feeds tab.
Select Classic Mode (Register Mode) and click OK.
5. Create a Test Company File
Creating a test file helps identify if the issue is with your company file or the bank itself.
Go to File > New Company.
Name it “Test”.
Try setting up the same bank account.
If it works here, your original company file might be damaged.
Still Facing Issues?
If none of the above methods work, the problem may require deeper troubleshooting—such as file repair, advanced bank feed reset, or coordination with your financial institution.
👉 Call QuickBooks Error Support at 855-749-2321 for immediate assistance from certified experts.
Final Thoughts
QuickBooks Error OL-205 can be frustrating, especially during financial reconciliation or tax season. Thankfully, most issues can be resolved with a few troubleshooting steps. Stay updated, double-check your bank credentials, and don’t hesitate to seek professional help if needed. Free Diagnosis: 855-749-2321
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