My bank offers several formats of file for downland and import. Which should I pick?
First, your two choices are QIF and OFX. Everything else requires some amount of conversion to one of these before Money will import it. See “How do I import from Excel (or .CSV or etc.)?” for more information on importing other formats. If both QIF and OFX are offered, OFX is preferable. This is because OFX includes unique identifiers assigned by the bank to the account and the transactions. Money uses the unique identifiers in two ways that make OFX import better than QIF. First, once Money has associated the account identifier with a specific Account in Money, it will always import future files to the correct account. QIF asks every time and is very problematic if you accidentally give it the wrong answer. Second, Money stores the transaction identifiers with the imported transactions. Because it does this, future imports of a file that has the same transactions won’t duplicate the transactions. Importing QIF files that overlap requires Money and the user to attempt to identify any
