Is the QFX to QBO converter free?

Yes. The QFX to QBO converter is free to use, and you don't have to sign up.

What's the difference between QFX and QBO?

Both are Intuit Web Connect files built on OFX. QFX is made for Quicken, and QBO is made for QuickBooks. The main differences are the Intuit header fields and which product accepts the file.

Can I just rename a .qfx file to .qbo?

Sometimes. Renaming only changes the extension. If the bank ID inside isn't one QuickBooks Desktop accepts, you'll get the "unable to verify the financial institution" error.

Does QuickBooks Online accept QFX files?

Yes. Upload the .qfx through Link account › Upload from file. Use this converter if that upload fails, or if you work in QuickBooks Desktop.

Will importing the QBO file create duplicate transactions?

The converter preserves existing FITIDs. Transaction IDs help your software recognise previously imported transactions. Review duplicate matches and overlapping date ranges; an ID is not a guarantee that every import will be de-duplicated.

Which QuickBooks Desktop versions can import the QBO file?

Use an edition with supported Web Connect services and an institution your QuickBooks Desktop accepts. Intuit support and subscription requirements change; check the official guide for your edition rather than relying on a fixed age cutoff.

How is my bank file handled?

Files are encrypted with AES-256 and deleted automatically.

Convert QFX to QBO Free for QuickBooks

How to convert a QFX file to QBO

01
Upload the QFX.
Upload the bank's QFX download. The converter reads transaction dates, payees, amounts and IDs. You can change the bank details in the next step.
02
Pick the bank and account type.
Under Bank shown in QuickBooks, choose your bank. Set Account type to match the QuickBooks account. Then scan the preview.
03
Download and import.
Save the .qbo file and import it through Web Connect in QuickBooks Desktop. Or upload it to QuickBooks Online.

QFX vs QBO: what changes in the file

The converter keeps the transactions and their IDs while writing a QBO file. The header and date format can change. You can change the bank details before converting.

QFX input

OFXHEADER:100
DATA:OFXSGML
VERSION:102
<OFX>
<SIGNONMSGSRSV1><SONRS>
<FI><ORG>Sample Bank<FID>00000</FI>
<INTU.BID>00000
</SONRS></SIGNONMSGSRSV1>
<BANKMSGSRSV1><STMTTRNRS><STMTRS>
<CURDEF>USD
<BANKACCTFROM><BANKID>000000000<ACCTID>0000000000<ACCTTYPE>CHECKING</BANKACCTFROM>
<BANKTRANLIST><DTSTART>20260401<DTEND>20260430
<STMTTRN><TRNTYPE>CREDIT<DTPOSTED>20260403<TRNAMT>3200.00<FITID>QX0403-01<NAME>Client payment – Acme LLC</STMTTRN>
<STMTTRN><TRNTYPE>DEBIT<DTPOSTED>20260408<TRNAMT>-59.99<FITID>QX0408-01<NAME>Office Depot</STMTTRN>
<STMTTRN><TRNTYPE>DEBIT<DTPOSTED>20260415<TRNAMT>-1150.00<FITID>QX0415-01<NAME>Payroll – Sample Payroll Co</STMTTRN>
</BANKTRANLIST>
<LEDGERBAL><BALAMT>9840.01<DTASOF>20260430</LEDGERBAL>
</STMTRS></STMTTRNRS></BANKMSGSRSV1>
</OFX>

QBO output

OFXHEADER:100
DATA:OFXSGML
VERSION:102
SECURITY:NONE
ENCODING:USASCII
CHARSET:1252
COMPRESSION:NONE
OLDFILEUID:NONE
NEWFILEUID:NONE

