I am trying to open SharePoint Online site with my designer but I am getting below error:
There is a problem with your account please try again later
Can anyone please let me know the possible cause of this issue.
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In SharePoint Designer, on the account page, you can change which account you sign in with. It may be that you have connected to another service with different credentials than this one. If so, just switch accounts on the accounts page.
I just posted this in a similar thread here.
Basically I did everything people suggested here, but then also edited some registry keys under HKEY_CURRENT_USER\Software\Microsoft\Office\15.0\Common\Identity
This seemed to become and issue once my organization turned on multifactor authentication on my O365 account.
Whether this issue occurred for other SharePoint Online sites.
Clear the local cache files to see if it helps:
You can use fiddler to track the SharePoint web request and compare it to the request in your colleague's environment. Probably with account permission issue.