Try the #1 Bank Statement Extractor for Small Businesses

Extract transaction data from your bank statements to Excel in seconds. Compatible with 1000s of banks around the world.

⚡️ Fast & accurate data🔒 100% secure and private✅ 1-Click Export to Excel
as seen on
AI Tools
Future Tools
There's an AI for that
SaaSworthy

What We Extract

Extract data from bank statements

Manual data entry from bank statements is time-consuming and error-prone. Businesses spend countless hours copying transaction data into spreadsheets and accounting software. Our AI-powered extraction tool automates this process, saving you valuable time and ensuring accuracy.

Transaction Details
Dates, descriptions, amounts, and running balances from every transaction are automatically captured and organized.
Account Information
Account numbers, bank details, statement periods, and opening/closing balances are precisely extracted.
AI Categorization
Transactions are automatically categorized into expense types like utilities, rent, payroll, and more.
Data Validation
Built-in verification ensures accuracy of extracted information and balance calculations.
Custom Fields
Add your own categories and fields to match your business needs.
Secure Cloud Storage
Optional secure cloud storage with encrypted backup and easy retrieval.

Simple Extraction Process

How to Extract Your Bank Statement

Transform your bank statements into organized, actionable data in minutes. Our powerful AI makes the process simple and accurate.

Bank statement extraction process
  • Upload Your Statement. Simply drag and drop your bank statement PDF into our secure upload zone. We support statements from thousands of banks worldwide, ensuring compatibility with your financial institution.
  • AI Processing. Our advanced AI technology automatically extracts all transaction data, including dates, descriptions, amounts, and running balances. The system intelligently categorizes transactions and validates the data for accuracy.
  • Review & Export. Quickly review the extracted data in our user-friendly interface. Make any necessary adjustments, then export to Excel, CSV, or your preferred format with a single click. Your data remains secure throughout the entire process.

Ready to get started?

Join thousands of businesses who trust our AI-powered bank statement extractor. Save hours of manual data entry and reduce errors with our automated solution. Try it now and experience the difference.

Ready to get started?
Try it now and save hours.

Why extract transaction data?

Digitizing bank statement data unlocks powerful financial insights and streamlines your business operations. Transform your financial management with structured transaction data.

Track Spending Patterns

Gain deep insights into your financial behavior by analyzing spending patterns and identifying opportunities to reduce costs. Make data-driven decisions to optimize your business expenses.

Simplify Tax Preparation

Streamline your tax preparation process with organized financial data. Export categorized transactions and detailed reports that make tax season and financial reporting effortless.

Automate Bookkeeping

Save hours of manual data entry by automating your bookkeeping processes. Our system automatically reconciles transactions and maintains accurate financial records for your business.

Cash Flow Forecasting

Generate accurate cash flow forecasts and budgets based on historical transaction data. Plan ahead with confidence using detailed financial insights.

Audit-Ready Records

Maintain comprehensive financial records that are always audit-ready. Keep detailed transaction histories with supporting documentation all in one secure place.

Learn why ReceiptsAI is the #1 Bank Statement Extractor for Small Businesses

Powerful features designed specifically for processing and managing bank statements with ease.

Smart Extraction

Intelligent Data Recognition
Our AI automatically identifies and extracts transaction details, dates, amounts, and categories with high accuracy.
Multi-Bank Support
Compatible with statements from all major banks and credit card providers worldwide.
Bulk Processing
Process multiple statements at once, perfect for reconciling months of transactions.

Data Management

Smart Categorization
Automatic expense categorization using AI pattern recognition and merchant analysis.
Data Validation
Built-in verification ensures accuracy of extracted information and balance calculations.
Custom Fields
Add your own categories and fields to match your business needs.

Security & Privacy

Bank-Level Security
Enterprise-grade encryption and secure data handling protects your sensitive financial information.
GDPR Compliant
Full compliance with European data protection regulations and privacy standards.
Secure Cloud Storage
Optional secure cloud storage with encrypted backup and easy retrieval.

Export & Integration

Multiple Export Formats
Export to Excel, CSV, PDF, or integrate directly with your accounting software.
Custom Reports
Generate custom reports and analytics based on your extracted data.
API Access
Integrate with your existing tools through our developer-friendly API.

Frequently Asked Questions

Answers to common questions about our AI receipt-encoding service

Is my financial data secure?

Absolutely. We prioritize the security of your sensitive financial information. Your data is encrypted and stored securely, and we never share it with third parties.

How accurate is the AI data extraction?

Our AI is highly accurate, especially with clear, digital bank statements. However, accuracy can vary depending on the format and quality of the statement. We provide an easy review process to ensure 100% accuracy.

What information does the tool extract from bank statements?

Our tool extracts transaction dates, descriptions, amounts, running balances, and can categorize transactions. It also captures account details, statement periods, and opening/closing balances.

Which banks are supported?

Our tool is designed to work with statements from most major banks. If you encounter issues with a specific bank's format, please let us know, and we'll work on adding support.

Can I upload multiple statements at once?

Yes, you can upload multiple statements in a single session. This is particularly useful for processing historical data or statements from multiple accounts.

What file formats do you accept?

We accept PDF files, which is the most common format for bank statements. We're working on adding support for CSV and other formats in the future.

How far back can I process statements?

There's no limit on how old the statements can be. You can process statements from any time period, making it easy to digitize and analyze your historical financial data.

Can I export the extracted data?

Yes, you can export the extracted data in various formats, including Excel and CSV. This makes it easy to import the data into your preferred accounting or financial analysis software.

Save time managing receipts

Join 300+ small businesses around the world who use ReceiptsAI to assist with their bookkeeping.

ReceiptsAI screenshot