Convert OFX to QFX and import into Quicken (OFX2QFX, windows)
Access ProperSoft at https://www.propersoft.net/
This tutorial shows how to convert an OFX file from your bank or credit card statement to QFX (Web Connect) and import into Quicken.
00:00 - Download OFX2QFX
00:16 - Start OFX2QFX and select a file with transactions
00:28 - Review transactions before converting
00:36 - Set the QFX Target
00:53 - Set the Account ID
01:24 - Set the Account Type
01:32 - Set the Bank INTU.BID
02:20 - Set the Currency
02:31 - Convert to QFX file
02:43 - Switch to Quicken and disconnect from online services before importing
03:04 - Import a QFX file
03:16 - Select the account to import data into
03:22 - Review and accept all transactions
Step by step instructions for Windows:
Use ProperSoft OFX2QFX to convert OFX to QFX (Web Connect) and import into Quicken (Win/Mac). Download it and make sure you are using the latest version of the OFX2QFX.
Start OFX2QFX and select an OFX file.
Review transactions before converting, check that dates are correct, have the correct year, deposits, and withdrawals are assigned correctly.
Select the QFX Target to match your Quicken version or your accounting software: Regular QFX, Quicken 2018+, Quicken 2017, Quicken 2016, Quicken 2015, YNAB.
Set the Account ID (number) and the Account Type to create QFX for the right account. For multiple accounts, use a different Account ID for each account.
For Quicken, set INTU.BID to match your bank or keep the default value. The INTU.BID value defines the bank label shown during import. It has to be from the allowed bank. You can try to locate your bank, make sure a bank you choose supports the account type you are converting for. You have to leave it empty if your bank is not listed, so the default - Wells Fargo Bank Label will be used.
Currency should be USD even for non-USD accounts for the Quicken US edition. For the Canadian edition, you can use USD and CAD. And for the UK edition, GBP currency must be set.
Click the 'Convert' button to create a QFX file.
Confirm the file name and location.
Import created QFX file into Quicken:
Now the QFX file is created, let's switch to Quicken and import created QFX file. Before importing the QFX file backup your data file and make sure that the account is not connected to online services. We have to disconnect from online services first. Right-click - 'Edit/Delete account'.
Then click 'Online Services' and click on the 'Deactivate' button. Then click 'Yes' and 'Ok'.
After disconnecting the account from online services, you can import a QFX file. To import a QFX file, select 'File' - 'File Import' - 'Web Connect (.QFX) File', select created QFX file.
You can select 'Create a new account' or you can select 'Link to an existing account to import transactions'. If you are disconnected from online services, that account will be shown on the list. You may choose to keep online services connected and import into a new account if you have something temporary to import. You can import in that account, and then move transactions from that account to another account. So this way you will keep the existing account connected to online services and you don't have to connect it back later.
Then click the 'Import' button and click the 'Close' button.
Now your data is imported. You can accept all transactions.
You can review transactions. They are now inside Quicken.