Bank Statement Extract is an AI-powered tool that converts PDF bank statements into structured Excel files. It is designed for accountants, financial teams, and business owners who need to process bank statements without manual data entry.
Key Features
- Custom data extraction: users describe what data they need in plain language and the AI extracts the relevant fields into Excel columns
- Multi-PDF processing: upload multiple bank statements at once with unlimited pages per batch, saving hours of repetitive work
- Lightning-fast results: converts statements in seconds with 99.8 percent accuracy, processing over 1,000 transactions per minute
- Multi-language extraction: supports bank statements in different languages and formats from financial institutions worldwide
- Universal bank compatibility: works with major banks including Bank of America, Chase, Citibank, Wells Fargo, HSBC, BNP Paribas, Barclays, and Deutsche Bank among others
- Custom schema definition: users define exactly how their data appears in the output, specifying which fields to extract and how to organize them
- One-click download: after processing, the formatted Excel file is ready for immediate download with no additional steps
- Supports scanned PDFs and images: the tool can extract data from scanned PDF bank statements and images, not just digital PDFs
How It Works
The conversion process follows three simple steps. First, users upload their PDF bank statements by dragging and dropping them into the platform. Second, they describe the data they need extracted in simple words or define a custom extraction schema. Third, the AI processes the statements and provides a formatted Excel file for instant download. The entire process takes seconds.
Use Cases
- Financial reporting: accountants can convert monthly statements into Excel for reconciliation, analysis, and reporting
- Audit preparation: finance teams can process large volumes of bank statements to prepare audit documentation and compliance reports
- Data migration: businesses migrating to new accounting software can convert historical bank statements into structured data for import
- Multi-entity consolidation: holding companies and financial controllers can combine statements from different banks, currencies, and regions into unified spreadsheets
- Accounts receivable verification: lenders and mortgage brokers can verify income by processing applicant bank statements into analyzable data
Pricing
Bank Statement Extract offers three subscription tiers. The Starter plan is 30 dollars per month for 400 pages, suitable for individual accountants and small businesses. The Professional plan is 60 dollars per month for 1,000 pages with priority email support, designed for growing firms. The Business plan is 99 dollars per month for 4,000 pages with priority 24/7 support, aimed at larger organizations. Annual billing saves up to 50 percent compared to monthly billing. A free trial includes 10 credits for new users to evaluate the service. All plans include batch processing, multi-language extraction, and universal bank compatibility.
Security and Privacy
Uploaded files are processed and immediately deleted after conversion. The platform does not store uploaded statements or extracted data on its servers, ensuring sensitive financial information remains private and confidential. This zero-retention approach is designed to meet the data handling requirements of financial professionals.
