The operation timed out during Sync

Hello Professionals,
When I am using the iBank on my Mac I am getting this annoying error message. The error message states that ‘Sync Error, there was an error during sync. Error is the request times out’. How to establish the Sync within the time? I don’t have much knowledge about the iBank and Sync please suggest me some information. Thanks.

Sync Error
There was an error during sync. Error is The request timed out..
