Open OFX bank files in Excel. Convert Open Financial Exchange transaction data into clean, sortable spreadsheets — free, no signup.
OFX — Open Financial Exchange — is the open standard for moving financial data between banks and software, created in 1997 by Microsoft, Intuit and CheckFree. When your bank offers a "download transactions" option beyond CSV and PDF, it's usually OFX. The format also underpins Quicken's QFX and QuickBooks' QBO files — both are OFX with proprietary identifiers added.
Inside an OFX file: your account details, a statement date range, and a structured list of transactions — each with a posting date, signed amount, transaction type, payee name, memo and unique ID.
OFX is SGML/XML markup, not tabular data. Open it in Excel and you'll see nested tags — not rows and columns. Converting means parsing the transaction records and rebuilding them as a proper table. That's what our converter does: each <STMTTRN> record becomes one spreadsheet row with labeled columns for date, amount, type, payee and memo.
OFX downloads typically cover only recent transactions (often 90 days), and they don't include running balances — so errors can't be detected. Bank statement PDFs cover any period your bank archives and include the balance column, which our converter uses to mathematically verify every extracted transaction. If you can choose your source, choose the PDF.
Bank statement PDF — any bank worldwide, digital or scanned
Transactions extracted and balance-checked automatically
Excel, CSV and JSON from a single conversion
| Format | What It Is | Reads In Excel? | Best Use |
|---|---|---|---|
| OFX | Open standard bank format | ❌ Needs conversion | Software-to-software transfer |
| QFX | OFX + Quicken branding | ❌ Needs conversion | Quicken import only |
| QBO | OFX + QuickBooks branding | ❌ Needs conversion | QuickBooks import only |
| CSV | Plain tabular text | ✅ Opens directly | Universal — analysis & import |
| XLSX | Excel native | ✅ Opens directly | Analysis with formatting |