diff --git a/pkg/converters/ofx/ofx_data_reader.go b/pkg/converters/ofx/ofx_data_reader.go
index 78cc21ae..0e7336cc 100644
--- a/pkg/converters/ofx/ofx_data_reader.go
+++ b/pkg/converters/ofx/ofx_data_reader.go
@@ -23,7 +23,7 @@ import (
 
 const ofx1USAsciiEncoding = "usascii"
 const ofx1UnicodeEncoding = "unicode"
-const ofx1UTF8Encoding = "utf8" // non-standard ofx 1.x encoding, used by some banks (https://github.com/mayswind/ezbookkeeping/issues/48)
+const ofx1UTF8Encoding = "utf-8" // non-standard ofx 1.x encoding, used by some banks (https://github.com/mayswind/ezbookkeeping/issues/48)
 const ofx1SGMLDataFormat = "OFXSGML"
 
 var ofx2HeaderPattern = regexp.MustCompile("<\\?OFX( +[A-Z]+=\"[^=]*\")* *\\?>")