File Extension | OFX |
Full Name | Open Financial Exchange Format |
File with a .OFX extension contains financial data – transactions, declarations, data on finances stored in an open format, designed for purpose of exchange of such data between different entities.
File Extension | QIF |
Full Name | Quicken Interchange Format |
QIF is a text file format used by many financial software applications. QIF file stores data in plain text ASCII format without any encryption, such as information about accounts and financial operations stored using Intuit Quicken software application.
File format conversion is the process of transforming a file from one format (referred to as "OFX") to another (referred to as "QIF"). This may be necessary for various reasons. For example, OFX file may be incompatible with the software or device we want to use to open or edit it. In such cases, converting the file from format OFX to format QIF becomes essential.
So, how can we perform OFX to QIF file conversion? Fortunately, there are many tools and computer programs available that enable file format conversion. These tools work by reading the data from the file in format OFX and transforming it into format QIF. This allows the preservation of the original information contained in the file, even after changing its format. Below you will find a list of OFX to QIF converters.
If you have already downloaded one of the converters and installed it on your computer, you can proceed to the appropriate conversion process of OFX to QIF. Handling all the programs is usually very intuitive and is based on the same pattern of conduct. We will briefly discuss a few steps that you always need to go through while changing the format of the OFX file:
File extensions are not normally displayed to users. To change this, go to Control Panel, select Appearance and Personalization and Folder Options. Next, select the View and find the option "Hide extensions for known file types". The option should be deselected (cleared) and confirmed with OK.