What you get
A bank statement PDF is built for printing, not for math. Columns wrap, descriptions spill onto two lines, and page breaks split the table. StatementCheap reads the statement and gives you a plain XLSX workbook you can sort, filter and total right away.
Each transaction becomes one row with:
- Date of the transaction
- Description on a single line, even when the statement wraps it
- Amount as a signed number: negative for money out, positive for money in
- Balance, when the statement prints a running balance
- Reference, such as a check number, when one is printed
Dates are real Excel dates and amounts are real numbers, not text. That means SUM, sorting, pivot tables and filters work without any cleanup. A second sheet summarizes the statement: bank, last four digits of the account, period, opening and closing balances, total money in and out, and the reconciliation result.
How it works
- Download the statement from your online banking as a PDF.
- Drop it on the converter. One file can be up to 200 pages and 25 MB.
- Our AI reads the layout, finds the transaction table and extracts every row.
- We add up the transactions and compare them with the statement's own balances.
- Download Excel. CSV, QuickBooks, Xero and OFX are there too if you need them.
Why the balance check matters
The hard part of converting a statement isn't reading one row. It's knowing you got all of them. A missed line on page 3 or a debit read as a credit can go unnoticed for months.
Every statement prints an opening balance and a closing balance. If the extraction is complete and correct, the opening balance plus all the transactions equals the closing balance, to the cent. We run that check on every conversion and show you the result:
- Reconciled: the math matches the statement.
- Mismatch: the totals are off. We show the difference and point to the rows where the running balance stops adding up, so you know where to look.
- Unknown: the statement doesn't print the balances we need, so there's nothing to check against.
You should still look over your data before you rely on it. But a reconciled conversion tells you a lot more than "looks about right." If you want to run the same check yourself, our guide to reconciling a bank statement in Excel shows the formulas.
Other ways to do it
You don't always need a converter. If your bank offers a CSV or Excel download of transactions, use it. That data comes straight from the bank and is free.
For a one-page statement, copying and pasting into Excel can work, though the columns often land in the wrong place. Excel for Windows that comes with Microsoft 365 can also import PDF tables through Power Query, under Data > Get Data > From File > From PDF. It works well on some statements and poorly on others, and it doesn't check totals. We compare all three methods in how to convert a bank statement PDF to Excel.
A converter earns its keep when you have many statements, the bank only gives you PDFs (common for older months and closed accounts), or you need to know the numbers are complete.
Works with any bank
There are no per-bank templates to wait for. The AI reads the statement the way a person would, so it handles statements from US, UK, Canadian, Australian and other banks, in personal and business formats. We have download tips for common banks such as Chase, Bank of America and Wells Fargo.
Digital PDFs, the kind you download from online banking, give the best results. Scanned paper statements work too, but they are slower and less accurate. See scanned bank statements to Excel for tips.
What it costs
| Plan | Price | Pages |
|---|---|---|
| Free | $0 | 5 pages every day, no sign-up |
| Page pack | $6 one-time | 150 pages that never expire |
| Starter | $9/month | 500 pages a month |
| Pro | $19/month | 2,000 pages a month |
| Business | $49/month | 7,500 pages a month |
Annual plans get two months free. A failed conversion isn't charged. Full details are on the pricing page.
Your statement stays private
Files are processed in memory and are not stored by StatementCheap. The converted rows go back to your browser and aren't kept on our servers. We keep only metadata, such as the page count, the date and whether it reconciled, for billing and abuse prevention.
Works with statements from any bank, including Chase, Bank of America, Wells Fargo, Capital One, Barclays and HSBC.