Why convert OFX to QIF?
Some personal finance apps import QIF but not OFX - this is common with older software and certain budgeting tools. QIF is also a standard migration format when moving transaction history between programs that do not share a direct import path.
How to convert OFX to QIF
ProperSoft APP
Open the .ofx file in ProperSoft, select QIF as the output format, and save; the tool handles both OFX 1.x (SGML) and OFX 2.x (XML) input.
GnuCash FREE
Import the .ofx via File > Import > Import OFX/QFX, match to an account, then export via File > Export > Export Transactions to QIF.
Quicken APP
Import the .ofx into Quicken, then use the File menu to export the transaction history as a .qif file.
Programs that convert OFX
About these formats
.OFX
Open Financial Exchange
An OFX (Open Financial Exchange) file contains bank statements or credit-card transactions downloaded from your online banking portal. To open it, import it into GnuCash (free), Quicken, or…
Open .OFX details →
.QIF
Quicken Interchange Format
A QIF (Quicken Interchange Format) file is a plain-text export of bank or credit-card transactions, originally made by Intuit for Quicken. It is meant to be imported into personal-finance…
Open .QIF details →Quality & what to watch
- QIF does not store unique transaction IDs (FITID); importing the same QIF twice into a finance app will create duplicate entries.
- Account balance information (LEDGERBAL) from the OFX file is dropped during QIF conversion.
- QIF date formats vary by region (MM/DD/YYYY vs DD/MM/YYYY); check the locale setting in your converter or target app if imported dates appear wrong.
