How to Convert OFX File to QBO for QuickBooks Import

Step-by-step guide on converting OFX files to QBO format. Learn how to import your bank data into QuickBooks seamlessly.

OFX (Open Financial Exchange) is a common format used by banks to export transaction data. However, QuickBooks requires QBO format for direct import. This guide will show you how to convert OFX files to QBO format quickly and accurately.

What is OFX Format?

OFX (Open Financial Exchange) is an XML-based format used by financial institutions to exchange banking and financial data. Many banks allow you to download transactions in OFX format from their online banking portals.

Why Convert OFX to QBO?

• QuickBooks doesn't natively support OFX import
• QBO format provides better compatibility
• Preserves all transaction details
• Enables batch import of multiple transactions
• Reduces manual data entry time

Step 1: Download OFX File from Your Bank

First, download your bank transactions in OFX format. This is usually available in your online banking portal under

• HSBC (UK and international)
• Barclays
• Lloyds Bank
• NatWest
• Many credit unions and smaller banks

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.