diff --git a/packages/loot-core/src/server/accounts/ofx2json.ts b/packages/loot-core/src/server/accounts/ofx2json.ts
index 2050936fbae7ebcef41ca8cf2c980968f692f844..91e1f50b4e1682722d5a45f43265c07c8a2d7e83 100644
--- a/packages/loot-core/src/server/accounts/ofx2json.ts
+++ b/packages/loot-core/src/server/accounts/ofx2json.ts
@@ -87,7 +87,7 @@ function getInvStmtTrn(ofx) {
 }
 
 function getAsArray(value) {
-  return Array.isArray(value) ? value : [value];
+  return Array.isArray(value) ? value : value === undefined ? [] : [value];
 }
 
 function mapOfxTransaction(stmtTrn): OFXTransaction {
diff --git a/upcoming-release-notes/2342.md b/upcoming-release-notes/2342.md
new file mode 100644
index 0000000000000000000000000000000000000000..abd5998924ac307c184ec220b95697074f484985
--- /dev/null
+++ b/upcoming-release-notes/2342.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [twk3]
+---
+
+Fix parse errors with OFX data with no transactions