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February 27, 2021
Question

ACH Echeck transaction rejected immediately

  • February 27, 2021
  • 11 replies
  • 0 views

When I try to receive payment from a customer using an echeck with Quickbooks Online, the transaction fails immediately with the message "The transaction was declined because the bank account is incorrect, or there is a security concern".  It shows up on the Quickbooks Payments transaction report as Status:Declined and Response:Transaction Declined.  I know the routing and account numbers are correct because we've processed payments before.  I've also tried using a completely different account owned by the same customer and the error is the same.  The customer says that his bank never even saw the attempt.  Please help!

11 replies

January 15, 2024

This happened to me. I spend hours with chat and no success.  I tried resetting up my bank account on the merchant side and that failed.  HOwever this seems to have worked!!!

 

Cancel merchant account

Add payment services again

Wait about 1 hour and process a payment!  It worked!!!

I hope this helps others.

February 1, 2024

I'd be weary of canceling the payment account. Even if signing right back up.  Glad it worked.