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Understanding Quicken Web Connect

QFX is the OFX bank file Quicken imports through Web Connect, with an Intuit bank identifier. See what it holds and how it differs from OFX.

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QFX, which Quicken calls Web Connect, is the bank statement file that Quicken imports. It is an OFX file with Intuit's own fields added, chiefly INTU.BID, a number that identifies the bank in Quicken's list of institutions. It is mostly offered by banks in the United States and Canada; your bank's download page lists the files it provides.

What is in a QFX file?

Element Holds
INTU.BID the bank's identifier in Intuit's directory
BANKACCTFROM the account: bank, account number, type
STMTTRN one transaction: type, date, amount, ID, name, memo
LEDGERBAL the ledger balance and its date

Everything except the Intuit fields follows OFX, whose work group sits with the Financial Data Exchange (FDX). See what is OFX?

How is QFX used?

You download the file from your bank's website and import it in Quicken for Windows through File, File Import, Web Connect (.QFX) File (Quicken).

What can Klarbon do with QFX?

Reading a QFX file to write it in another format, such as CSV, Excel or CAMT.053, is in beta. Writing QFX is also in beta, using OFX 2.2 with an INTU.BID that you must supply and confirm for your bank. Klarbon does not invent a bank identifier or guarantee Quicken will accept the generated file. Quicken says it does not support QFX files made by third-party converters. If your finance tool accepts OFX, Klarbon can write that format from a supported structured bank statement. Check your tool's import requirements first; PDF statement reading is not available yet.

Frequently asked questions

What is the difference between QFX and OFX?

A QFX file is an OFX statement with Intuit's own fields added, chiefly INTU.BID, the identifier of the bank in Quicken's list of institutions. The transactions and balances are the same.

How do I import a QFX file into Quicken?

In Quicken for Windows, use File, File Import, Web Connect (.QFX) File. In Quicken for Mac, use File, Import, Bank or Brokerage File (OFX, QFX). Choose the file downloaded from your bank.

Can I open a QFX file without Quicken?

A QFX file is text, so any text editor shows it, though not as a readable table. Some finance tools that read OFX also accept QFX; check the import screen of yours.

Sources

Updated 6 November 2026

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