Reduced .QIF support in Quicken 2004!

  • Thread starter Andrew Rossmann
  • Start date

A

Andrew Rossmann

I found this link on Intuit's web site, mentioning that .QIF importing
support is being reduced. Basically, you will not be able to use .QIF's to
import to Checking, Saving, Credit Card, Brokerage or 401K accounts. You
MUST use the OFX format. You will still be able to use .QIFs for
Liability, Cash, Asset, Small Business Payables, Invoice Accounts for
Financial Institutions.

http://www.intuit.com/support/quicken/sunset/qif/
 
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B

Blackwood

I found this link on Intuit's web site, mentioning that .QIF
importing
support is being reduced. Basically, you will not be able to use
.QIF's to import to Checking, Saving, Credit Card, Brokerage or 401K
accounts. You MUST use the OFX format. You will still be able to use
.QIFs for Liability, Cash, Asset, Small Business Payables, Invoice
Accounts for Financial Institutions.

http://www.intuit.com/support/quicken/sunset/qif/
Thanks for the heads-up. I have one savings account, one credit card and a
401k account that currently only offer QIF downloads. I would love it if
they would upgrade, but I doubt that they will do so before Q2004 is out.

I'm not necessarily against Quicken pressuring the financial institutions
to upgrade. But if they fail, I won't be able to but Q2004. I certainly
hope they don't also decide to prevent downloading to my current U.S. Q2002
(which seems like a possibility, considering what has happened in Canada),
as that would mean I'd have to switch to MS Money.
 
H

Han Broekman

I'm not necessarily against Quicken pressuring the financial
institutions to upgrade. But if they fail, I won't be able to but
Q2004. I certainly hope they don't also decide to prevent downloading
to my current U.S. Q2002 (which seems like a possibility, considering
what has happened in Canada), as that would mean I'd have to switch to
MS Money.
The way I understood it, the qif download is totally out of Intuit's
control (once the software is able to use this method). My paranoid self
asks whether Intuit is forcing the FIs to abandon qif, so the OFX process
will notify Intuit who is using what. Actually, I'm unclear as to how
the OFX process works exactly. I would hope that it is going on just
between me and my FI, without any data sent to Intuit, but (as stated)
the paranoia factor has crept in.
 
S

Sweet Andy Licious

Quicken/Intuit always seems to shoot itself in the foot. ;)
 
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H

Han

I found this link on Intuit's web site, mentioning that .QIF
importing
support is being reduced. Basically, you will not be able to use
.QIF's to import to Checking, Saving, Credit Card, Brokerage or 401K
accounts. You MUST use the OFX format. You will still be able to use
.QIFs for Liability, Cash, Asset, Small Business Payables, Invoice
Accounts for Financial Institutions.

http://www.intuit.com/support/quicken/sunset/qif/
I received a reply from Bank of NY (in NJ) to my question what they were
doing about it (so far they only do *.qif). They said that they were
working on a solution, I presume OFX.

Just FYI.
 

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