<OFX>
  <SIGNONMSGSRSV1>
    <SONRS>
      <STATUS>
        <CODE>0</CODE>
        <SEVERITY>INFO</SEVERITY>
      </STATUS>
      <DTSERVER>20261024231310[0:GMT]</DTSERVER>
      <LANGUAGE>ENG</LANGUAGE>
      <FI>
        <ORG>Sample Bank</ORG>
        <FID>00000</FID>
      </FI>
      <INTU.BID>00000</INTU.BID>
    </SONRS>
  </SIGNONMSGSRSV1>
  <BANKMSGSRSV1>
    <STMTTRNRS>
      <TRNUID>0</TRNUID>
      <STATUS>
        <CODE>0</CODE>
        <SEVERITY>INFO</SEVERITY>
      </STATUS>
      <STMTRS>
        <CURDEF>USD</CURDEF>
        <BANKACCTFROM>
          <BANKID>000000000</BANKID>
          <ACCTID>0000000000</ACCTID>
          <ACCTTYPE>CHECKING</ACCTTYPE>
        </BANKACCTFROM>
        <BANKTRANLIST>
          <DTSTART>20260403000000[0:GMT]</DTSTART>
          <DTEND>20260416000000[0:GMT]</DTEND>
          <STMTTRN>
            <TRNTYPE>CREDIT</TRNTYPE>
            <DTPOSTED>20260403120000[0:GMT]</DTPOSTED>
            <TRNAMT>3200.00</TRNAMT>
            <FITID>QX0403-01</FITID>
            <NAME>Client payment – Acme LLC</NAME>
          </STMTTRN>
          <STMTTRN>
            <TRNTYPE>DEBIT</TRNTYPE>
            <DTPOSTED>20260408120000[0:GMT]</DTPOSTED>
            <TRNAMT>-59.99</TRNAMT>
            <FITID>QX0408-01</FITID>
            <NAME>Office Depot</NAME>
          </STMTTRN>
          <STMTTRN>
            <TRNTYPE>DEBIT</TRNTYPE>
            <DTPOSTED>20260415120000[0:GMT]</DTPOSTED>
            <TRNAMT>-1150.00</TRNAMT>
            <FITID>QX0415-01</FITID>
            <NAME>Payroll – Sample Payroll Co</NAME>
          </STMTTRN>
        </BANKTRANLIST>
        <LEDGERBAL>
          <BALAMT>9840.01</BALAMT>
          <DTASOF>20260430235959[0:GMT]</DTASOF>
        </LEDGERBAL>
      </STMTRS>
    </STMTTRNRS>
  </BANKMSGSRSV1>
</OFX>

QFX to QBO field mapping

Transaction values and existing IDs are kept. You can change the bank details in the settings. The header and date format can change.

QFX field	QBO field	Note
INTU.BID	INTU.BID	Set from Bank shown in QuickBooks. This is the ID QuickBooks Desktop checks before import.
FI › ORG / FID	FI › ORG / FID	Updated to match the bank you chose.
BANKACCTFROM (BANKID, ACCTID, ACCTTYPE)	BANKACCTFROM, or CCACCTFROM for credit cards	Set by Account type. Account and routing numbers stay as they were.
DTPOSTED	DTPOSTED	Unchanged.
TRNAMT	TRNAMT	Unchanged. Negative amounts are money out.
NAME / MEMO	NAME / MEMO	Unchanged. NAME is the payee text you see when reviewing in QuickBooks.
FITID	FITID	Unchanged, so QuickBooks can skip transactions it has already imported.
CHECKNUM, TRNTYPE	CHECKNUM, TRNTYPE	Unchanged.
LEDGERBAL	LEDGERBAL	Unchanged. The account balance on the date of the download.

Import the QBO file into QuickBooks

QuickBooks Desktop only takes Web Connect files with a .qbo extension, so that's where this file matters most. QuickBooks Online takes it too.

QuickBooks Desktop

QuickBooks Desktop Web Connect · Documentation checked 2026-10-25

Back up your company file first: File › Back Up Company › Create Local Backup.
Go to File › Utilities › Import › Web Connect Files.
Select the .qbo file and click Open.
Choose Use an existing QuickBooks account and pick the bank or card account. Pick a new account only if this is its first import.
Click Continue, then review and add the transactions in Bank Feeds.

