How to Resolve the QuickBooks Online Error 101 – Banking Connection Error?

Encountering QuickBooks Online Error 101 while connecting to your bank? This error typically occurs due to problems with web-based applications such as Java, Flash, or the .NET framework, and can disrupt QuickBooks Desktop operations. It may also stem from issues with Windows components. If your system is showing this error and blocking access to QuickBooks, refer to our detailed guide. We cover all aspects of QuickBooks Online Error 101 and provide steps to resolve it, ensuring you can get back to managing your business smoothly.

What might be leading to QuickBooks Online Error 101?

Underneath are all the probable reasons that may give rise to QuickBooks Error 101. Mainly, you face this issue while connecting the bank account and downloading the bank feeds.

To know additional causes, check out the following list:

• When you are unable to run the .NET framework, ActiveX, Flash, and Java due to Windows failure, it may lead to the error 101.
• Because of outdated Windows components such as ActiveX controls and Microsoft .Net framework.
• You may also face QuickBooks Online Banking Error 101 due to disabling script debugging.

A poor internet connection may also cause the same issue.

How to Deal with QuickBooks Online Error 101?

One of the following methods will surely help you in resolving QuickBooks error 101. To get additional information, you may contact our QuickBooks experts. Now, you may proceed to apply the following methods one after another.

Follow the step-by-step information given below:

Method 1: Turn on TLS 1.2 and Modify Encrypted Page Settings

To enable TLS 1.2, go to the Advanced tab, check the TLS 1.2 box, unmark ‘Do not save encrypted pages,’ then click Apply and OK to save changes.

1. The first step is to choose the Advanced tab and go to the TLS 1.2 box.
2. After that, you need to mark TLS 1.2.
3. Search for the ‘Do not save encrypted pages’ option and unmark it.
4. Finally, choose the Apply option and then click Ok to save the recent changes.

Method 2: Check the Internet Connection on your PC

Check your internet connection, launch a browser and visit a website. If unstable, update Internet Explorer, set it as your default browser, and reconfigure it through the Help menu. Select “Use my Computer’s Internet Connect Setting,” click Next, then Done. Finally, reset QuickBooks updates.

1. Initially, you need to launch the browser along with the website.
2. After that, check whether the internet connection is stable or not. If not, you will get to know about it.
3. After checking the internet connection, you have to update Internet Explorer.
4. Make sure that the Internet Explorer has been set as the default browser.

After checking the internet connection, you are required to reconfigure it. Here are the steps to do the same.

1. Firstly, choose the Help menu and click the Internet Connection Setup tab.
2. And then, select the “Use my Computer’s Internet Connect Setting” option.
3. Click Next and then choose Done to initiate the procedure.
4. At last, you need to reset QuickBooks updates.

Method 3: Verify your Financial Institution

How to verify your financial institution, go to the “Banking” tab, select “Add Account,” ensure the financial institution’s name is correct, choose the bank, and click the link to the bank’s website.

1. First of all, choose the “Banking” tab.
2. After that, you need to select the Add Account option.
3. Make sure that the financial institution’s name is connected to the bank account.
4. And then, choose the respective bank.
5. Lastly, click on the link to the associated bank’s website option.

Method 4: Add and Connect your Bank Account

Add and connect your bank account, select “Transaction,” then “Banking,” click “Add Account,” choose your bank, follow the instructions, and check if QuickBooks Banking Connection Error 101 persists.

1. The first step is to choose Transaction.
2. Next, click on the Banking option.
3. Click the “Add Account” option.
4. Select your respective bank and then follow the ongoing instructions to connect the account.
5. Finally, check whether QuickBooks Banking Connection Error 101 is occurring or not.

Method 5: Update the Date and Transaction

How to update the date and transaction, click the Banking tab, unmark unnecessary accounts, select the update option, enter MFA credentials, choose “Continue Update,” and verify that the update was successful.

1. Initially, click on the Banking tab and then unmarked the unnecessary accounts.
2. After that, select the update option and enter the Multi-Factor Authentication (MFA) credentials.
3. Now, choose the Continue Update option.
4. After completing the update process, a notification will pop up on the screen.
5. At last, ensure that you have successfully updated the date & transaction.

Get Expert’s Help!

Positively, the post has included all the simple and quick fixes to resolve QuickBooks Online Error 101. If you have applied all of the above-mentioned solutions but still facing the same issue, it is advised to contact one of our QuickBooks experts. We have a team of certified and experienced QB technicians who may help you in fixing every issue associated with QuickBooks.

Frequently Asked Questions

What is QuickBooks Online Error 101, and why does it occur?

This is a common type of error in QuickBooks Online. It is a banking connection issue that occurs when QuickBooks Online has a problem connecting with a secure connection with your bank or financial institution.

QB Bank Error 101 can occur for a variety of reasons, including incorrect login credentials, outdated browser settings, or issues with the bank’s website or server. This error can prevent you from downloading your transactions or reconciling the bank account in QuickBooks Online.

How can I fix QuickBooks Online Error 101?

Depending on the specific cause of QuickBooks Online Error 101, you can take several steps to fix it.

Here are some of the common solutions to fix this error including:

• Verifying your bank login credentials, 
• Trying a different browser, 
• Updating your browser settings, 
• Clearing your browser cache and cookies 
• Anti-virus software, 
• Temporarily disabling pop-up blockers, 
• Contact your bank to resolve any issues with their website or server.

Additionally, you can disconnect and reconnect your bank account in QuickBooks Online to refresh the connection.

How can I prevent QuickBooks Online Error in the Future?

Users can take several steps to stop this error in the future, which are as follows:

• Ensure your bank login credentials are up to date and accurate, 
• regularly clearing your browser cache and cookies, 
• using a supported and up-to-date browser, 
• temporarily disabling pop-up blockers 
• Or anti-virus software, 
• Keeping QuickBooks Online and your browser up to date. 

Additionally, it’s a good idea to check for any alerts or notifications from your bank regarding system updates or maintenance that may affect your connection.

Disclaimer: The information outlined above for “How to Resolve the QuickBooks Online Error 101 – Banking Connection Error?” is applicable to all supported versions, including QuickBooks Desktop Pro, Premier, Accountant, and Enterprise. It is designed to work with operating systems such as Windows 7, 10, and 11, as well as macOS.