How to use Bank2QIF

This tutorial shows how to use the Bank2QIF utility. IMPORTANT: Bank2QIF is now replaced with the Transactions app, which converts from more formats and converts to more formats.

Step by step instructions

You can download Bank2QIF at https://www.propersoft.net/products/bank2qif

Click the 'Download' button.

Bank2QIF Step 1: Download

Then select Windows or macOS version to download.

Bank2QIF Step 2: Windows or macOS version

Once downloaded and installed, start Bank2QIF. Read the welcome message that provides the main points about the conversion process.

Bank2QIF Step 3: Welcome message

Select a file with transactions that you would like to convert. It could be a PDF bank or credit card statement, QIF or QMTF file exported from Quicken or other accounting software, OFX, QFX, QBO, STA or MT940 file downloaded from online banking.

Bank2QIF Step 4: Select a file with transactions

Review transactions before converting, make sure dates are correct, expenses are negative, and payments to the account are positive.

Bank2QIF Step 5: Review transactions

Set the Account Type.

Bank2QIF Step 6: Account type

Set the Account Name And depending on the QIF Target.

Bank2QIF Step 7: Account name

As you have in Quicken or other personal finance or accounting software. When you convert for multiple accounts, please make sure to adjust the Account Type and Account Name when you start working on another account.

Bank2QIF Step 8: As in Quicken

QIF target is important to set matching your accounting/finance software, as the converter will create the QIF file version compatible with your software.

Bank2QIF Step 9: QIF target

There are some other settings that discussed in another video, I would skip these for now as you need them only in specific situations and you know when you need to change these settings.

Bank2QIF Step 10: Other settings

Set the “Open after save” checkbox if you would like the software installed on your computer to open the created QIF file. If you have Quicken installed, it would be Quicken to open this QIF file.

Bank2QIF Step 11: Open after save

Click the 'Convert' button.

Bank2QIF Step 12: Convert

And confirm the filename and the file location.

Bank2QIF Step 13: Confirm the filename

To import the created QIF file manually, in Quicken, click 'File' - 'File Import' - 'QIF file'.

Bank2QIF Step 14: Import the created QIF file

Then click the 'Browse' button.

Bank2QIF Step 15: Browse

Select the created QIF file.

Bank2QIF Step 16: Select the created QIF file

For Quicken 2018 or later, you need to select the account, where you want to import transactions. For Quicken 2017 or earlier, you have to select 'All accounts' to import the QIF file. Click the 'Import' button.

Bank2QIF Step 17: Select the account

Transactions are imported.

Bank2QIF Step 18: Transactions are imported

This tutorial is for the latest Bank2QIF version. If you are still using version 3 and looking for the tutorial, please use this tutorial.

Related articles