diff --git a/ledgerautosync/cli.py b/ledgerautosync/cli.py
index e03eb0c..a007c59 100755
--- a/ledgerautosync/cli.py
+++ b/ledgerautosync/cli.py
@@ -55,7 +55,7 @@ def find_ledger_file(ledgerrcpath=None):
         return None
 
 
-def print_results(converter, ofx, ledger, txns, args):
+def print_results(converter, ofx, ledger, txns, args, account_idx=0):
     """
     This function is the final common pathway of program:
 
@@ -69,18 +69,18 @@ def print_results(converter, ofx, ledger, txns, args):
         if (not(ledger.check_transaction_by_id
                 ("ofxid", converter.mk_ofxid(AUTOSYNC_INITIAL))) and
                 not(ledger.check_transaction_by_id("ofxid", ALL_AUTOSYNC_INITIAL))):
-            print(converter.format_initial_balance(ofx.account.statement))
+            print(converter.format_initial_balance(ofx.accounts[account_idx].statement))
     for txn in txns:
         print(converter.convert(txn).format(args.indent))
     if args.assertions:
-        print(converter.format_balance(ofx.account.statement))
+        print(converter.format_balance(ofx.accounts[account_idx].statement))
 
     # if OFX has positions use these to obtain commodity prices
     # and print "P" records to provide dated/timed valuations
     # Note that this outputs only the commodity price,
     # not your position (e.g. # shares), even though this is in the OFX record
-    if hasattr(ofx.account.statement, 'positions'):
-        for pos in ofx.account.statement.positions:
+    if hasattr(ofx.accounts[account_idx].statement, 'positions'):
+        for pos in ofx.accounts[account_idx].statement.positions:
             print(converter.format_position(pos))
 
 def make_ofx_converter(account,
@@ -151,31 +151,48 @@ def import_ofx(ledger, args):
     sync = OfxSynchronizer(ledger, hardcodeaccount=args.hardcodeaccount,
                            shortenaccount=args.shortenaccount)
     ofx = OfxSynchronizer.parse_file(args.PATH)
-    txns = sync.filter(
-        ofx.account.statement.transactions,
-        ofx.account.account_id)
-    accountname = args.account
-    if accountname is None:
-        if ofx.account.institution is not None:
-            accountname = "%s:%s" % (ofx.account.institution.organization,
-                                     ofx.account.account_id)
-        else:
-            accountname = UNKNOWN_BANK_ACCOUNT
 
-    # build SecurityList (including indexing by CUSIP and ticker symbol)
-    security_list = SecurityList(ofx)
+    if args.account != None and len(args.account) != len(ofx.accounts):
+        sys.stderr.write("number of account name (--account) does not match the number of accounts in the OFX file\n")
+        exit(1)
+
+    account_idx = 0
+    for account in ofx.accounts:
+        txns = sync.filter(
+            account.statement.transactions,
+            account.account_id)
+        try:
+            accountname = args.account[account_idx]
+        except (IndexError, TypeError):
+            accountname = None
+        if accountname is None:
+            if account.institution is not None:
+                accountname = "%s:%s" % (account.institution.organization,
+                                         account.account_id)
+            elif args.account_format is not None:
+                accountname = args.account_format.format(
+                        account_id=account.account_id,
+                        account_type=account.account_type,
+                        routing_number=account.routing_number,
+                        branch_id=account.branch_id)
+            else:
+                accountname = "%s:%s" % (UNKNOWN_BANK_ACCOUNT, account_idx)
+
+        # build SecurityList (including indexing by CUSIP and ticker symbol)
+        security_list = SecurityList(ofx)
 
-    converter = make_ofx_converter(account=ofx.account,
-                                   name=accountname,
-                                   ledger=ledger,
-                                   indent=args.indent,
-                                   fid=args.fid,
-                                   unknownaccount=args.unknownaccount,
-                                   payee_format=args.payee_format,
-                                   hardcodeaccount=args.hardcodeaccount,
-                                   shortenaccount=args.shortenaccount,
-                                   security_list=security_list)
-    print_results(converter, ofx, ledger, txns, args)
+        converter = make_ofx_converter(account=account,
+                                 name=accountname,
+                                 ledger=ledger,
+                                 indent=args.indent,
+                                 fid=args.fid,
+                                 unknownaccount=args.unknownaccount,
+                                 payee_format=args.payee_format,
+                                 hardcodeaccount=args.hardcodeaccount, #TODO
+                                 shortenaccount=args.shortenaccount, #TODO
+                                 security_list=security_list)
+        print_results(converter, ofx, ledger, txns, args, account_idx)
+        account_idx += 1
 
 
 def import_csv(ledger, args):
@@ -218,7 +235,7 @@ def run(args=None, config=None):
                         help='do not stop until max days reached')
     parser.add_argument('PATH', nargs='?', help='do not sync; import from OFX \
 file')
-    parser.add_argument('-a', '--account', type=str, default=None,
+    parser.add_argument('-a', '--account', type=str, default=None, action='append',
                         help='sync only the named account; \
 if importing from file, set account name for import')
     parser.add_argument('-l', '--ledger', type=str, default=None,
@@ -272,6 +289,14 @@ def run(args=None, config=None):
         {tferaction} for OFX. If the input file is a CSV file,
         substitutions are written using the CSV file column names
         between {}.""")
+    parser.add_argument(
+        '--account-format',
+        type=str,
+        default=None,
+        dest='account_format',
+        help="""Format string to use for generating the account line.
+        Substitutions can be written using {account_id}, {routing_number},
+        {branch_id}, {account_type} for OFX.""")
     parser.add_argument('--python', action='store_true', default=False,
                         help='use the ledger python interface')
     parser.add_argument('--slow', action='store_true', default=False,