Convert QFX to QBO
QFX is Quicken's proprietary variant of the OFX standard. Most banks that offer OFX downloads provide either a QFX file (for Quicken) or a QBO file (for QuickBooks). If you downloaded a QFX file but need to import into QuickBooks Desktop, you need to convert it.
The difference between QFX and QBO is small: QFX files contain an INTU.USERID element that QuickBooks ignores, and sometimes use an INTU.BID that doesn't match QuickBooks's bank database. QBOConvert removes INTU.USERID, sets a valid INTU.BID, and outputs a .qbo file.
Note: QBOConvert converts OFX-family formats only. If your bank provides only a PDF or CSV statement, this tool cannot help — that requires an OCR-based converter.
Convert a file now — free, no upload
How to convert QFX to QBO
- Download the .qfx file from your bank's online banking portal.
- Open QBOConvert and select → QBO as the target format.
- Drop the .qfx file into the converter.
- If the import still fails, use the INTU.BID override (full version) to enter your bank's correct QuickBooks ID.
- Import the .qbo file in QuickBooks: File → Utilities → Import → Web Connect Files.
Questions
Why does QuickBooks reject my QFX file?
QuickBooks reads .qbo files, not .qfx files directly. Even if you rename a QFX file to .qbo, the INTU.USERID element and possibly a mismatched INTU.BID will cause QuickBooks to reject it. Converting to proper QBO format fixes both issues.
Does converting QFX to QBO lose any transactions?
No. QBOConvert changes only the file header and INTU elements. All transaction data — amounts, dates, descriptions, account numbers — is preserved byte-for-byte.
Can I automate this for monthly downloads?
The free version handles one file at a time. The full version supports batch conversion, so you can drop a folder's worth of monthly QFX files and get QBO output in one pass.