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What is Open Financial Exchange (OFX)?

April 26, 2017exchange financial OFX

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What is Open Financial Exchange (OFX)?

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OFX is the industry standard for consumer and small business online banking, bill payment, bill presentment, investment transaction download, and 401(k) account access. Today, more than 4,000 financial institutions support download into Quicken through OFX. OFX offers greater integrity of data and enhanced features and functionality. Moving to OFX will enable customers and financial institutions to take advantage of new product features that permit 401(k) download, easier account setup, and more. Financial institutions can visit the Intuit Digital Insight Web site for more information on OFX. Quicken users can learn more about OFX at the Intuit Support site.