Since everything in a QFX file is OFX compliant, the unique “INTU.BID” tag’s value that Quicken uses to makes a connection back to Intuit (“call home”), and verify that the financial institution has licensed (PAID for annually) the right to import that file into Intuit’s software, isn’t of any consequence to Money and can be imported directly.
↑ Bank of America has always offered qfx downloads on their web portal.
If you download QFX files from your financial institution’s website, you can Save and then import them directly into Money [File->Import->Downloaded Statement…], but you may have to click on type: ALL FILES to see the file. You can skip the Save step, and have the file import on it’s own by following the registry addition below.
Cal Learner has developed this registry fix that you could run, so that QFX files will behave just like OFX and will import into Money automatically [formatting fixed on 1/3/2021, so that it should copy/paste properly]:
Here is a 2-step way to create that registry file:
1. Open a new Notepad (important to use Notepad which you’ll find in Programs > Windows Accessories; not Word) file, and paste the following lines into the file:
Windows Registry Editor Version 5.00
2. Save the file as “QFX2OFX.reg” and Run.
It seems that even though that worked in Windows XP, some alterations to Cal’s procedure may be necessary for Windows 10, although I didn’t need to as I upgraded to Windows 10 and the changes carried forward. James Pelham Burn describes those changes in his comment below.
In Windows 10, after trying the registry fix, it may still be necessary to link qfx files to Microsoft Money Import Handler by going to Settings > Control Panel > Default Programs > Associate a file type with a Program, and selecting .qfx files, Change Program, and finding Microsoft Money Import Handler as a choice. Harry Sit has written a nice summary of his Pocketsense experiences and recommends the following to make Money Import Hander appear in the Open With … list:
There’s one more registry change before it all works. In RegEdit, find the key HKEY_CLASSES_ROOT\Applications\mnyimprt.exe. Delete the NoOpenWith entry. This makes the Money Import Hander appear in the Open With … list and you won’t get the error “The program you have selected cannot be associated with this file type. Please choose another program.”
Now download a transaction file in Quicken Web Connect format and save it somewhere. Right click on it and select Open With. Navigate to Program Files (x86)\Money Plus\MnyCoreFiles (hidden folder, just type it in) and choose mnyimprt.exe. Check the box to always open this type of file with this program.
Another suggested method of processing manually downloaded .qfx (and .ofx) files, especially if you use Pocketsense anyways, is to simply save them into your import folder. Not only will all files in that folder be combined and imported into Money as one file, but each ofx/qfx file will also be “scrubbed” (and deleted automatically afterwards).
The Nov 20, 2019 version of Pocketsense added this feature…
Added support for importing manually downloaded ofx files, and applying “scrub” methods prior to sending to Money:
Setup creates an ./import subfolder (alongside ./xfr, etc). Running setup creates the folder, but you can add manually too.
Any ofx, qfx, etc. file can be dropped into folder. No need to rename.
When Getdata.py is run, it will process *all* files in ./import, and if it “looks like” an ofx file, it will be treated the same as a downloaded file (scrubbed, combined, etc).
If accepted as a valid ofx file, it is moved to the ./xfr folder (i.e., it is consumed), and will be deleted after processing.
An attempt is made to perform site-specific scrub routines on the ofx file prior to import. This is done by matching the FID or BANKID value found in the ofx file vs those found in sites.dat site records.
General (not site-specific) scrub routines are always applied to download files, in an attempt to correct known incompatibilities with Money.
My manually downloaded Discover and Bank of America files will only work using this feature!