QuarterSpot is wondering if there is any interest to send an OFX file for a submission instead of a PDF of the bank statements. OFX is the format of a bank statement electronically downloaded and sent over from the merchant, just like a PDF.

https://en.wikipedia.org/wiki/Open_Financial_Exchange

Does anyone currently get these from their merchants?
Do you currently have to explain how to download a PDF and could ask for the OFX?

We know we can underwrite quicker if they come in this format. We just dont know if it screws up your workflow too much to get it.

Thanks for the feedback.

Mike

https://www.quarterspot.com/partner-registration