Bank2QBO and CSV2QBO: What These Converters Do and When to Use One

Bank2QBO, CSV2QBO, and Bank2QIF are desktop utilities made by ProperSoft that take a file you already have, a bank-downloaded CSV, QFX, or OFX export, and convert it into a .qbo Web Connect file (or a .qif for Quicken) that QuickBooks can import as a bank feed. They are installed Windows or Mac applications, not web tools, and they expect a clean transaction file as input rather than a scanned PDF. Bank2QBO focuses on bank download formats, CSV2QBO focuses on CSV and Excel exports, and Bank2QIF does the same job for Quicken users. Bookkeepers who already hold the right export file and want an offline, install-once tool tend to like them; anyone starting from a PDF statement usually finds a web-based PDF to QBO converter simpler.

Last updated July 2026.

The honest read: if your bank already hands you a clean CSV or QFX and you would rather pay once and own the license forever, MoneyThumb's Pro license is a real advantage over any subscription, ours included. If your source document is a PDF (which is what most banks and every credit union statement actually is), none of the ProperSoft tools listed here read that PDF without upgrading to ProperConvert, and MoneyThumb needs the separate PDF+ add-on to do it. That is the gap a web-based PDF converter fills.

What is Bank2QBO?

Bank2QBO is a ProperSoft utility that converts a bank-downloaded transaction file, such as a CSV, QFX, or OFX export, into a .qbo Web Connect file for QuickBooks. It installs on Windows or Mac and does the conversion locally.

ProperSoft has since folded Bank2QBO into its broader ProperConvert app, so buying it today effectively means buying ProperConvert, which reads the same export formats plus PDF, QIF, and a handful of others in a single program. Our ProperSoft alternative comparison covers ProperConvert's full pricing and format list in more detail.

What is CSV2QBO?

CSV2QBO is the ProperSoft tool built specifically for CSV and Excel files, converting them into a .qbo Web Connect file that imports into QuickBooks like a normal bank download. It does the same job as Bank2QBO but is aimed at spreadsheet exports rather than bank-specific download formats.

Like Bank2QBO, CSV2QBO is sold today through ProperConvert rather than as a separate purchase, so the pricing and installation are identical between the two. If you already have your transactions in a spreadsheet with clean date, amount, and description columns, this style of tool is a straightforward fit because there is no scanning or OCR step involved.

Do I need a desktop converter or a web converter?

It depends on what file you are starting from. If you already have a CSV, QFX, or OFX export and want everything to run offline on your own machine, a desktop converter like Bank2QBO, CSV2QBO, or MoneyThumb's 2qbo Convert Pro is a reasonable choice.

If your starting point is a PDF statement, which is what nearly every bank and credit union provides by default, a web converter skips the install and reads the PDF directly. Some readers land here holding the opposite problem: they already have an OFX, QFX, or QBO file and need it reshaped into a different format, and for that kind of straight file-format conversion a general-purpose bank file converter that accepts PDF, CSV, Excel, OFX, QFX, and QBO can do the swap directly.

Can I convert a PDF bank statement to QBO?

Yes, but not with the base versions of these desktop tools. ProperSoft's original CSV2QBO and Bank2QBO do not read PDFs; you need the full ProperConvert app for that. MoneyThumb's 2qbo Convert Pro needs its separate PDF+ add-on, sold on top of the base license.

bankqbo is built around this exact case: upload a PDF or a photo of a statement, and it runs OCR automatically before parsing the transactions, no add-on required. See the PDF to QBO converter for the details on how that works and what it costs to start.

Is a one-time license cheaper than a subscription?

Over several years, yes, a one-time license can work out cheaper, but it depends on how long you keep using it. MoneyThumb's Pro license runs $599.95 once; ProperConvert's individual subscription runs $179.99 a year, so the one-time license pays for itself in a little over three years and is free to keep using after that.

A one-time license usually does not include ongoing updates the way a subscription does, so check the vendor's current terms before counting on years of free use. For occasional, one-off jobs, a free-to-start web tool avoids committing to either.

Which converter works with QuickBooks Desktop?

All three of these tools, and bankqbo, write a standard .qbo Web Connect file, which is the same format QuickBooks Desktop accepts from any bank's website. You import it from File, Utilities, Import, Web Connect Files, exactly as if you had downloaded it directly from your bank.

Our QuickBooks Desktop import guide walks through that process step by step, including what to do if Desktop asks you to match the file to an existing bank account.

Choosing between a desktop license and a web converter

If your bank gives you a clean CSV or QFX export and you want an offline, one-time-license app that never touches the internet after install, the ProperSoft and MoneyThumb tools here are a fair buy. You are paying for local processing, a broad list of supported formats including Quicken's QIF, and, with MoneyThumb, the option to own the license outright.

If your source is a PDF statement, and it usually is, a web converter removes the install, the per-device license, and the separate PDF add-on fee. You upload the statement, the parsed transactions get checked against the statement's printed total, and you download a .qbo plus an Excel and CSV copy in the same step. Neither approach is wrong; it comes down to what file you are holding. See the full bank statement to QuickBooks converter comparison for how several tools stack up, and the MoneyThumb alternative page for a closer look at that vendor.

Frequently asked questions

Is Bank2QBO free?

No. ProperSoft offers a limited free trial capped at a small number of transactions per file, but full conversions require a paid ProperConvert subscription. There is no unlimited free tier for Bank2QBO or CSV2QBO.

Does CSV2QBO work with QuickBooks Online?

Yes. The .qbo Web Connect file it produces imports into QuickBooks Online the same way a bank feed download does. The file format itself does not care whether it lands in Online or Desktop; both read standard .qbo files the same way.

What is the difference between a .qbo and a .qif file?

A .qbo file is QuickBooks' Web Connect format; a .qif file is the older Quicken Interchange Format used mainly by Quicken and some older accounting tools. Bank2QIF produces .qif specifically, while Bank2QBO and CSV2QBO produce .qbo for QuickBooks.

Can I run Bank2QBO or CSV2QBO on a Mac?

Yes, ProperConvert (which now includes the Bank2QBO and CSV2QBO functionality) installs on both Windows and Mac. MoneyThumb's 2qbo Convert Pro is Windows-only for its Pro+ and Express licenses; Mac users are directed to MoneyThumb's separate online product instead.

Do I need the PDF+ add-on if my statements are already CSV files?

No. The PDF+ add-on only matters if you are starting from a scanned or printed PDF statement. If your bank already exports a CSV or QFX file, the base license handles that input without any add-on.

Is there a way to convert a PDF statement without installing anything?

Yes. A browser-based converter reads the PDF directly, checks the extracted total against the statement, and returns a .qbo file, with no software to install or license to activate on each machine. That is the approach bankqbo takes for statements that start as a PDF rather than an export file.

Try uploading a real statement at bankqbo to see the parsed transactions and reconciled total before you pay for anything. For background on the file format itself, read the QBO file explainer, and compare every option, desktop and web, in the bank statement to QuickBooks converter roundup.