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 PDF PDF to CSV/MT940?
Upload your PDF, choose CSV/MT940 as output, and download instantly.