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OFX → MT940

OFX → MT940

Prepare MT940 text from supported OFX banking data while keeping missing value dates and opening balances visible.

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Purpose

What this converter does

The route maps supported OFX Banking SGML 102 and XML 221 statements into MT940 through a validated financial model.

Workflow fit

When this route is useful

Useful when a receiving system still imports MT940 while a bank provides a supported OFX statement export.

Implementation note

What to expect

Value dates and opening booked balances may be mandatory. Missing amounts, opening balances or dates are not invented; user declarations require explicit action.

OFX Banking

OFX Banking: support and preparation

Which OFX files are supported?

Only supported banking statements in OFX SGML 102 or XML 221 are accepted. This does not promise support for QFX, cards, investments, loans, pending or correction transactions, or lossless conversion.

Can I check a file before converting?

After signing in, you can request an OFX inspection without using credits or a trial conversion. The summary reports possible missing data and limitations; readiness does not guarantee a successful conversion.

What if dates or balances are missing?

Some CAMT.053 and MT940 outputs require exact value dates or opening balances. You must provide or explicitly attest permitted facts yourself; ValidConvert never silently treats a posting date as a value date or invents an opening balance.

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