Conversion of your financial documents was never easy. All too often people were faced with the need to export Quicken files into Excel for reading on their own personal computer. If they didn’t have Excel, this could essentially leave them out of luck for finding an options to read their personal financial statements and credit card documents. QFX (Quicken Web Connect) to CSV (Excel) conversion is now easier than ever with QFX2CSV. Here’s why you need this piece of software in your corner when you’re dealing with QFX files.
No Wait Times
QFX2CSV is a program that can convert you files almost instantly. After you load and preview the files that you’re going to convert, you’ll have CSV files generated in just a couple of seconds, that look exactly like the Quicken file you were initially sent. There’s no need for plugins to be installed or add-ons posted to your computer. Everything you need is right in the program.
Easy to Use Software
Most QFX to Excel file converters are clunky with a very poor user experience. With QFX2CSV you get exactly what you need and only that. This simple to use interface doesn’t take more than 3 or 4 clicks to get your file converted, so you won’t spend countless hours dealing with needless tools that don’t take care of making the process simple and correct the first time.
Desktop Based
Several applications that do file conversions are forced to run over a web browser, which also requires you to submit personal account information over the internet. If this wasn’t bothersome enough, your financial documents will officially be stored on another computer the moment you run with web-based application. The QFX to Excel converter runs solely on your desktop. Once downloaded, you could essentially disconnect yourself from the internet and program would run just fine.
Finally, you can try the product before you buy it. Other conversion programs are known to be a little shaky, yet they force you to buy before you can even try. Converting your QFX to Excel is free for the first few times, so you can determine if the program is right for you.

Quicken does not support direct import for Excel files, but you can easily convert Excel files into one of the following formats:

Convert Excel to QIF

Convert Excel to QIF using CSV2QIF. CSV2QIF is capable to create different QIF variants (for Quicken, for MS Money, or for other finance applications), so you need to make sure to select Quicken as the QIF target (Quicken is selected by default when you start the program for the first time).
CSV2QIF supports direct import from Excel (XLS or XLSX) files.

But Quicken 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013 does not allow QIF files to be imported under checking, savings, credit card, broker and investment accounts, right? Not exactly. There is different QIF file variations. QIF created for MS Money, or provided for download by your bank are not accepted by Quicken unless you import them under a cash account.

However, CSV2QIF creates QIF files for Quicken, and Quicken does accept these files. In fact all Quicken versions for Windows (up to Quicken 2012) import QIF files just fine under checking, savings, credit card, broker, and investment accounts.

Where is the catch then? The catch is that you need to enter the account name in CSV2QIF exactly as you have it Quicken, otherwise during QIF import, Quicken will try to create a new account with that name. For example, if your checking account in Quicken is called “Checking” or “Bank checking” or other name, you need to enter this name exactly in CSV2QIF (as well as select correct account type) before saving a QIF file.

What is the advantage of using QIF files? Quicken does not require “online call home” during the import. You do not need to have internet connection active and firewall enabled for Quicken to go through to import a QIF file. This can come quite handy when you work and travel and do not have internet always on, but need to complete your finance report on time.

Another advantage? Creating investment transactions becomes quite easy, when you comfortably working in Excel, then copy and paste them in CSV2QIF and import QIF into Quicken.

So when QIF is not good? For Quicken Essentials for Mac. This Quicken variant does not allow QIF files at all. Please see the next paragraph on how to import your CSV into Quicken including Quicken Essentials for Mac.

Convert Excel to QFX (Web Connect)

Convert Excel to QFX (Web Connect) using CSV2QFX. CSV2QFX creates QFX files acceptable by Quicken. CSV2QFX covers bank (checking and savings, credit line and credit card accounts. During QFX import, Quicken ‘calls home’ using internet connection (so please make sure your firewall allows it to go through), and assigns bank details supplied in QFX file with selected account in Quicken. Even more, if Quicken find the match for bank details in the QFX to details with an account, it imports data there automatically. Otherwise, if offers you the import dialog to select existing “unlinked” account, or create new one.

CSV2QIF supports direct import from Excel (XLS or XLSX) files.

QFX format supplies unique id for each transaction, and Quicken uses it to avoid import for the same transaction next time. However, when you prepare your CSV file, it is common you may notice some transactions mistakes, so you need to fix them and import the file again. Even if you deleted the transaction in Quicken, it still refuses to import it the second time.

To deal with your need to import corrected transactions again, CSV2QFX allows to create unique transaction IDs every time you save the QFX file (this option is turned on by default), as well as keep transaction IDs consistent if you need them to be this way.

About 15 years ago, Microsoft and Intuit developed a file format that allowed financial institutes to exchange financial information in one simple to use format that worked on several different software platforms. While this is good news to banks and lenders, this is usually quite the inconvenience for the average consumer. Most households don’t have the needed software to support the reading of an .OFX file. To make things easier for the consumer, there’s OFX to CSV, a quick and easy to use interface that converts OFX to an Excel compatible file in no time flat.

Before OFX2CSV was created, users had no actual way of reading information that was rightfully theirs. Generally, OFX files are used to exchange information such as your credit card statements and bank statements between different financial institutions that you may be using. This could be between a mortgage lender and checking account, or between a credit card company and auto lender, just to name a couple of examples.

When an OFX file ends up in your hands, you usually don’t know what to do with it, which makes it useless to you. To convert OFX to CSV (Excel compatible), simply drag and drop your files into the interface and select where to save the outputted file. In seconds, you’ll have a file that you can simply open up in Excel or Google Spreadsheet that’s displayed in an easy to read layout, so you can always know what information financial institutions are sharing with others.

Additionally, you can review all of your changes before the file is converted to make sure it’s worth the little effort that’s actually required. To protect your valuable information, this program runs solely on your desktop. At no point after download are you required to be connected to the internet or login to a web based interface like several other platforms out there. All you need is a computer that meets the minimum requirements, your file, and your copy of OFX2CSV. This is one of the easiest and most inexpensive ways to convert OFX to CSV as quickly as possible so you can get to work on your own financial documents.

Leave the first comment ▶