OFX2QFX: Convert OFX to QFX (Web Connect)

What can I do with OFX2QFX (OFX to QFX Converter)?

• Download, install and run the software
• Select a file with transactions
• Review transactions and click Convert to create a QFX file
• Import created file to Quicken 2017-2020

Why should I trust OFX2QFX?

• It runs and processes your files on your computer - no data leaves your computer
• It does not send your transactions anywhere
• Please check our product testimonials

If I need any help with conversion, can you help me?

• Free support is available before and after the purchase
• All license options include at least 14 days of the conversion support after the purchase
• The Professional and Team licenses include ongoing conversion support
• Please use the Support page or email us at support@propersoft.net.

Can I try before purchasing?

• Yes. OFX2QFX is free to download and try.
• Your file will be fully parsed in the trial mode, so you can verify that OFX2QFX understands your transactions file correctly.
• You can create a fully functional and loadableQFX file before purchasing (with limitation to 10 transactions - this limitation is removed after you register).

Convert OFX to QFX (Web Connect) and import into Quicken 2019, 2018, 2017, 2016 (Win/Mac)

This tutorial shows how to convert an OFX file from your bank or credit card statement to QFX (Web Connect) and import into Quicken. We will use OFX2QFX utility.

Step by step instructions for Windows

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

Make sure you are using the latest version of OFX2QFX. Download it from the OFX2QFX download page. Start OFX2QFX and select an OFX file.

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

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

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.

For Quicken, set INTU.BID to match your bank or keep the default value. INTU.BID defines 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 default Wells Fargo Bank Label will be used.

Currency should be USD even for non-USD accounts for Quicken US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set.

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

Confirm the file name and location.

Import created QFX file into Quicken

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

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

After disconnecting the account from online services, you can import a QFX file. To import a QFX file, select 'File' - 'File Import' - 'Web Connect (.QFX) File', select created QFX file.

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 existing account connected to online services and you don't have to connect it back later.

Then click the 'Import' button.

Then click the 'Close' button.

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

You can review transactions. They are now inside Quicken.

Step by step instructions for macOS

Make sure you are using the latest version of OFX2QFX. Download it from the OFX2QFX download page. Start OFX2QFX and select an OFX file.

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

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.

Currency should be USD even for non-USD accounts for Quicken US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set.

For Quicken, set INTU.BID to match your bank or keep the default value. INTU.BID defines 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 default Wells Fargo Bank Label will be used.

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

Confirm the file name and location.

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'.

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

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

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'.

Then click the 'Options' button.

Select 'Enter transactions manually' and click the 'Continue' button.

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

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

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

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