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Error: Username or password is invalid when connecting to Online Banking in QuickBooks

by Intuit • Image Alt Text 1
Image Alt Text Updated 7/5/2026 19:57

In QuickBooks Desktop for Mac, when you change your Online Banking password then try to connect, you get this error message:

Username or password is invalid.

This happens when Add password to Keychain is enabled during the initial Online Banking setup. QuickBooks attempts to use a previously saved password when it connects to Online Banking.

To resolve the issue, you need to delete the previously saved password and re-launch Online Banking.

To update your password for QuickBooks Online Banking

  • On your desktop, double-click the Macintosh HD icon.

  • Go to Application then select Utilities.

  • Select Keychain Access.

  • Search for your Online Banking password then select Delete.

  • Close then reopen your company file.

  • Go to Download transaction then select Download all.

  • When you are given the option to enter your password, type your current password. QuickBooks will connect to your bank and download transactions.

To reset your Keychain Access password

  • On your desktop, double-click the Mac HD icon.

  • Select the Application folder then choose Utilities.

  • Open Keychain Access then select Edit.

  • Select Change Password for Keychain login.

  • Enter your current Keychain password in the top box.

  • Enter your new password in the 2nd box and 3rd box.

  • Select OK.

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