QFX is the file format used when downloading transactions from your bank's website (Web Connect).Before you begin, QXF is different from QFX If you need to import investment or business data, we recommend that you use QIF import instead. It is the preferred way to move and merge account data between versions of Quicken. QXF (Quicken Transfer Format) is a file format used to move data from one Quicken version to another. As a result, the Data Converter utility has its limitations. A Quicken product manager tells me that Money encrypts its files, which makes it difficult to move data easily between the two programs. This test was conducted over a two-week period and used most parts of the application. For this review, Quicken supplied a copy of Quicken Premier 2019 for Windows, and I converted from my previous test installation of Quicken 2018.
