File extension .OFX
| Full Name | Developer | Category |
|---|---|---|
| Open Financial Exchange Format | N/A | Data Files |
The OFX ( .OFX) file extension is a generic XML-based open-financial exchange file used by software applications to facilitate financial information exchange between financial institutions, financial data aggregators, or financial software. It is based on the Open Exchange Specification (OFX), a standardized set of data structures for exchanging financial data such as PIN security authentication with an online banking system. At a fundamental level, an OFX file contains data representing a snapshot of a user's financial accounts. This snapshot includes balances, transactions, and holdings that can be made into various documents including credit card statements, loan amortization and investment account summaries.
Uses and Frequencies of the OFX File Extension
The main use of OFX files is to enable users to manage their finances more easily by allowing them to quickly download transactions from their banks or other financial institutions into their accounting applications such as QuickBooks or Microsoft Money. Some other popular accounting/payroll programs also accepted the OFX file format such as Peachtree. Financial institutions may also offer the ability to export information directly to particular desktop software in other data formats like QFX (Quicken Financial Exchange) or QIF (Quicken Interchange Format), as well as OFX.
Similar File Extensions
Common similar file extensions related to the OFX include .QIF, .QFX, .OFC, .QBO, MT940, and .STM. Each of these files store and represent various different types of financial information such as bank statements, balance and transactions.
Programs for WINDOWS system
Programs for MAC system
Programs for LINUX system
After installing the required software, the operating system will usually automatically associate an unknown file type (in this case .OFX) with the new application. If this does not happen, we can help the system a bit by selecting the software for it, which it should always use to open files with the .OFX extension.
When choosing the software we can select the system to use this software every time.
Remember!
Using it for the first time it is good to check whether the .OFX file opened in the application can be read by us and opens in a way that allows us to use it. If everything is in order, select this option the next time you open a file with the .OFX extension. However, if the file has not opened correctly, we have to look for a different software, with which we can open files with the .OFX extension. Select a different software from our list and install it on your computer. After the software is installed, repeat inspection openings of a .OFX file. Sometimes you have to repeat the operation several times.
Other instructions
If none of the programs listed by us to work with the .OFX file has not meet your expectations, you can try searching other websites. But remember to avoid downloading programs "that can open any file". These applications not only have very limited functionality, but may also expose you to expense tens of dollars when purchasing a license.
In the vast majority of cases you will find the program dedicated to support the .OFX file, or any other file format. In addition, there is a chance that it will be a free program, and its functionality (concerning the .OFX file) will be extended to the maximum.
It is also good to check
- if the .OFX file has no errors
- or if it has been copied (or downloaded by the browser) thoroughly
Author’s guidelines
Mr B. Adam
Author of the guidelines / Founder of FileExtension.info
New technologies enthusiast, helping to solve problems with the files.
Do you have suggestions for this website?
contact @ fileextension.info Use the Contact Form