If you are into finance, chances are you might have heard about this file format before too. The files with the .qfx extension are those files which are categorized the head of the fax files. They are associated with the Quick Link I or Quick Link II programs. The main company associated with the creation, modification and other functional rights of these files is the Intuit Inc. The main purpose of the files with the .qfx extension is to transfer the financial information over the web through the Quick Link software of Intuit Inc .
The file format is truly useful for those who are looking for a platform to store data. The financial data which is imported and exported through the use of the QFX may include the balances in particular bank accounts, to record the transactions carried out in a specified period of time and also to record the other important informatory facts which are necessary to the balance of the account. All the data is recorded by the Quick Link software in a particular standardized format. For the transmission of this information over the internet, the .qfx files employ the &qout;Web Connect&qout; and the &qout;Direct Connect&qout; facility by the Intuit Inc.
So, who uses these file formats?
The main business organizations or institutions which most of the times, use the files with the QFX are the banks and the companies which issue the credit cards to their users. These files are of utmost importance to their business as they need to have a systematized record of their transactions with their client and also of their client with a third party via themselves. Thus, there is a colossal record of the transactions to be handled. This can be done in the best manner by the . qfx files as they are especially designed to record and store such a huge amount of important information.
Through the Web Connect feature of Quicken (Intuit Inc.), the files with the .qfx extension can be d ownloaded through the internet. In simple terms, a .qfx file format is the modified version of a standard .ofx file format. The addition made to the former is that it contains certain additional fields in order to support the licensing fee which is paid by different institutions to the Intuit Inc. This means that the files with the .qfx format will only work with Quicken if the company has paid the licensing fee to Intuit.
Open QFX File on Windows OS
- Look for an QFX file you need to open in Windows Explorer and double-click on it
- If the file doesn’t open automatically and you see a “Windows can’t open a file” message then you should search for a program which can open QFX file
- If you have a program which can open QFX file installed on your computer then launch that program and select “File” and then “Open” or similar options from its menu to open the QFX file
- If you don’t have the program installed then you need to try searching for “QFX wiki”, “how to open QFX file” in the search engine.
- Once you find the application, install it on your computer
- After the program is installed double-click on the QFX file to open it
File extensions are used by Windows operating system to specify what kind of information is stored in the file. Every file in Windows OS needs to have file extension and file extensions are used by Windows to determine which application it should use to open the file. Every application installed on Windows OS places information about which extensions it could open into the Windows registry and Windows uses this information to determine which application it should launch when user double-clicks on the file. If application which can open QFX file is not installed, then Windows will show ‘Windows can’t open QFX file’ message and buttons to either select an application on the computer which can open the file or to search the web for the application which can open QFX file.