How to Fix Quicken Error OL-226 When Adding Bank Account

Quicken error OL-226 occurs while downloading bank transactions or adding a bank account. Error code OL-226 usually occurs when a bank sends a file that has a problem, the VPN is also running, etc. In this article, we will discuss the causes and steps to solve.

Quicken Error OL-226

Read: How to Fix Quicken Not Download Bank Transactions 2022?

Causes for Quicken Error OL-226

  • VPN can cause this problem
  • Bank connectivity problem
  • Temporary failure of bank server

Things to do before starting with the troubleshooting steps

1. Create Quicken Data File Backup

We recommend that you make a Quicken file backup before taking any troubleshooting steps because if a fallback happens between the process, you can go back to the same location. To make a backup:

  • Open Quicken
  • Go to Backup & Restore > Backup Quicken Files.
  • Click on Back Up Now

2. Quicken Update to Latest Version

  • Open Quicken
  • Go to Help > Check for Updates
  • If an update is available for installation, click Yes to launch it.

5 Easy Ways to Fix Quicken Error OL-226

Method 1: Refresh account information online

  • Click on Accounts (on the left)
  • Once the account register is opened, click on the gear icon in the top right with the drop-down menu
  • Then click on Update Now (Ctrl + Alt + U)
  • The next screen prompts you to enter a secure or bank password
  • Then click on Update Now
  • Now try to update the accounts again

Method 2: Wait 24-48 business hours

After trying the above method, please wait at least 24-48 business hours. It could be a temporary server failure problem with the bank. You can try to update the account after 24-48 hours, but if the same problem occurs again, please follow the steps below.

Method 3: Cancel Online Payment

If you get this error code when sending an online payment, be sure to cancel it.

  • Go to Tools > Online Center
  • Select the financial institution you are paying from online (see an image below)
  • Then click on the Payments tab
  • Select the payment and click on Cancel Payment
  • If you request it, click Yes to cancel the payment

Method 4: Deactivate an account

You may need to deactivate an account to fix this error. Deactivating an account does not result in loss of data.

  • Go to Tools > List of Accounts (Ctrl + A)
  • You can now click Edit on the account that is causing this problem
  • Select the Online Services tab
  • then click deactivate
  • Now click Yes to confirm
  • Then click on OK and Done

Method 5: Reactivate the Deactivated Account

  • Go to Tools > Add an Account.
  • Then select the type of account like Cheque, Savings, etc.
  • Now click on Advanced Configuration (in the lower-left corner)
  • Now type the name of your bank/financial institution
  • Then click on Next
  • Select an appropriate connection method and click Next
  • Now enter the bank username and password
  • then connect. click on
  • Now Quicken starts searching your bank accounts
  • Once you see the list of your accounts, it is time to reactivate the account(s)
  • Instead of re-adding accounts, you have to link them to an existing account in Quicken (see an image below)
  • Then click on Next and Finish

Conclusion

After following all the above methods, you will no longer face Quicken error code OL-226 but if it still exists, then you can talk to our experts for a quick fix. Call us or leave us your message.

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