Why Startups & Founders Need OFX Format
As startup founder, converting bank statements to OFX saves hours of manual data entry. Open Financial Exchange (.ofx) is a standardised financial data format designed specifically for importing transactions into personal finance and accounting software. Saves founders 2-3 hours per month on financial reporting, freeing time for product development and fundraising rather than manual data entry
How It Works
Upload any bank statement PDF
Supports all major banks. Saves founders 2-3 hours per month on financial reporting, freeing time for product development and fundraising rather than manual data entry
AI outputs OFX
Our AI extracts all transactions and outputs OFX (.ofx). BankScan AI generates OFX 2.2 compliant files with proper BANKACCTFROM headers,
Use in your startups & founders work
Import into Xero, Fathom, Mercury or use for direct analysis.
OFX Tip for Startups & Founders
BankScan AI generates OFX 2.2 compliant files with proper BANKACCTFROM headers, STMTTRN transaction records, and FITID unique identifiers for each transaction to prevent duplicates on re-import.
Supported Banks
BankScan AI works with all major UK and US banks, including:
OFX Features for Startups & Founders
- OFX advantages — Accounting software treats OFX imports like a native bank feed — transactions appear in the bank reconciliation screen ready for matching, rather than requiring manual column mapping.
- Built for startups & founders — Saves founders 2-3 hours per month on financial reporting, freeing time for product development and fundraising rather than manual data entry
- Format compatibility — Direct import into QuickBooks Desktop, Microsoft Money, GnuCash, and other personal finance applications that accept OFX bank feeds
OFX Converter — Built for Startups & Founders
Direct import into QuickBooks Desktop, Microsoft Money, GnuCash, and other personal finance applications that accept OFX bank feeds
Convert to OFX Free