If you see the QuickBooks error OLSU 1014 in Desktop, it is tied to the Bank Feeds/Online Banking connection. This guide explains what the error means, why it happens, how to fix it (step-by-step), how to prevent it, and what to do if you still can’t fix it.

What is QuickBooks Error OLSU 1014?

The error “OLSU 1014” occurs when QuickBooks cannot properly connect or download transactions from your bank under its Bank Feeds function. The “OLSU” prefix refers to Online Services (bank feeds), and the numeric code 1014 identifies a specific connection or format issue with the financial institution.

Why does QuickBooks Error OLSU 1014 occur?

Several causes can trigger this error:

Your bank has changed the method of connection (for example from Web Connect to Direct Connect), and QuickBooks is not updated accordingly.
The bank account in QuickBooks is inactive or flagged for online services but not correctly set up.
The FI (Financial Institution) directory in QuickBooks is out-of-date and does not support the format your bank delivers.
The file your bank supplies isn’t compatible (wrong format such as CSV/QIF instead of supported .QBO).
Internet or connection issues, firewall or TLS settings blocking the feed.

How can you identify QuickBooks Error OLSU 1014?

You’ll notice one or more of these signs:

When trying to download bank transactions from your account in QuickBooks you receive an error message with code OLSU-1014.
The feed stops, no new transactions appear, or the account shows a lightning bolt icon but fails to sync.
You may see a message stating the bank’s service isn’t supported or the format is invalid (especially for certain card accounts like those of American Express or Chase Visa).

What are the steps to fix QuickBooks Error OLSU 1014?

If you’re facing this error, follow these steps from basic to more advanced solutions. Always back up your company file before making major changes.

Solution 1: Basic – Refresh connection & check inactive accounts

Make sure QuickBooks is updated to the latest release.
Sign in to the bank’s website outside of QuickBooks; check for alerts or notifications needing your attention.
In QuickBooks go to Chart of Accounts → check “Include Inactive” → look for accounts with a lightning bolt icon (online services enabled) but no transactions. Disable online services for inactive accounts: right-click → Edit Account → Bank Feed Settings → Deactivate all online services → Save & Close. Then reopen company file.
Try the download again via Banking → Bank Feeds → Download Transactions.

Solution 2: Intermediate – Change bank feed mode or account settings

Switch to Classic mode for Bank Feeds if the error persists. (In some QuickBooks versions, tools allow switching between Classic and Express mode for feeds.)
Review the “Default Account” settings in QuickBooks: Edit → Preferences → Checking → Company Preferences → Default accounts set correctly. Then try setting up the feed again.
For card accounts (Amex/Chase Visa) that may only support Web Connect (.QBO) rather than Direct Connect, download the transactions manually in .qbo format from the bank’s website and import into QuickBooks.

Solution 3: Advanced – Update bank’s format or merge accounts

If the bank changed its file format, you may need to delete the old online banking setup and recreate it: Chart of Accounts → right-click account → Edit → Bank Feed Settings → Deactivate → Save. Then set up new online banking.
If the account appears damaged or the company file has issues, create a new account in Chart of Accounts (copy name, add “*”), deactivate online services on the old account, save, merge the two accounts (remove the asterisk), then set up bank feeds again.
Ensure that your Internet Explorer / Windows environment supports TLS 1.2 (or the version required by your bank) and that your firewall or antivirus is not blocking the QuickBooks connection.

Is there an automated tool to fix QuickBooks Error OLSU 1014?

QuickBooks Tool Hub or the official Intuit “Bank Feeds Log” feature may help diagnose feed issues, but there is no fully-automated tool that will always fix OLSU 1014. Most steps require manual configuration of the account/feed settings and possibly bank interaction. Checking logs and contacting the bank may be necessary.

How can I prevent QuickBooks Error OLSU 1014 in the future?

Ensure you follow these practices:

Regularly update QuickBooks to the newest release so it supports latest bank feed protocols.
On your bank website, clear all alerts, notifications or required acknowledgements for online banking.
Deactivate online banking services for accounts no longer in use.
Monitor when your bank changes its feed service type (Web Connect vs Direct Connect) and update QuickBooks accordingly.
Periodically verify that your Financial Institution directory (FI Dir) in QuickBooks is current or that your bank is still supported by QuickBooks.

What if QuickBooks Error OLSU 1014 is not fixed after troubleshooting?

If you complete all steps and still experience the error, then the issue may be with your bank’s servers, the feed format changed recently or the company file has deeper damage. At this point you should escalate: contact your bank’s support for the feed, and also consider engaging a QuickBooks-certified service.

How can our experts assist you in resolving QuickBooks Error OLSU 1014?

If you prefer expert support, our brand Error Code Experts can help. We provide diagnosis and resolution for bank‐feeds errors such as OLSU 1014. You can contact us at +1-800-949-1746 or email support@errorcodeexperts.com. Our team can guide you through feed re-setup, account clean up, and ensure your system is prepared for future errors.

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