MT2OFX Statement File Converter

MT2OFX started as a program to convert downloaded files in SWIFT MT940 format (an international standard which is commonplace in some countries, particularly the Netherlands, Germany and Switzerland) into OFX so that I could use Microsoft Money with my bank in the Netherlands. In the past years it has grown into a general-purpose program for converting downloaded files with statement information into various standard formats for use with Money, Quicken, AceMoney, MoneyDance etc.

The program provides a framework in which an input file is recognized by one of the plug-in scripts, read into internal data structures and written out in OFX, OFC, QIF or QFX format. The logic for recognising and decoding a particular file format is contained in a plug-in script written in VBScript; this allows for any customisation that you may require. Many scripts are provided in the standard package, including generic QIF, OFC and OFX/QFX handling, so that transformations such as OFC-to-OFX (many Money 2005 users need this if their banks still only provide OFC!!) are possible. The program has built-in facilities for determining the correct payee and transaction category which can assist your financial software with assigning and classifying the transactions.

On completion MT2OFX can automatically launch a program of your choice to import the file into your financial software. By associating a file extension with MT2OFX in Windows, double-clicking the downloaded file can be enough to get the transactions into your financial software.

You can find MT2OFX at

Thanks to Colin Smale for contributing this article for the site

Keywords: AceMoney, Quicken, MT2OFX, MT940, SWIFT, MoneyDance