Points will not deposit: Account needs updating error?

Hello goinbananas,

We responded with why this is occurring at (https://forums.xbox.com/en-US/thread/d6717f5f-5f29-4b81-9771-e81a1c0165c1). As mentioned, this is due to a database error
outside of our program. Until we receive a resolution from that databases team, this deposit error will continue. At the time of this post, we have not yet received a resolution for this issue. Apologies for the inconvenience.

Hello VulcanVFX,

There is currently an internal issue with the data stored for your account which is preventing a deposit. Our deposit process cannot correctly determine the primary billable account to deposit into for your Microsoft Account, and thus aborts the process.
This is an issue that we are working on resolving with another team. At the moment, we have not received a estimate on when this problem will be resolved. To be clear, this is a data issue, and not the result of any faulty user input. The prompt asking you
to update your information is a symptom of this error, and adjusting your information will, in most cases, not resolve this issue. We apologize for the inconvenience.

Hello VividPup5195669,

Our system is reporting an error depositing since it cannot locate an available Microsoft billing account to deposit into. Since we cannot deposit into a Credit Card or other similar payable account (like paypal, etc.), the deposit fails. This is mentioned
in our FAQ:

How do I make sure my Microsoft account is properly set up to receive Xbox Live Rewards deposits?

In order to receive deposits in the form of your country's local currency, your Microsoft account must be transitioned to currency. As long as you have a billing address on file in your account,
you simply need to redeem an Xbox gift card, a Microsoft Points card, or a Microsoft Points code with your Microsoft account to begin your account transition.

Is this in reference to the non-depositing of Rewards points, and the emails saying that our 'accounts need updating'?

If so, how did you go about 'confirming' your email address?

Thanks in advance for any help.

You need at least 100 rewards points pending before they can be deposited into your account. Once you have reached this amount they will be deposited into your account by the 15th and 30th of the month.