OFX to QBO Converter Free Online

Convert OFX Files to QBO for QuickBooks

Many banks provide transaction downloads in OFX (Open Financial Exchange) or QFX (Quicken Financial Exchange) format. While these formats contain the same transaction data, QuickBooks sometimes has trouble importing them directly. Our OFX to QBO converter transforms your bank files into a format that QuickBooks accepts without errors.

The conversion process preserves all your transaction details including dates, amounts, payee names, and reference numbers. Upload your OFX or QFX file, review the transactions, and download a clean QBO file ready for QuickBooks import.

How to Convert OFX to QBO: Step by Step

OFX vs QFX vs QBO: Understanding Bank File Formats

These three formats are closely related but serve different purposes. OFX is the original Open Financial Exchange standard used by banks worldwide. QFX is Intuit’s branded version of OFX, specifically designed for Quicken software. QBO is the QuickBooks-specific variant that works seamlessly with QuickBooks products.

All three formats use similar XML-like structure to store transaction data. The differences are mainly in headers and minor formatting details. Our converter handles these variations automatically, producing a QBO file that QuickBooks recognizes instantly.

Why Convert OFX to QBO?

While QuickBooks can sometimes import OFX files directly, many users experience errors or missing transactions. Common issues include date format mismatches, encoding problems, and incompatible header information. Converting to QBO eliminates these problems by creating a file specifically formatted for QuickBooks.

The QBO format also allows you to modify bank and account identifiers before import. This helps when importing transactions from multiple accounts or when your bank’s default settings don’t match your QuickBooks setup.

Import Bank Downloads into QuickBooks

After converting your OFX file to QBO, importing into QuickBooks takes just a few clicks. In QuickBooks Online, navigate to Banking, select Upload Transactions, and choose your QBO file. The transactions appear in your bank feed for review and categorization.

QuickBooks Desktop users can import through File, then Utilities, then Import Web Connect Files. Select the QBO file and choose which account should receive the transactions. The import process matches transactions automatically with your existing records.

Supported Banks and Financial Institutions

Our converter works with OFX and QFX files from any bank or credit card company. This includes major institutions like Chase, Bank of America, Wells Fargo, Citi, and Capital One. International banks that export OFX format are also supported. The tool handles various date formats, currency symbols, and encoding standards automatically.

QFX Files from Quicken

If you’re migrating from Quicken to QuickBooks, our converter helps bridge the gap. Quicken exports transactions in QFX format, which our tool converts to QBO for QuickBooks. This makes switching between accounting software simple and preserves your transaction history.

The converter maintains all transaction details during the QFX to QBO conversion. Dates, amounts, payee names, check numbers, and memo fields transfer accurately to the new format.

Batch Processing Multiple Files

Need to convert multiple OFX files? Process them one at a time through our converter. Each file produces a separate QBO output that you can import into the appropriate QuickBooks account. This approach works well for businesses managing multiple bank accounts or credit cards.

Free OFX to QBO Conversion

Our converter is completely free to use. There’s no account registration, no file limits, and no watermarks on your output files. The tool runs entirely in your browser, meaning your financial data stays on your computer and never uploads to any server.

For CSV bank exports, check our CSV to QBO converter. We also offer Excel to QBO for spreadsheet data, QIF to QBO for legacy Quicken files, and PDF to QBO with AI-powered extraction.