diff --git a/gnucash/import-export/aqb/dialog-ab-trans.c b/gnucash/import-export/aqb/dialog-ab-trans.c
index 718e530e03e..1a45cca2e20 100644
--- a/gnucash/import-export/aqb/dialog-ab-trans.c
+++ b/gnucash/import-export/aqb/dialog-ab-trans.c
@@ -688,8 +688,8 @@ gnc_ab_trans_dialog_verify_values(GncABTransDialog *td)
         gnc_ab_trans_dialog_entry_set (amount_entry, "", NULL);
     }
 
-    /* Check transaction purpose */
-    purpose = gnc_ab_get_purpose(td->ab_trans);
+    /* Check transaction purpose. OFX doesn't do transfers. */
+    purpose = gnc_ab_get_purpose(td->ab_trans, FALSE);
     if (!purpose || !strlen(purpose))
     {
         gnc_ab_trans_dialog_entry_set (td->purpose_entry,
diff --git a/gnucash/import-export/aqb/gnc-ab-transfer.c b/gnucash/import-export/aqb/gnc-ab-transfer.c
index ec21267aa5b..74f337c2478 100644
--- a/gnucash/import-export/aqb/gnc-ab-transfer.c
+++ b/gnucash/import-export/aqb/gnc-ab-transfer.c
@@ -238,7 +238,8 @@ gnc_ab_maketrans(GtkWidget *parent, Account *gnc_acc,
         gnc_xfer_dialog_set_amount_sensitive(xfer_dialog, FALSE);
         gnc_xfer_dialog_set_date_sensitive(xfer_dialog, FALSE);
 
-        description = gnc_ab_description_to_gnc(ab_trans);
+        /* OFX doesn't do transfers. */
+        description = gnc_ab_description_to_gnc(ab_trans, FALSE);
         gnc_xfer_dialog_set_description(xfer_dialog, description);
         g_free(description);
 
diff --git a/gnucash/import-export/aqb/gnc-ab-utils.c b/gnucash/import-export/aqb/gnc-ab-utils.c
index 131481cb9e7..bf04ea873b3 100644
--- a/gnucash/import-export/aqb/gnc-ab-utils.c
+++ b/gnucash/import-export/aqb/gnc-ab-utils.c
@@ -363,7 +363,7 @@ gnc_ab_get_remote_name(const AB_TRANSACTION *ab_trans)
 }
 
 gchar *
-gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans)
+gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans, gboolean is_ofx)
 {
     const GWEN_STRINGLIST *ab_purpose;
     const char *ab_transactionText = NULL;
@@ -371,7 +371,7 @@ gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans)
 
     g_return_val_if_fail(ab_trans, g_strdup(""));
 
-    if (gnc_prefs_get_bool(GNC_PREFS_GROUP_AQBANKING, GNC_PREF_USE_TRANSACTION_TXT)) 
+    if (!is_ofx && gnc_prefs_get_bool(GNC_PREFS_GROUP_AQBANKING, GNC_PREF_USE_TRANSACTION_TXT)) 
     {
         /* According to AqBanking, some of the non-swift lines have a special
          * meaning. Some banks place valuable text into the transaction text,
@@ -393,10 +393,10 @@ gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans)
 }
 
 gchar *
-gnc_ab_description_to_gnc(const AB_TRANSACTION *ab_trans)
+gnc_ab_description_to_gnc(const AB_TRANSACTION *ab_trans, gboolean is_ofx)
 {
     /* Description */
-    gchar *description = gnc_ab_get_purpose(ab_trans);
+    gchar *description = gnc_ab_get_purpose(ab_trans, is_ofx);
     gchar *other_name = gnc_ab_get_remote_name(ab_trans);
     gchar *retval;
 
@@ -527,8 +527,10 @@ gnc_ab_trans_to_gnc(const AB_TRANSACTION *ab_trans, Account *gnc_acc)
     /* Trans-Num or Split-Action set with gnc_set_num_action below per book
      * option */
 
+    fitid = AB_Transaction_GetFiId(ab_trans);
+
     /* Description */
-    description = gnc_ab_description_to_gnc(ab_trans);
+    description = gnc_ab_description_to_gnc(ab_trans, (fitid && *fitid));
     xaccTransSetDescription(gnc_trans, description);
     g_free(description);
 
@@ -549,10 +551,10 @@ gnc_ab_trans_to_gnc(const AB_TRANSACTION *ab_trans, Account *gnc_acc)
         gnc_set_num_action (gnc_trans, split, custref, NULL);
 
     /* Set OFX unique transaction ID */
-    fitid = AB_Transaction_GetFiId(ab_trans);
     if (fitid && *fitid)
         gnc_import_set_split_online_id(split, fitid);
 
+    /* FIXME: Extract function */
     {
         /* Amount into the split */
         const AB_VALUE *ab_value = AB_Transaction_GetValue(ab_trans);
diff --git a/gnucash/import-export/aqb/gnc-ab-utils.h b/gnucash/import-export/aqb/gnc-ab-utils.h
index ca7153dec4c..3f3fc4467f9 100644
--- a/gnucash/import-export/aqb/gnc-ab-utils.h
+++ b/gnucash/import-export/aqb/gnc-ab-utils.h
@@ -179,7 +179,7 @@ gchar *gnc_ab_get_remote_name(const AB_TRANSACTION *ab_trans);
  * @param ab_trans AqBanking transaction
  * @return A newly allocated string, may be ""
  */
-gchar *gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans);
+gchar *gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans, gboolean is_ofx);
 
 /**
  * Create the appropriate description field for a GnuCash Transaction by the
@@ -189,7 +189,7 @@ gchar *gnc_ab_get_purpose(const AB_TRANSACTION *ab_trans);
  * @param ab_trans AqBanking transaction
  * @return A newly allocated string, may be ""
  */
-gchar *gnc_ab_description_to_gnc(const AB_TRANSACTION *ab_trans);
+gchar *gnc_ab_description_to_gnc(const AB_TRANSACTION *ab_trans, gboolean is_ofx);
 
 /**
  * Create the appropriate memo field for a GnuCash Split by the information