Convert CAMT.053 to OFX

Why convert CAMT.053 to OFX?

As banks migrate from MT940 to CAMT.053 (ISO 20022), many accounting tools still prefer or require OFX for bank statement imports. QuickBooks, Xero, Sage, and Wave all have robust OFX import support built over decades. CAMT.053 support in these tools is often newer and less reliable.

Converting CAMT.053 to OFX bridges this gap: you receive the modern ISO 20022 format from your bank and convert it to the format your accounting software handles best. No manual data entry, no import errors.

How it works

FinConvert’s CAMT.053 parser handles the full complexity of ISO 20022 XML: namespace resolution, multiple statement versions, nested entry details, and balance elements. Each transaction is normalized into a universal model, then formatted as valid OFX 2.2 XML.

The OFX output includes proper FITID generation for deduplication, correct transaction type mapping (DEBIT/CREDIT), and all required OFX headers. The result is ready to import directly into your accounting software.

POST /v1/convert
Content-Type: multipart/form-data
file: statement.xml
to: ofx

The conversion preserves transaction amounts, dates, payee information, and reference numbers. Processing is stateless — your financial data is never stored, only transformed and returned.