Tips to open OFX file

Can't open the OFX file? You are not the only one. Thousands of users face similar problems every day. Below you will find tips on how to open OFX files as well as a list of programs that support OFX files.

OFX file extension

File Name Open Financial Exchange Format
File Category Data Files

The OFX file is supported on 3 operating systems. Depending on your operating system, you may need different software to handle the OFX files. Below is a summary of the number of programs that support and open the OFX file on each system platform.

Operating systems
  • 5
  • 6
  • 2
  • 0
  • 0
  • 0

What is OFX file?

The .OFX file is a transmission file. Its structure is based on SGML. The file was created as a result of cooperation between several entities (including Microsoft) in order to exchange data between financial applications. The format is currently managed by the Open Financial Exchange consortium. Mainly these are credit card statements to be imported into company or individual accounting programs. The format is more common in America and some companies, mostly related to the American market.

How to open OFX file?

The main problem with Open Financial Exchange Format is that the OFX file is incorrectly associated with programs. This causes the file OFX to open by system applications not designed for this purpose, or to display a message that there is no associated program. How to solve such a problem?

The first thing you should do is just "doubleclick" on the OFX file icon you want to open. If the operating system has an appropriate application to support it and there is also an association between the file and the program, the file should be opened.

Step 1. Install Moneydance

In this case, you should first verify that the Moneydance application is installed on the computer. This can be achieved by typing Moneydance into the operating system search engine. In the absence of an appropriate program, its installation in the vast majority of cases will fix the problem. Later in this article you will find a list of programs that can open OFX files.

Step 2. Create association of Moneydance with OFX files

If, despite the installed application, the OFX file does not start in the Moneydance application, you must create a file association. This option is available from the level of Properties of a specific file available in the context menu. Information about the file and the program that the file is associated with are available here. Using the "Change" button we can set the program to handle this type. The program should be visible in the window, otherwise it should be selected manually using the "Browse" button and the program installation directory should be indicated. Checking the "Always use the selected program ..." box will permanently associate the OFX file with the Moneydance program.

Step 3. Update Moneydance to the latest version

The fault may also lie with the Moneydance program, it is possible that Open Financial Exchange Format requires a newer version of the program. Some applications allow you to update from the program level, and for others you need to download the installer from the The Infinite Kind page and install.

Step 4. Check for the following problems with the OFX file

The problem may also be with the file itself if the above steps don't work. File problems can be divided into the following:

Very often, the file may be size 0 or incomplete. Usually this applies to OFX files downloaded from the Internet in case the download did not finish properly. The only repair option is to download the file again.
The operating system may be infected with a computer virus. Perform a virus scan using available and up-to-date anti-virus software. Alternatively, you can use the scanners available online. For the best results, we will scan the entire operating system, not just our OFX file. However, remember that not every infected OFX file can be recovered, so it is important to take care of regular backups.
A typical compatibility error - the program does not support the older version of the OFX file. On their websites, developers usually offer free solutions to such problems, e.g. in the form of a conversion program or an older version of the program.
There can be many reasons for this. The repair method must be adapted to the type of file and damage. Some programs offer the ability to automatically repair OFX file corruption. The easiest way to restore the file is from a backup or by contacting N/A, but this one can be expensive. Not all damage can be reversed.
When reading, a message appears that the file was encrypted or corrupted. The encrypted OFX files can be used by the device on which they were encrypted, on any other device it is required to have the appropriate cryptographic key and decrypt the file before its recovery.
Some of the system directories are excluded from modification. The problem is only writing to the file, not reading it. Copying the OFX file to another location will fix the problem.
This problem usually affects more complex files. In this case, the OFX file is blocked by the first application to open it. Closing other programs should help. Sometimes it is necessary to wait a while before referencing the OFX file again. Antivirus programs or a backup being made may lock the file for a while without the user's knowledge. If this does not work either, restart the device.