Comparison

OFX to Excel vs OFX Converter: 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? OFX Converter is a free online OFX/QFX/QBO to Excel/CSV converter. SpreadsheetBroccoli is better for converting CSV files to accounting formats with broader format support and accounting-specific features.

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 OFX Converter 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 OFX Converter Does Well

To be fair, OFX Converter has genuine strengths:

  • Free online OFX/QFX/QBO to Excel/CSV converter
  • No signup for unregistered tier
  • 1 file per 24h (unregistered)
  • 5 files per 24h (registered)
  • Drag and drop interface
  • Multiple format support
  • Simple conversion tool

Which Should You Choose?

Choose OFX Converter if: You need to convert OFX/QFX/QBO to CSV You want free conversion tool You need Excel/CSV export You want no signup option You prefer OFX format converter
Choose SpreadsheetBroccoli if: You need CSV file conversion to accounting formats You want QuickBooks and Xero support You need accounting-specific validation You want browser-based conversion with features You need broader format support

Ready for the simpler approach?

Try OFX to Excel yourself - no signup required.

Convert Your First File

Frequently Asked Questions

It depends on your needs. OFX Converter 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 OFX Converter for ongoing automation and SpreadsheetBroccoli for one-off historical imports or quick ad-hoc conversions outside your normal workflow.
OFX Converter 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 OFX Converter 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. OFX Converter 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.
OFX Converter 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.
OFX Converter 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.
OFX Converter 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. OFX Converter is better suited for larger operations with dedicated bookkeepers who need ongoing automation.
OFX Converter 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 OFX Converter. OFX Converter 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 OFX Converter 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