Quicken financial software can only import those QFX files of those institutions that have paid the license fee. It is a standard OFX file that contains extra fields for supporting licensing fees. Additional Information: The QFX file format is a proprietary version of the OFX (Open Financial Exchange) file format.The QFX file format is used by the software's Web Connect and Direct Connect features for sending and receiving financial data over the web. Quicken software uses QFX files to dynamically store account information along with all the associated transactions in a standardized format. It is used in the tracking of account balances, investments, budgeting, and other expenditure. Main Use: Quicken is an individual finance management software that is compatible with Android, iOS, and Windows platforms.QFX file format is used to store data files associated with the Quicken financial software registered with Intuit. QFX stands for Quicken Financial Exchange File. QFX files mostly belong to Quicken by Quicken.
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