Your bank puts a Download button next to the statement, you press it, and a file called something like stmt.qfx lands in the Downloads folder. Then nothing on the machine opens it. QFX is Intuit's own variant of OFX. Microsoft, Intuit and CheckFree announced that format on January 16, 1997, and Intuit has kept QFX for Quicken Web Connect ever since, so your file is written for one product and read by one product. SoftOrbits QFX to PDF Converter parses it on your PC and prints the transactions as a statement you can read and hand over.