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Question

What formats can quicken read?

Answer

QIF is older than Open Financial Exchange (OFX). The inability to reconcile imported transactions against the current account information is one of the primary shortcomings of QIF. It is commonly supported by financial institutions to supply downloadable information to account holders. Most personal money management software (Microsoft Money, Intuit's Quicken versions earlier than 2006) can read QIF files to import information. However, Quicken has dropped support of QIF for online banking accounts as of version 2006 . However, as of release R4, Quicken 2006 still supports importing and exporting transactions in QIF format for asset, liability, cash, small business payable, and invoice accounts . Banks that support integrated online banking (i.e. as part of Money or Quicken) usually use OFX instead of QIF.

— Source: Wikipedia (www.wikipedia.org)