Convert OFX to EXCEL

Understanding OFX and Excel file formats

OFX (Open Financial Exchange) is a file format used for exchanging financial data between financial institutions, businesses, and consumers via the internet. It is commonly used for importing bank statements and other financial data into accounting software.

Excel is a spreadsheet program developed by Microsoft, widely used for data analysis, financial modeling, and record-keeping. Excel files typically have the extensions .xls or .xlsx and are known for their ability to handle complex calculations and data visualization.

How to convert OFX to Excel

Converting an OFX file to an Excel file allows you to manipulate and analyze financial data using Excel's powerful tools. This conversion can be done using specialized software or online converters.

Best software for OFX to Excel conversion

One of the best software options for converting OFX to Excel is MoneyThumb's 2Convert. This software is designed specifically for financial data conversion and offers a user-friendly interface.

To convert using MoneyThumb's 2Convert, follow these steps:

• Open the 2Convert software.
• Use the File → Open menu to select your OFX file.
• Choose the File → Export → Excel option to save the file in Excel format.

Online converters for OFX to Excel

If you prefer not to install software, online converters like Convertio offer a convenient alternative. Simply upload your OFX file, select Excel as the output format, and download the converted file.