.QFX File Extension
There is only one filetype that uses .QFX file extension and it is Quicken Financial Exchange File.
Quicken Financial Exchange File
| File category: | Data Files |
|---|---|
| Developer: | Intuit |
| Open with: | Quicken (+1 more) |
| Platforms: | Windows, macOS, Linux |
A QFX file is a financial data format specifically designed for importing financial information into Quicken personal finance software. It contains structured financial data such as account balances, transaction histories, and other banking information in a standardized format that Quicken can process.
QFX stands for "Quicken Financial Exchange", which accurately describes its purpose as a data exchange format for Quicken software.
QFX was introduced in the late 1990s as Intuit's (the maker of Quicken) proprietary implementation of the Open Financial Exchange (OFX) format. While based on the open OFX standard, QFX includes Quicken-specific modifications and was developed to provide seamless integration with Quicken products.
How QFX Files Are Used
Financial institutions like banks, credit card companies, and investment firms generate QFX files containing their customers' financial data. Users typically interact with QFX files in these ways:
- Downloading: Most commonly, users download QFX files from their financial institution's website through Quicken's Web Connect feature
- Importing: After downloading, users import these files into Quicken to update their financial records
- Financial tracking: Once imported, the data allows users to track spending, monitor account balances, and manage their personal finances
The format streamlines the process of keeping financial records up-to-date without manual data entry, reducing errors and saving time.
How to Open .QFX as Quicken Financial Exchange File
QFX files are primarily designed to be opened with Quicken software. Here are the main ways to access the contents:
- Using Quicken: The most straightforward method is to import the file directly into Quicken using the File > Import > Web Connect File option
- Text editors: As QFX files are based on a text format, they can technically be opened with text editors like Notepad or TextEdit, though the formatting will appear complex and not user-friendly
- Alternative financial software: Some other financial management programs like Microsoft Money (older versions) may support QFX imports with varying levels of compatibility
How to Convert an QFX File
QFX files can be converted to several other formats for different uses:
- CSV (Comma-Separated Values): Many users convert QFX to CSV for use in spreadsheet programs like Excel or Google Sheets
- OFX (Open Financial Exchange): Converting to the more standard OFX format can increase compatibility with other financial software
- PDF: For archiving purposes, QFX data can be exported to PDF after importing into Quicken
Conversion Methods:
- Using Quicken: Import the QFX file first, then export the data in another format
- Online converters: Various websites offer QFX conversion services, though caution is advised with sensitive financial data
- Specialized conversion software: Programs like Able2Extract and some accounting software can convert between financial file formats
Applications That Open QFX Files
Windows Apps for QFX Files:
macOS Apps for QFX Files:
Linux Apps for QFX Files:
- GnuCash Free