What this free bank statement converter does
A bank statement converter turns a PDF bank statement — the kind your bank emails you each month — into a structured spreadsheet you can actually work with. Most banks let you download a PDF, but very few let you download a clean, categorized CSV. That gap is exactly what this tool closes. You upload one PDF, and we return an Excel or CSV file with one row per transaction: date, description, amount, type, and an AI-assigned category.
Under the hood we use the same parsing pipeline that powers the full StatementUp product. The PDF is read with a text-extraction layer (so we don't hallucinate transactions — we only emit rows that actually exist in the file). Then GPT-4o reads each transaction description and assigns a category from a small-business Chart of Accounts: Utilities, Payroll, Rent & Lease, Software & Subscriptions, Travel, Meals, and so on. The result is a spreadsheet you can drop straight into QuickBooks, Xero, Wave, a tax preparer's template, or your own bookkeeping workflow.
This page is intentionally a single-shot demo: one statement, one click, one download. If you want to convert many statements, build a real Profit & Loss report, reconcile across multiple accounts, or hand the output to your accountant in audit-ready form, that is what the full StatementUp plans are for.
Works with every major US bank
The converter is bank-agnostic — it works with any text-based PDF — but the engine has been validated against statement formats from the largest US banks and brokerages. If you bank with any of these, you'll get clean output:
- Chase — checking, savings, business checking, and credit card statements
- Bank of America — personal and business statements, including the Advantage and Business Advantage lines
- Wells Fargo — Everyday Checking, Business Choice, and credit card statements
- Citi — checking, savings, and Citi credit card statements
- Capital One — 360 Checking, Spark Business, and Venture/Quicksilver card statements
- Charles Schwab — High Yield Investor Checking and brokerage cash statements
It also works with US Bank, PNC, Truist, Ally, American Express, Discover, and most community banks and credit unions. The only requirement is that the PDF is text-based — i.e. you can copy text out of it with your mouse. Image-only scans need OCR first; that is available on the paid plans.
How the AI categorization works
Once we've extracted the transaction rows, each description is sent to GPT-4o with a structured prompt: here is a small-business Chart of Accounts, here is one transaction, return the best-matching category and a confidence score. The model has been calibrated against thousands of real US small-business transactions, so it knows that “PG&E WEB ONLINE” is Utilities, “GUSTO PAYROLL” is Payroll Expenses, and “ADOBE CREATIVE CLOUD” is Software & Subscriptions.
For transactions where the description is ambiguous — generic check numbers, internal transfers, untagged ACH — the model falls back to a keyword classifier and labels the row as Miscellaneous Expenses with low confidence. You can re-categorize anything in your spreadsheet, or sign up for the full product to set custom rules that the AI will remember next time.
The accuracy ceiling for first-pass AI categorization on US small business statements is roughly 85–95%, which matches what the published benchmarks for state-of-the-art LLMs deliver on this task. The remaining 5–15% is normal review work — and review work is exactly what a human bookkeeper would charge $400–$2000/month to do for you.
Frequently asked questions
Is this really free?
Yes. The bank statement converter is 100% free for one statement per browser session — no email, no signup, no credit card. We built it so anyone can try the AI parsing and categorization before deciding whether to sign up for the full StatementUp product.
Does it work with my bank?
It works with any text-based PDF bank statement, including Chase, Bank of America, Wells Fargo, Citi, Capital One, Charles Schwab, US Bank, PNC, Truist, Ally, and most community banks and credit unions. If your bank gives you a downloadable PDF, the converter will work. Scanned image-only PDFs are not supported in the free converter.
Is my data secure?
Yes. The PDF is processed in memory on our servers to extract transactions and is not stored, saved to disk, or used to train any AI model. No login means no account is created. The free converter exists to demonstrate the tech — your statement leaves our system as soon as the response is returned.
How accurate is the AI?
Transaction extraction (date, description, amount) is typically 99%+ accurate on standard bank statement PDFs. Category assignment uses GPT-4o trained on a small business Chart of Accounts and is typically 85–95% accurate on the first pass — accuracy improves significantly when you upgrade and the AI learns your custom rules over time.
How is this different from the paid StatementUp plans?
The free converter does one statement and gives you a categorized Excel/CSV. The paid StatementUp plans add: unlimited statements, multi-account consolidation, a full Profit & Loss report by month, Balance Sheet, Cash Flow Statement, tax-ready exports, custom categories, your own Chart of Accounts, audit-friendly reports, and integrations with QuickBooks Online. This page is intentionally a no-friction sample of the underlying engine.
Ready for more than one statement?
If you need to convert a year of statements, reconcile multiple accounts, or hand a real Profit & Loss report to your accountant or tax preparer, the full StatementUp product is built for exactly that workflow. See plans and start free →