Comparison

OFX to Excel vs MoneyThumb: Instant Convert Alternative

Need to extract all transaction fields from ofx bank files into a formatted excel spreadsheet. every field stays in its own column with proper formatting. your data never leaves your browser? MoneyThumb is a financial file converter with PDF to QuickBooks and CSV support. SpreadsheetBroccoli is better for converting CSV files to accounting formats without file converter subscriptions or account requirements.

Try OFX to Excel yourself

Why Convert OFX to Excel?

Excel Can't Open OFX Files Directly

OFX files contain XML-based bank data that Excel can't read natively: - No native support: Double-clicking an OFX file won't open it in Excel - XML complexity: Even opening as XML gives you raw tags, not clean columns - Data analysis: You need structured columns to sort, filter, and chart your transactions Converting to Excel gives you a properly formatted spreadsheet ready for analysis.

What This Tool Does

We extract every field from your OFX file into a formatted Excel spreadsheet: - Formatted headers with bold text and background color - Auto-sized columns that fit your data - All 8 fields in separate columns: Date, Type, Amount, Payee, Memo, Check Number, Reference, Transaction ID - Ready for pivot tables, charts, and formulas

Quick Comparison

Feature Comparison

Feature MoneyThumb SpreadsheetBroccoli
Flexible pricing (pay-as-you-go)
Try without signup
No setup or learning required
Data stays on your device Cloud-based
Works on any device
Error detection before upload
Fast email support
No API tokens required
No risk of data corruption
Full data transparency

What MoneyThumb Does Well

To be fair, MoneyThumb has genuine strengths:

  • Financial file converter
  • PDF to QuickBooks conversion
  • CSV, QFX, QIF, OFX to QuickBooks conversion
  • 99%+ U.S. bank support
  • OCR technology for bank statements
  • Automatic reconciliation
  • Cloud-based and desktop options
  • Individual and accountant pricing

Which Should You Choose?

Choose MoneyThumb if: You need PDF bank statement converter You want PDF to QuickBooks conversion You need CSV/QFX/QIF/OFX to QuickBooks conversion You process bank statements regularly You prefer file converter approach
Choose SpreadsheetBroccoli if: You need CSV file conversion to accounting formats You want file-based tools without converter subscriptions You do occasional imports rather than ongoing statement processing You prefer browser-based conversion without account access You want instant results without platform setup

Ready for the simpler approach?

Try OFX to Excel yourself - no signup required.

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Frequently Asked Questions

It depends on your needs. MoneyThumb is built for businesses that need advanced automation and accounting integrations. If you're a small business doing monthly imports or occasional conversions, SpreadsheetBroccoli's simpler approach may be a better fit - no subscriptions, no setup, just results.
Not for the same transactions - you'd risk double-counting. However, you could use MoneyThumb for ongoing automation and SpreadsheetBroccoli for one-off historical imports or quick ad-hoc conversions outside your normal workflow.
MoneyThumb typically requires 30-60 minutes of initial setup (account creation, API connections, mapping configuration), then runs automatically. SpreadsheetBroccoli takes under 2 minutes per conversion - upload, preview, download. Choose based on whether you need ongoing automation or quick occasional conversions.
Pick a clean cutoff date (end of month works best). Let MoneyThumb finish processing that period, then disconnect. Export your data from the source platform and use SpreadsheetBroccoli for conversions going forward. The first month needs careful reconciliation to ensure no gaps or duplicates.
Both produce accurate results when used correctly. MoneyThumb uses API connections for automated data sync. SpreadsheetBroccoli processes the exact file you provide and shows you a preview before finalizing. Our pre-upload validation catches errors before they reach your accounting software.
MoneyThumb typically charges monthly subscriptions regardless of usage. SpreadsheetBroccoli offers flexible options: free preview before commitment, pay-per-conversion, credit bundles for volume, or subscriptions for heavy users. You only pay for what you actually use.
MoneyThumb offers various support tiers depending on your plan. SpreadsheetBroccoli provides fast email support to all users. Our file-based approach also means simpler troubleshooting - if something looks wrong, you can see exactly what data was converted in the preview.
MoneyThumb processes data on their servers via API connections. SpreadsheetBroccoli processes files entirely in your browser - your data never leaves your device. There's no account to hack, no API tokens to secure, and no data stored on external servers.
SpreadsheetBroccoli is ideal for small businesses doing their own bookkeeping, occasional users who need monthly or quarterly imports, and anyone who wants instant results without learning a new platform. MoneyThumb is better suited for larger operations with dedicated bookkeepers who need ongoing automation.
MoneyThumb offers automated syncing, real-time connections, and features like multi-channel consolidation or advanced accounting automation. SpreadsheetBroccoli focuses on doing file conversion exceptionally well - fast, private, and simple. We're not trying to replace full accounting platforms, just make conversions effortless.
Absolutely not. This is a major security advantage of SpreadsheetBroccoli over MoneyThumb. MoneyThumb requires you to hand over API keys or login credentials, creating a permanent security vulnerability. We only touch the specific file you upload, process it in your browser, and forget it immediately.
It works until it breaks. Automated integrations often fail silently when platforms update their APIs, leaving you with weeks of missing or duplicated data to clean up manually. SpreadsheetBroccoli is deterministic: you verify the file right now, import it right now, and you know it's done correctly. It turns "background anxiety" into "finished work."
You can, but the cost is validation and edge cases. AI often hallucinates math or format structures, and free scripts rarely handle messy real-world data (missing SKUs, strange currency formats, tax anomalies). We have battle-tested validators specifically for MoneyThumb exports that catch issues a generic script will miss.

Banking → Excel Data Ecosystem

All available data flows from Banking to Excel

Banking IIF QuickBooks Transactions Intuit Interchange Format for QuickBooks Desktop (tab-delimited)
→
Excel IIF Bank Export (Excel) All IIF transaction fields exported as separate Excel columns with formatting
DATE → Date TRNSTYPE → Type ACCNT → Account
QuickBooks Desktop data migration, banking analysis, custom reporting
Banking OFX/QFX/QBO Bank Transactions Bank and credit card transactions in Open Financial Exchange format
→
Excel OFX Bank Export (Excel) All OFX transaction fields exported as separate Excel columns with formatting
DTPOSTED → Date TRNTYPE → Type TRNAMT → Amount
Banking data analysis, reconciliation, custom reporting Current tool
Banking OFX/QFX/QBO Bank Transactions Bank and credit card transactions in Open Financial Exchange format
→
Excel OFX Bank Export (Excel) All OFX transaction fields exported as separate Excel columns with formatting
DTPOSTED → Date TRNTYPE → Type TRNAMT → Amount
Banking data analysis, reconciliation, custom reporting
Banking QIF Bank Transactions Quicken Interchange Format transactions for bank and credit card accounts
→
Excel QIF Bank Export (Excel) All QIF transaction fields exported as separate Excel columns with formatting
D → Date T → Amount P → Payee
Banking data analysis, Quicken data migration, custom reporting