QFX (file format)
Encyclopedia
QFX is Intuit's proprietary version of the standard OFX
financial interchange file format
. QFX is used in Intuit's "Web Connect" and "Direct Connect" features to transmit and receive financial information over the internet.
A QFX file is a standard OFX
file with additional fields to support a licensing fee paid by institutions to Intuit. In contrast, the standard OFX format is a free and open standard
. Intuit's Quicken
software will only import QFX files where the providing institution has paid the fee and in some cases passed quality tests, otherwise giving the error message "Quicken is currently unable to verify the financial institution information for this download." The same error message is given for Quicken users attempting to import previously downloaded QFX files with non-supported versions of Quicken (i.e. Quicken 2008 and earlier).
Open Financial Exchange
Open Financial Exchange is a data-stream format for exchanging financial information that evolved from Microsoft's Open Financial Connectivity and Intuit's Open Exchange file formats.-History:...
financial interchange file format
File format
A file format is a particular way that information is encoded for storage in a computer file.Since a disk drive, or indeed any computer storage, can store only bits, the computer must have some way of converting information to 0s and 1s and vice-versa. There are different kinds of formats for...
. QFX is used in Intuit's "Web Connect" and "Direct Connect" features to transmit and receive financial information over the internet.
A QFX file is a standard OFX
Open Financial Exchange
Open Financial Exchange is a data-stream format for exchanging financial information that evolved from Microsoft's Open Financial Connectivity and Intuit's Open Exchange file formats.-History:...
file with additional fields to support a licensing fee paid by institutions to Intuit. In contrast, the standard OFX format is a free and open standard
Open standard
An open standard is a standard that is publicly available and has various rights to use associated with it, and may also have various properties of how it was designed . There is no single definition and interpretations vary with usage....
. Intuit's Quicken
Quicken
Quicken is a personal finance management tool developed by Intuit, Inc.Quicken runs on Windows and Macintosh systems. Previous versions ran on DOS. An online version is also available. The last version of Quicken for Macintosh computers was Quicken Essentials for Mac released in February 2010...
software will only import QFX files where the providing institution has paid the fee and in some cases passed quality tests, otherwise giving the error message "Quicken is currently unable to verify the financial institution information for this download." The same error message is given for Quicken users attempting to import previously downloaded QFX files with non-supported versions of Quicken (i.e. Quicken 2008 and earlier).