Yes, Quicken says QIF files are not supported, but yes, QIF files correctly prepared are importable directly into bank or credit account in Quicken. QIF and QFX (web connect) files add transactions to your Quicken file, not replace them. Unlike QFX (Web Connect) and QIF files, QXF replaces the whole data file and can create only from another Quicken that is the same year and the same platform (PC/Mac) as you have. There are also the QXF files that you do not want. Investing in a converter that creates QIF files from your CSV or OFX or QFX or QBO files is a good idea because you keep using your Quicken version until you see features worthy upgrade to the new Quicken version. Once Quicken becomes three years old, it stops import QFX (Web Connect) files.
Quicken imports QIF and QFX (Web Connect) files with transactions. To import QIF into Quicken (to import a QIF file into Quicken 2005-2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021), you need to create a correct QIF file and follow the instructions below.
