Convert OFX to QXF

Understanding OFX and QXF 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 downloading bank statements and other financial information.

QXF (Quicken Transfer Format) is a proprietary file format used by Quicken, a personal finance management tool. QXF files are used to transfer financial data between different Quicken versions or to import data into Quicken from other financial software.

Converting OFX to QXF

Converting an OFX file to a QXF file can be necessary when you want to import financial data from a bank or other financial institution into Quicken. This conversion allows you to manage and analyze your financial data within the Quicken software.

Best software for OFX to QXF conversion

One of the best tools for converting OFX to QXF is Quicken itself. Quicken can import OFX files directly, and then you can save the data in QXF format. Here’s how you can do it:

• Open Quicken.
• Go to File → Import → Web Connect (.OFX).
• Select the OFX file you want to import.
• Once the data is imported, go to File → Export → QXF to save the data in QXF format.

Another option is to use a third-party converter like MoneyThumb, which offers a tool specifically designed for converting OFX files to QXF format.