OFX is the open standard many banks offer as “Money” or “OFX” downloads. QuickBooks Desktop expects the Intuit flavor of that format — a .qbo file with Intuit’s bank identifier — and rejects a plain OFX file.
This converter rewrites your OFX transactions as a valid QBO file, keeping dates, payees, memos and amounts exactly as your bank sent them.
Import the QBO file into QuickBooks Desktop
- In QuickBooks Desktop, open File › Utilities › Import › Web Connect Files.
- Select the .qbo file you downloaded.
- Link it to an existing bank account or let QuickBooks create a new one.
- Review and accept the transactions in Bank Feeds.
Import it into QuickBooks Online
- In QuickBooks Online, go to Bank transactions and choose Upload transactions (or Link account › Upload from file).
- Pick the .qbo file and the QuickBooks account it belongs to.
- Review the imported transactions in the For review tab.
Questions
Is it free?
Yes for files with up to 20 transactions, plus 2 free PDF statements a day. For bigger files you can buy a pack of 10 conversions or go unlimited — see pricing.
Is my bank data uploaded anywhere?
CSV, Excel, QIF, OFX, QFX and QBO files are converted entirely in your browser and never leave your computer. PDFs have to be read on our server: we send the PDF to our AI provider, Anthropic, to pull out the transactions, return them to you and keep nothing — not the PDF, not the transactions.
What is the difference between OFX and QBO?
They share the same structure. QBO adds Intuit-specific fields that QuickBooks uses to accept the file as a Web Connect download.
My credit card charges came out as deposits. How do I fix it?
Some card issuers export charges as positive numbers. Choose Credit card as the account type and tick Flip signs before downloading.