OFX format is supported by many applications such Microsoft Money, Sage , Sage 50, PeachTreee, Simply Accounting, Quickbooks online, AccountEdge, YNAB, Wave Accounting and many others.
The application supports several OFX variations for successful import - check the Settings tab to create OFX that will work with your accounting software.
In addition, Bank2OFX works in command line mode allowing automated conversion.
Overview
Bank2OFX is a Shareware software in the category Business developed by ProperSoft.
The latest version of Bank2OFX is 4.158, released on 10/05/2020. It was initially added to our database on 05/04/2014.
Bank2OFX runs on the following operating systems: Windows.
Bank2OFX has not been rated by our users yet.
Pros
- Converts bank and credit card statements to OFX format easily.
- Supports multiple file formats including QFX, CSV, and QIF.
- User-friendly interface that simplifies the conversion process.
- Batch processing for multiple files, saving time for users.
- Regular updates and support from the developers to ensure compatibility with various bank formats. A trial version is available for users to assess functionality before purchasing.
Cons
- Limited to conversions to OFX format; users needing other formats may find it restrictive.
- May require some manual adjustments after conversion for accuracy.
- Not free; requires a one-time purchase which could be a downside for cost-sensitive users.
- Performance may vary based on the size of the input files; larger files may slow down processing.
- Some users may experience a learning curve if they are not familiar with financial software.
FAQ
What is Bank2OFX?
Bank2OFX is a software tool developed by ProperSoft that allows users to convert various bank file formats into OFX (Open Financial Exchange) format.
What is OFX format?
OFX (Open Financial Exchange) is a data format used by financial institutions to exchange financial data. It is widely supported by personal finance software.
What types of files can Bank2OFX convert?
Bank2OFX can convert various file formats including QFX, QIF, CSV, Excel, and PDF to OFX format.
How can I use Bank2OFX?
You can use Bank2OFX by downloading and installing the software on your computer. Simply follow the instructions provided to convert your bank files to OFX format.
Is Bank2OFX compatible with both Windows and Mac?
Yes, Bank2OFX is compatible with both Windows and Mac operating systems.
Can Bank2OFX handle multiple bank accounts?
Yes, Bank2OFX can handle multiple bank accounts and allows you to convert files for different accounts into OFX format.
Does Bank2OFX support automatic conversion?
Bank2OFX does not support automatic conversion but it offers a user-friendly interface for manual file conversion.
Is there a trial version available for Bank2OFX?
Yes, ProperSoft offers a trial version of Bank2OFX that allows users to test the software with limitations before purchasing the full version.
Can I customize the output file format using Bank2OFX?
Yes, Bank2OFX offers options for customization such as selecting specific date ranges, renaming payees, categorizing transactions, and more.
Does Bank2OFX provide customer support?
Yes, ProperSoft provides customer support for Bank2OFX via email to assist users with any questions or issues they may encounter.
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