Free OFX to CSV Converter

How to Convert OFX to CSV in 3 Steps

What Is an OFX File?

An OFX file (Open Financial Exchange) is a standardized format for exchanging financial data between banks, financial institutions, and personal finance software. Developed in the late 1990s by a consortium including Microsoft, Intuit, and CheckFree, OFX has become the industry standard for downloading bank transactions, credit card statements, and investment data.

OFX files contain structured data including account information, transaction details (date, amount, payee, memo), balance data, and unique transaction IDs. The format comes in two versions: OFX 1.x uses SGML (with unclosed tags), while OFX 2.x uses standard XML. Our converter handles both versions automatically.

You may also encounter files with .qfx or .qbo extensions. These are simply the same OFX format rebranded for Quicken and QuickBooks respectively. All three extensions (.ofx, .qfx, .qbo) use identical internal structure and are fully supported by this converter.

For a deeper comparison of financial file formats, read our guide to QBO vs OFX vs CSV formats.

How to Open an OFX File in Excel

Excel cannot open OFX files directly. If you try, you'll see garbled text or an import error. OFX is a structured data format (SGML/XML), not a spreadsheet format. To view your OFX transactions in Excel, you need to convert the file to CSV or XLSX first.

Use our converter above to transform your OFX file into a clean Excel workbook with properly formatted columns for Date, Type, Amount, Name, Memo, Transaction ID, and Check Number. The conversion takes seconds and works with OFX files from any bank.

The same approach works for Google Sheets. Download the CSV from our converter and open it directly in Google Sheets, or upload the XLSX file to Google Drive.

OFX to Excel Converter

Need to convert OFX to Excel instead of CSV? Our converter supports both. When you export to Excel (XLSX), you get properly formatted columns with dates, amounts, payee names, and memos. For multi-account OFX files, each account gets its own sheet in the Excel workbook.

Excel export is especially useful for accountants and bookkeepers who need to review transactions before importing into QuickBooks, Xero, or other accounting software. Download individual Excel files per account or a combined workbook with all accounts.

QFX to CSV Converter

QFX files (Quicken Financial Exchange) are OFX files with a .qfx extension, used by Intuit's Quicken software. The internal format is identical to .ofx files: same tags, same structure, same data. Our converter handles QFX files exactly the same way as OFX.

If you're looking to convert QFX to CSV, QFX to Excel, or open a QFX file without Quicken, simply upload your .qfx file above. You can also use our dedicated QBO to CSV converter if you have QuickBooks Web Connect files.

Export OFX to CSV for QuickBooks, Xero, and Google Sheets

The CSV files generated by our converter are compatible with QuickBooks Online, QuickBooks Desktop, Xero, FreshBooks, Wave, Sage, Google Sheets, and Microsoft Excel. Each CSV includes columns for Date, Type, Amount, Name, Memo, Transaction ID, and Check Number.

To import into QuickBooks, go to Banking → Upload transactions from file, select your CSV, and map the columns. For Xero, use the bank statement import feature. For Google Sheets, simply open the CSV file directly.

OFX vs QFX vs QBO: What's the Difference?

All three formats use the same underlying OFX specification. The only difference is the file extension, and our converter processes all three identically. For more details, see our in-depth comparison of QBO, OFX, and CSV formats.

Frequently Asked Questions