Convert QIF to QFX and import into Quicken Classic

Need to import bank or credit card transactions in a QIF file into Quicken Classic, but cannot seem to make it work? The problem is that your bank only provides transactions in a QIF format that Quicken Classic may not read correctly.

The Solution: try ProperConvert (QIF2QFX) app. It can convert your transactions from QIF to QFX format.

Pricing Download

extract transactions from QIF files

Convert transaction files to the QFX format

QFX quicken imported transactions

Convert QIF to QFX (QIF2QFX)

This tutorial shows how to convert a QIF file from your bank or credit card statement to QFX (Web Connect) and import into Quicken.

Use the ProperConvert app to convert QIF to QFX. Other formats are supported as well.

Step by step instructions for Windows

Follow the steps below for the Windows version, followed by the Mac version.

Make sure you are using the latest version of QIF2QFX. Download it from the QIF2QFX download page. Start QIF2QFX and select a QIF file.

QIF2QFX Windows Step 1: select a QIF file

Review transactions before converting, check that dates are correct, have the correct year, deposits, and withdrawals are assigned correctly.

QIF2QFX Windows Step 2: Review transactions before converting

Select the QFX target to match your Quicken version or your accounting software: Regular QFX, Quicken 2018+, Quicken 2017, Quicken 2016, Quicken 2015, YNAB.

QIF2QFX Windows Step 3: QFX target

Set INTU.BID to match your bank or keep the default value. The INTU.BID value defines the bank label shown during import. It has to be from the allowed bank. You can try to locate your bank. Make sure a bank you choose, supports the Account Type you are converting for. You have to leave it empty if your bank is not listed, so the default Wells Fargo Bank Label (3000) will be used.

QIF2QFX Windows Step 4: INTU.BID

Set the Account ID (number) and the Account Type to create QFX for the right account. For multiple accounts, use a different Account ID for each account.

QIF2QFX Windows Step 5: Account ID and Account Type

Currency should be USD even for non-USD accounts for the Quicken US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set. You can also set End balance, Bank ID, Branch ID if your accounting software requires it.

QIF2QFX Windows Step 6: Currency

Click the 'Convert' button to create a QFX file.

QIF2QFX Windows Step 7: click Convert

Confirm the file name and location.

QIF2QFX Windows Step 8: file name and location, save

Import created QFX file into Quicken

Now the QFX file is created, let's switch to Quicken and import created QFX file. Before importing a QFX file backup your data file and make sure that the account is not connected to online services. Right-Click - 'Edit/Delete account'.

QIF2QFX Windows Step 9: edit account in Quicken

Then click 'Online Services' and click on the 'Deactivate' button. Then click 'Yes' and 'Ok'.

QIF2QFX Windows Step 10: deactivate in Quicken

To import a QFX file, select 'File' - 'File Import' - 'Web Connect (.QFX) File', select created QFX file.

QIF2QFX Windows Step 11: file, import, web connect in Quicken

You can select 'Create a new account' or you can select 'Link to an existing account to import transactions'. If you are disconnected from online services, that account will be shown on the list. You may choose to keep online services connected and import into a new account if you have something temporary to import. You can import in that account, and then move transactions from that account to another account. So this way you will keep the existing account connected to online services and you don't have to connect it back later.

QIF2QFX Windows Step 12: link to an existing account in Quicken

Then click the 'Import' button.

QIF2QFX Windows Step 13: click import in Quicken

Then click the 'Close' button.

QIF2QFX Windows Step 14: one step update summary in Quicken

Now your data is imported. You can accept all transactions.

QIF2QFX Windows Step 15: data is imported in Quicken

Review transactions after QFX import.

QIF2QFX Windows Step 16: Review transactions after QFX import in Quicken

See this Windows tutorial as a video:

Step by step instructions for macOS

Make sure you are using the latest version of QIF2QFX. Download it from the QIF2QFX download page.

Start QIF2QFX and select a QIF file.

QIF2QFX Mac Step 1: select a QIF file

Review transactions before converting, check that dates are correct, have the correct year, deposits, and withdrawals are assigned correctly.

QIF2QFX Mac Step 2: Review transactions before converting

Set the Account ID (number) and the Account Type to create QFX for the right account. For multiple accounts, use a different Account ID for each account.

QIF2QFX Mac Step 3: Account ID

Currency should be USD even for non-USD accounts for the Quicken US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set. You can also set End balance, Bank ID, Branch ID if your accounting software requires it.

QIF2QFX Mac Step 4: Currency

Set INTU.BID to match your bank or keep the default value. The INTU.BID value defines the bank label shown during import. It has to be from the allowed bank. You can try to locate your bank. Make sure a bank you choose, supports the Account Type you are converting for. You have to leave it empty if your bank is not listed, so the default Wells Fargo Bank Label (3000) will be used.

QIF2QFX Mac Step 5: INTU.BID

Click the 'Convert' button to create a QFX file.

QIF2QFX Mac Step 6: Click Convert

Confirm the file name and location.

QIF2QFX Mac Step 7: Confirm the file name

Import created QFX file into Quicken

Now the QFX file is created, let's switch to Quicken and import created QFX file. Before importing a QFX file backup your data file and click 'Quicken' - Preferences' and 'Connected Services'.

QIF2QFX Mac Step 8: preferences in Quicken

Make sure to uncheck 'Clean up payees. Automatically improve the quality of downloaded payee names', because when this checkbox set, it could change the payee names to something unrecognizable, not what you have on QFX File.

QIF2QFX Mac Step 9: clean up payees in Quicken

Before converting into a specific account, make sure that the account is not connected to online services. Right-click - 'Edit' account.

QIF2QFX Mac Step 10: edit settings in Quicken

If you see, for example, Connection Type (Web Connect), it means that it is connected. We have to disconnect from online services first. Click on 'Set up transaction download'.

QIF2QFX Mac Step 11: Set up transaction download in Quicken

Then click the 'Options' button.

QIF2QFX Mac Step 12: Options button in Quicken

Select 'Manual' and click the 'Continue' button.

QIF2QFX Mac Step 13: manual in Quicken

Click the 'Finish' button. This way you disconnect from direct online download and now you can import a QFX file into this account.

QIF2QFX Mac Step 14: account added,finish in Quicken

To import a QFX file, select 'File' - 'Import' - 'Bank or Brokerage File (OFX, QFX)', select created QFX file.

QIF2QFX Mac Step 15: file, import in Quicken

And select an existing account to import transactions instead of 'Add a new Quicken account'. Click the 'Continue' button.

QIF2QFX Mac Step 16: select an existing account in Quicken

Now your transactions are imported. You can categorize, review, delete them. They are already inside Quicken.

QIF2QFX Mac Step 17: data imported in Quicken

See this macOS tutorial as a video:

Related articles