Intuit: set up and import Bank Feeds

QuickBooks Online

QuickBooks Online · Documentation checked 2026-10-25

Go to Transactions › Bank transactions. In the newer menu, it's All apps › Accounting › Bank transactions.
Click the arrow on Link account and choose Upload from file.
Choose the .qbo file and click Continue.
Pick the QuickBooks account the transactions belong to, then confirm.
Review and accept the transactions in the For review tab.

QuickBooks Online also accepts .qfx files. Try uploading the original QFX first. Convert it only if QuickBooks Online rejects it.

Intuit: manually upload transactions

Where your QFX file comes from

Show me where to download it

A QFX file is a download from a bank's website, meant for Quicken. Look for it on the account's transaction or activity page.

Sign in to the bank's site and open the account.
Find Download, Export or a download icon.
Pick the date range.
Choose Quicken (.qfx) or Quicken Web Connect as the format.
Save the file.

Check the format list first. If the bank also offers QuickBooks (.qbo) or QuickBooks Web Connect, download that instead. You won't need to convert anything.

Working from a client's files? Ask for the bank's .qfx download, not their Quicken data file (.qdf). Quicken can't export QFX, so the download has to come from the bank.

What are QFX and QBO files?

What is a QFX file?

A QFX file is Quicken Web Connect, used for bank and credit card downloads. It is based on OFX and adds Intuit institution details. Transaction IDs help identify previously imported entries. Acceptance depends on the institution and your Quicken edition and services.

What is a QBO file?

A QBO file is QuickBooks Web Connect, a bank-transaction format used by QuickBooks Online and supported QuickBooks Desktop editions. It is based on OFX and includes Intuit institution details. Transaction IDs help the importer recognise previously imported entries; review matches and duplicates before accepting them.

QFX and QBO hold the same transactions, but QuickBooks Desktop's Web Connect import only accepts .qbo files with a bank ID it recognizes.

QFX to QBO import errors and fixes

Error	Cause	Fix
"QuickBooks is unable to verify the financial institution information for this download"	The institution is not accepted, the identifiers do not match, or Web Connect services are unavailable for this edition.	Confirm that the selected bank and institution IDs match your own account, and that your software supports that bank's Web Connect service. Correct the details and reconvert; do not substitute an unrelated bank.
The same verify message, even with the right bank	The QuickBooks Desktop edition no longer has supported Web Connect services.	Update to a supported QuickBooks Desktop version, then import again.
The file opens in Quicken, or QuickBooks Desktop won't list it	Your computer links .qfx to Quicken, and Web Connect in QuickBooks Desktop looks for .qbo.	Convert to QBO, then import with File › Utilities › Import › Web Connect Files.
Some transactions don't appear after import	QuickBooks already has those transaction IDs (FITIDs), so it skips them as duplicates.	No fix needed. Check Bank Feeds or the register for the earlier import.
QuickBooks Online won't accept the QFX upload	QuickBooks Online couldn't read the QFX file as uploaded.	Convert to QBO here and upload the .qbo through Upload from file.

QFX to QBO converter FAQ

Limitations

Use the details for the bank that holds your account. A directory listing or an Intuit bank ID does not guarantee acceptance by QuickBooks or Quicken; your edition, subscription and the institution's Web Connect support also matter.

File privacy

File-converter uploads and results are temporarily stored in private storage. Uploads are deleted after a successful conversion; abandoned uploads and results are automatically deleted after about an hour. Download links are temporary.

How to convert a QFX file to QBO

Upload the QFX.

Pick the bank and account type.

Download and import.

QFX vs QBO: what changes in the file

QFX input

QBO output

QFX to QBO field mapping

Import the QBO file into QuickBooks

QuickBooks Desktop

QuickBooks Online

Where your QFX file comes from

What are QFX and QBO files?

What is a QFX file?

What is a QBO file?

QFX to QBO import errors and fixes

QFX to QBO converter FAQ

Limitations

File privacy

Related converters

QFX CSV

QFX PDF

CSV QBO

QIF QBO

OFX QFX

QBO IIF

Ready to convert your QFX file?