How to Convert Bank Statement to OFX Format

Learn how to convert bank statements to OFX format for universal accounting software compatibility. Step-by-step tutorial.

OFX (Open Financial Exchange) is a universal format supported by many accounting software programs. Converting bank statements to OFX format ensures compatibility with a wide range of financial applications.

What is OFX Format?

OFX is an XML-based format developed by Microsoft, Intuit, and CheckFree for exchanging financial data. It's widely supported by accounting software, making it a universal choice for bank data import.

Why Convert to OFX?

• Universal compatibility with accounting software
• Preserves all transaction details
• Standardized format across different banks
• Works with QuickBooks, Sage, Xero, and more
• Structured XML format is reliable

Step 1: Prepare Your Bank Statement

Get your bank statement in PDF format. This is the most common format banks provide for monthly or quarterly statements.

Step 2: Upload PDF Statement

Frequently Asked Questions

How do I convert a PDF bank statement?

Upload your PDF file, select the desired output format (MT940, CSV, or CAMT.053), and download the converted file instantly. No registration needed.

Which banks are supported?

ClearVault supports 100+ banks including ING, Rabobank, ABN AMRO, Deutsche Bank, BNP Paribas, HSBC, and many more across 40+ countries.