QFX (Quicken Financial Exchange)
Also known as: Quicken Financial Exchange, Web Connect.
Definition
QFX, also called Web Connect, is Intuit's branded variant of OFX used to import transactions into Quicken. A QFX file is structurally an OFX file plus Intuit-specific identifiers (INTU.BID and INTU.USERID) that bind it to a known financial institution. Quicken accepts QFX as its standard one-way bank-to-Quicken import file.
Why it matters
Quicken users often cannot import a generic OFX file because Quicken validates the Intuit identifiers. QFX is the format that just works for Quicken Web Connect imports. Producing a valid QFX from a PDF bank statement is the difference between a clean import and an error dialog.
How DocuClipper handles it
DocuClipper converts PDF bank statements to QFX and fills in the bank identity Quicken checks (ORG, FID and INTU.BID) from the bank it detects: Chase, Bank of America, Wells Fargo and Capital One have their own entries, other banks get a generic identity. See PDF to QFX converter.
Related terms
DocuClipper extracts financial documents with 99.9% field-level accuracy across any bank, any format, rated 4.7/5 across 124 G2 reviews.