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How to Troubleshoot QuickBooks Error OL 205?

Ronnie Holt
How to Troubleshoot QuickBooks Error OL 205?

An accounting program called QuickBooks helps you connect to the bank and download online QuickBooks transactions. It is most widely used by small and medium-sized organizations. Even individuals with less account knowledge can benefit from it. However, while working with QuickBooks, you may encounter several problem codes; one such error number is QuickBooks error OL 205. So, after reading this post, you will learn everything there is to know about this error and be able to fix QuickBooks error OL 205.

What is Error OL 205 in QuickBooks?

While updating accounts to download the new bank transaction into QuickBooks software, the problem OL 205 for QuickBooks appears. The temporary bank could be to blame for this issue.

This error may be brought on by a momentary bank server outage or by data integrity problems in a company file. If you find yourself in such a situation, you must resolve the situation as soon as possible. You should first understand the causes of this error before moving on to the solution.

You may also like: How to Fix QuickBooks Error Code 176?

The Causes of the QuickBooks Error OL 205

  • This issue may be caused by erratic internet connectivity.
  • In the event that the QuickBooks software is out of the current.
  • When the servers or bank website are in maintenance mode.
  • When internet banking is not supported by the version of QuickBooks you are using.
  • If you're using Internet Explorer or another out-of-date web browser.
  • When the imported or downloaded formats are incompatible.

How to Fix the OL 205 QuickBooks Error?

Method 1: Enable TLS 1.2 security protocol

  1. To open the Run command, you must first press the Windows + R keys simultaneously.
  2. After that, enter Control and press the OK tab.
  3. Next, choose Network and Internet before going to the Internet Option.
  4. Select the Advanced tab right now.
  5. Visit the Security Section next.
  6. Additionally, make sure Use TLS 1.0 is ticked and Use TLS 1.2 is selected.
  7. Finally, press Apply and then the OK tab.

See Also: How to Fix the QuickBooks Error Code C 1327?

Method 2: Attempt to restart QuickBooks' bank connection.

  1. First, pick Chart of Accounts under the Company option.
  2. Next, select the Include Inactive Box option. The inactive account will be represented by a lightning bolt.
  3. Disable internet banking for them and set up bank feeds before downloading the transactions if there are no inactive accounts listed.
  4. If you come across any dormant accounts, right-click on them and choose Edit Account.
  5. Click Deactivate All Online Services under the Bank Feed Setting tab, then select the OK tab.
  6. Press the Choose, Save, and Close tab buttons one more.
  7. Reopen the company file next.
  8. If the procedure is successful, the lightning bolt will vanish.

Method 3: Create a new test company file 

  1. Open QuickBooks and select File from the menu.
  2. Next, choose New Company, and then press the Start key.
  3. After that, go to the New Company File and add the bank account where the mistake is occurring.
  4. Set this account up to receive bank feeds.
  5. You must now test the account using the bank feeds that you previously downloaded.
  6. Now see if the error still exists for you.
  7. If so, your bank or another financial institution must be at fault.
  8. You must get in touch with your bank.

Read Also: How to Fix QuickBooks Error 502 bad gateway?


We have covered a variety of fixes for QuickBooks error OL 205 in this article. And you must find all of these solutions useful. If you discover that you keep getting the same error, get in touch with our QuickBooks error support team to fix it.

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Ronnie Holt
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