StatementFlow
StatementFlow is an AI-powered bank statement converter that transforms PDFs, scans, and phone photos from any bank into structured Excel, CSV, QuickBooks (QBO), or OFX files. It uses vision AI to extract transaction data, including dates, descriptions, amounts, and balances, without requiring pre-built templates. This allows it to handle statements from thousands of banks worldwide, including those with non-standard layouts. The service is designed with a strong emphasis on privacy: all files are processed in memory and deleted immediately after conversion, with no human access to the data. It uses TLS 1.3 encryption for uploads and does not store, sell, or share financial data. StatementFlow offers a free tier with 10 pages per month and credits that never expire, along with a Pro plan for higher volumes. Unlike competitors that charge upfront or expire unused credits, StatementFlow has no credit card requirement for the free tier and no automatic billing. Future enhancements include cell editing before export and direct integration with QuickBooks and Xero. The platform supports a wide range of export formats, making it suitable for accounting, tax preparation, and financial analysis.
- Category
- Finance
- Pricing
- Paid
Problem solved
Manual entry and conversion of bank statements into spreadsheets or accounting software is time-consuming and error-prone. Template-based converters fail on scanned, photographed, or international formats. StatementFlow's AI accurately extracts transactions from any bank statement image, regardless of layout, and delivers clean, structured data in seconds.
Use cases
- Export bank transactions to Excel for personal or business accounting
- Import transaction data directly into QuickBooks or Xero
- Reconcile bank statements with automated balance verification
- Digitize physical bank statements from scans or photos
- Convert multi-page PDF statements into CSV for data analysis
- Maintain audit trails by archiving structured transaction records
Audience
- Business Users
- Enterprise
- Startups
Pros
- Privacy-focused: no file storage, instant deletion
- Handles scans, photos, and PDFs from any bank
- Transparent pricing with free tier and no credit card required
- Fast AI extraction with high accuracy
- Multi-format export (Excel, CSV, QBO, OFX)
Cons
- Limited free tier (10 pages per month)
- No desktop or mobile app
- No API for automated workflows
- Upcoming edit feature not yet available
- Only converts bank statements (not invoices or receipts)
Official website: https://statementflow.io/
Canonical LambdaBase page: https://www.lambdabase.com/tools/statementflow