FinanceConvert.
FORMAT REFERENCE

QFX files and Quicken Web Connect compatibility

A QFX file carries Web Connect data associated with a financial institution. Being able to read its bank transactions is different from being able to authorize it for import into Quicken.

Reviewed · Scope and editorial method

What FinanceConvert can read

The reader handles the bank-transaction fields shared with OFX: dates, signed amounts, descriptions, transaction IDs and available account metadata. Exporting those fields to CSV or Excel can help you investigate a file without first importing it into an account.

A QFX extension does not guarantee that the file contains only bank transactions. Securities, investment lists and portfolio positions are outside this converter. Multiple account-statement blocks must be exported separately.

Web Connect acceptance is a separate check

Quicken's guidance says it does not support QFX files produced by third-party conversion tools. For Web Connect, prefer the original file downloaded from your financial institution. A converter cannot establish bank certification.

Changing an extension or inserting an institution identifier does not establish permission or support. Check the destination's current guidance rather than treating a successful file export as a successful bank connection.

When a spreadsheet is the better destination

If your goal is to inspect transactions, CSV provides columns for mapping and Excel provides typed date and amount cells. Available account IDs and FITIDs are carried into those outputs. Keep them when comparing records across files.

A PDF output creates a reading report. It is less suitable for preserving identifiers or full text for another import. It is not a reproduction of Quicken screens or a bank-issued statement.

QFX, QBO and QIF are not interchangeable labels

QBO also carries Web Connect-style bank data, but targets a different product workflow. QIF is a transaction text format with its own field lines and date conventions. Choosing one requires the destination's import instructions.

Keep the original file before any conversion. When moving data between products, test a small, known period in a copied account and inspect duplicate handling. A full bookkeeping or portfolio migration needs more than a bank transaction list.

A synthetic source example

<OFX><BANKMSGSRSV1><STMTTRNRS><STMTRS><CURDEF>USD</CURDEF><BANKACCTFROM><BANKID>123456789</BANKID><ACCTID>DEMO-ACCOUNT</ACCTID><ACCTTYPE>CHECKING</ACCTTYPE></BANKACCTFROM><BANKTRANLIST><STMTTRN><DTPOSTED>20260115</DTPOSTED><TRNAMT>-45.00</TRNAMT><FITID>demo-1</FITID><NAME>Office supplies</NAME><BALAMT>955.00</BALAMT></STMTTRN><STMTTRN><DTPOSTED>20260116</DTPOSTED><TRNAMT>1200.00</TRNAMT><FITID>demo-2</FITID><NAME>Client payment</NAME><BALAMT>2155.00</BALAMT></STMTTRN></BANKTRANLIST></STMTRS></STMTTRNRS></BANKMSGSRSV1></OFX>

This is an example for the reader, not a customer document or a certified bank export. Use “Try a sample file” on a converter to test the complete local workflow.

Checks for this format

Available conversions from QFX

  • QFX to CSV converter — Read QFX bank transaction fields into CSV with debit, credit and identifier columns. Review the preview before downloading.
  • QFX to Excel converter — Read QFX bank transaction fields into Excel with typed dates and amounts. Review the preview before downloading.
  • QFX to OFX converter — Read QFX bank transaction fields into OFX with account metadata for an import check. Review the preview before downloading.
  • QFX to PDF converter — Read QFX bank transaction fields into PDF as a readable transaction report. Review the preview before downloading.
  • QFX to QBO converter — Read QFX bank transaction fields into QBO with account metadata for an import check. Review the preview before downloading.

Format and product references

Publisher documentation describes the format or destination product. It does not certify this converter or any generated file.

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