OFX to QFX Converter

Why convert an OFX to QFX?

Your bank exports OFX; Quicken imports QFX. The two are nearly the same file — QFX is Quicken's variant of OFX, identical in structure plus an Intuit institution ID (INTU.BID) that Quicken uses to tie the file to a bank — but Quicken asks for its own variant by name, and a plain OFX download does not always satisfy it.

This converter moves a bank OFX into the QFX form so the download your bank offers can go into the app you actually use, without touching a single transaction.

What the conversion does

The transactions are carried over exactly — date, description and amount for each one, with no currency conversion. Because the input is an OFX-family file, its bank identity comes with it: the account number, and the INTU.BID when the source file carries one, are kept from your file rather than invented.

The closing balance follows the same rule: if your OFX carries one, it is carried over; if it does not, the QFX has none. Nothing about the money itself changes — only the variant of the wrapping does.

Format notes and where the QFX goes next

Think of OFX, QFX and QBO as three envelopes for the same letter. OFX is the generic standard banks export; QFX adds Quicken's institution tie; QBO is the Web Connect envelope QuickBooks imports, written in OFX 1.02. Converting between them is a wrapping change, never a data change.

From QFX you can fan out further: the QFX to QBO converter continues the trip into QuickBooks, the QFX to CSV converter lays the data out as a spreadsheet, and the OFX to CSV converter does the same job for the file you started with.