OFX File Extension

What is OFX file?

The OFX format is utilised as a financial information exchange file. They contain financial data created in the OFX open format (Open Financial Exchange). Data in the files include, among other, transactions, excerpts and other information specific to financial industry.

What OFX files are used for?

Utilising OFX files enable electronic exchange of financial information via Internet between companies, consumers and financial entities. In the age of Internet, electronic exchange of information is very popular, therefore OFX files play important role. Individual clients deal with OFX files as an excerpts from credit and bank cards sent transferred by financial institutions. OFX files are also used in electronic banking.

Creation of OFX format

Creation of the OFX format is dated 1997, the year in which it substituted previously utilised standard – OFC. OFX is based on SGML, and it was developed also by Intuit, Microsoft and CheckFree. The format is currently used by Microsoft Money and regarded as standard utilised by financial information within Open Financial Exchange Consortium.

Programs which support OFX file extension

Below you will find an index of software programs that can be used to open OFX files divided into 3 categories according to system platform supported. Files with OFX extension, just like any other file formats, can be found on any operating system. The files in question may be transferred to other devices, be it mobile or stationary, yet not all systems may be capable of properly handling such files.

Updated: 06/23/2022

How to open file with OFX extension?

There can be multiple causes why you have problems with opening OFX files on given system. Fortunately, most common problems with OFX files can be solved without in-depth IT knowledge, and most importantly, in a matter of minutes. The following is a list of guidelines that will help you identify and solve file-related problems.

Step 1. Download and install Intuit Quicken

The main and most frequent cause precluding users form opening OFX files is that no program that can handle OFX files is installed on user’s system. This issue can be addressed by downloading and installing Intuit Quicken or different compatible program, such as Microsoft Money, Moneydance, Quicken . On the top of the page a list that contains all programs grouped based on operating systems supported can be found. If you want to download Intuit Quicken installer in the most secured manner, we suggest you visit website and download from their official repositories.

Step 2. Check the version of Intuit Quicken and update if needed

You still cannot access OFX files although Intuit Quicken is installed on your system? Make sure that the software is up to date. It may also happen that software creators by updating their applications add compatibility with other, newer file formats. If you have an older version of Intuit Quicken installed, it may not support OFX format. All of the file formats that were handled just fine by the previous versions of given program should be also possible to open using Intuit Quicken .

Step 3. Assign Intuit Quicken to OFX files

After installing Intuit Quicken (the most recent version) make sure that it is set as the default application to open OFX files. The process of associating file formats with default application may differ in details depending on platform, but the basic procedure is very similar.

Selecting the first-choice application in Windows

• Right-click the OFX file and choose Open with option
• Click Choose another app and then select More apps option
• The last step is to select Look for another app on this PC option supply the directory path to the folder where Intuit Quicken is installed. Now all that is left is to confirm your choice by selecting Always use this app to open OFX files and clicking OK.

Selecting the first-choice application in Mac OS

• From the drop-down menu, accessed by clicking the file with OFX extension, select Information
• Find the Open with option – click the title if its hidden
• Select Intuit Quicken and click Change for all...
• Finally, a This change will be applied to all files with OFX extension message should pop-up. Click Continue button in order to confirm your choice.

Step 4. Check the OFX for errors

If you followed the instructions form the previous steps yet the issue is still not solved, you should verify the OFX file in question. It is probable that the file is corrupted and thus cannot be accessed.

1. The OFX may be infected with malware – make sure to scan it with an antivirus tool.

Should it happed that the OFX is infected with a virus, this may be that cause that prevents you from accessing it. It is advised to scan the system for viruses and malware as soon as possible or use an online antivirus scanner. If the scanner detected that the OFX file is unsafe, proceed as instructed by the antivirus program to neutralize the threat.

2. Check whether the file is corrupted or damaged

Did you receive the OFX file in question from a different person? Ask him/her to send it one more time. It is possible that the file has not been properly copied to a data storage and is incomplete and therefore cannot be opened. When downloading the file with OFX extension from the internet an error may occurred resulting in incomplete file. Try downloading the file again.

3. Check if the user that you are logged as has administrative privileges.

Sometimes in order to access files user need to have administrative privileges. Log out of your current account and log in to an account with sufficient access privileges. Then open the Open Financial Exchange Format file.

4. Verify that your device fulfills the requirements to be able to open Intuit Quicken

If the systems has insufficient resources to open OFX files, try closing all currently running applications and try again.

5. Ensure that you have the latest drivers and system updates and patches installed

Regularly updated system, drivers, and programs keep your computer secure. This may also prevent problems with Open Financial Exchange Format files. It may be the case that the OFX files work properly with updated software that addresses some system bugs.

Do you want to help?

If you have additional information about the OFX file, we will be grateful if you share it with our users. To do this, use the form here and send us your information on OFX file.