Financial Management Software
The file extension ofx is usually associated with files created by financial management software. OFX stands for Open Financial Exchange. This is a technical specification standard that was made together by Microsoft Intuit and Checkfree in 1997.
This standard software allows the free transfer of financial records, transaction between consumers banks businesses and other financial institutions including banks. Today there are 5500 brokerages major payroll processing copanies and banks that support the use of OFX format.
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