Fix bank error 107 in QuickBooks Online

Learn how to fix bank error 107 in QuickBooks Online.

When you connect or update your bank in QuickBooks Online, the account type is verified during authorization. Bank error 107 occurs when the account type in your chart of accounts doesn’t match the account type in your financial institution. It also appears when attempting to connect using the wrong option from the financial institution’s selection list (i.e. Business instead of Personal).

Select the correct account type when you connect your account

Disconnect your online bank in QuickBooks Online and reconnect the account using the correct account type. Make sure that the account type on your Chart of Accounts matches the account type on your financial institution.