What is a QFX file?
By the FileInto team · Updated November 12, 2026
Quick answer
A QFX file is a bank statement download for Quicken. Quicken calls it a Web Connect file: you download it from your bank's website and import it, and the transactions land in your Quicken account. Inside, it's plain text in the OFX format.
What a QFX file is for
QFX stands for Quicken File eXchange. Your bank offers it on its download page, often labelled Quicken or Web Connect, so you can bring transactions into Quicken without a live connection between Quicken and the bank.
Quicken calls this way of importing Web Connect. You download the file yourself, then Quicken reads it and adds the transactions to the account you pick.
What’s inside a QFX file
A QFX file is plain text in the OFX (Open Financial Exchange) format, the standard banks use to hand transactions to finance apps. Each transaction sits in its own block:
<STMTTRN>
<TRNTYPE>DEBIT
<DTPOSTED>20261003120000
<TRNAMT>-5.75
<FITID>SB2026100301
<NAME>CORNER COFFEE CO
</STMTTRN>The FITID is the bank’s ID for the transaction. Quicken uses it to recognise transactions it has already downloaded, so importing an overlapping file doesn’t double them. The file also names the bank that issued it, and Quicken checks the file with its online services before importing.
QFX, QBO, OFX and QIF compared
| Format | Made for | Notes |
|---|---|---|
| .qfx | Quicken | OFX with the bank’s Quicken details. Imported through Web Connect |
| .qbo | QuickBooks | The same OFX data with QuickBooks details. See what is a QBO file |
| .ofx | Xero, GnuCash, Moneydance and others | Plain OFX. See what is an OFX file |
| .qif | Older Quicken and other apps | An older plain-text format with no transaction IDs. See what is a QIF file |
How to import a QFX file into Quicken
Quicken needs its online services to accept a Web Connect file, so you need a current Quicken subscription and a supported version.
- Quicken for Windows: choose File, then File Import, then Web Connect (.QFX) File, and pick the account.
- Quicken for Mac: choose File, then Import, then Bank or Brokerage File (OFX, QFX), and pick the account.
For the full steps and the errors you can hit, see how to import a QFX file into Quicken.
When you have a QFX file but need something else
- You use QuickBooks: QuickBooks Desktop reads only .qbo files. FileInto’s QFX to QBO converter rewrites the file and keeps the bank’s transaction IDs.
- You want it in a spreadsheet: FileInto’s OFX to CSV converter also reads QFX files and gives you one row per transaction.
- Your bank only offers CSV: FileInto’s CSV to QFX converter makes a QFX file from it, in your browser.
Note: Quicken says it doesn’t support QFX files made by conversion software, so its support team won’t help if one won’t import. Quicken’s own CSV import is the officially supported route for a CSV; see how to import a CSV into Quicken.