Guide
How to Extract Data from a Bank Statement
Manually typing data off bank statements is slow and error-prone. Here is the fastest way to turn any bank statement into clean, structured data — for lenders, underwriters, and accountants.
The 4-step method
- 1
Upload your bank statement
Drag and drop your bank statement — PDF (including scanned), photo (PNG/JPG/WEBP), Word, or Excel. No template setup and no fixed layout required.
- 2
Let the AI read it
The AI reads the bank statement the way a person would — understanding layout and context — and extracts every field in about 10 seconds.
- 3
Review the extracted fields
Check the structured result with a per-field confidence score so you know exactly what to verify. Nothing is guessed silently.
- 4
Export to JSON, CSV, or Excel
Download the data as JSON, CSV, or Excel, copy it to your clipboard, or pull it programmatically via the API. Feed it straight into your workflow.
What gets extracted
- ✓Account holder & bank name
- ✓Statement period
- ✓Opening & closing balance
- ✓Every transaction (date, description, amount)
- ✓Total deposits & withdrawals
Manual entry vs. AI extraction
| Manual typing | Statement OCR | |
|---|---|---|
| Time per bank statement | 10-20 minutes | ~10 seconds |
| Error rate | High (typos, transpositions) | 95%+ accuracy, confidence-scored |
| Scales to volume | Add headcount | Batch + API |
| Output | Manual spreadsheet | JSON, CSV, Excel |
FAQ
What is the fastest way to extract data from a bank statement?
Upload the bank statement to Statement OCR and the AI returns structured data (JSON/CSV/Excel) in seconds. It replaces 10-20 minutes of manual re-keying per document and works on scanned files and photos.
Do I need to build a template or train a model?
No. Unlike template-based OCR tools, the AI understands bank statement layouts out of the box — including formats it has never seen. There is nothing to configure before your first extraction.
Can I extract data from a scanned or photographed bank statement?
Yes. Native PDFs, scans, and phone photos all work. Image quality affects accuracy, and each field comes with a confidence score.
How do I extract data from many bank statements at once?
Paid plans include batch upload and a REST API so you can process hundreds of bank statements programmatically instead of one at a time.
Is my bank statement data secure?
Documents are processed and discarded — files are not retained after extraction. The extracted data lives in your account until you delete it.