How do I convert a bank statement PDF to Excel?

Upload your PDF bank statement, click Analyze, and once processing completes click the Excel download button. You can also download as CSV which opens directly in Microsoft Excel.

Does it work with credit card statements?

Yes. Credit card statements in PDF format work the same as bank statements. The tool extracts purchases, payments, refunds, interest charges, and fees.

What if my PDF is a scanned image?

The tool requires text-based PDFs (standard digital bank statements). Scanned or photographed statements where text cannot be selected are not supported, as they contain no machine-readable text.

What currencies does it support?

All major currencies are auto-detected: USD, GBP, EUR, INR, AUD, CAD, SGD, NZD, AED, and more. The currency symbol used in your statement is automatically identified.

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Bank Statement Analyzer

NewFree to Use

Upload a PDF bank statement to extract all transactions, convert to Excel or CSV, and get an AI-powered financial summary.

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Private & secure. Your PDF is processed to extract text, then immediately discarded. No financial data is ever stored or logged.

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Drop your bank statement PDF here

or click to browse · max 15 MB

Supports PDF statements from Chase, HDFC, HSBC, Barclays, ANZ, TD Bank, and most global banks

Frequently Asked Questions

Is my bank statement data secure?›

Your PDF is processed server-side to extract text and immediately discarded. We never store, log, or retain any financial data. Your statement never touches a database.

Which banks are supported?›

Any bank that produces text-based PDF statements — Chase, Bank of America, HSBC, Barclays, HDFC, SBI, ANZ, TD Bank, RBC, and most global banks. Scanned PDFs are not supported.

How do I convert a bank statement to Excel?›

Upload your PDF, click Analyze, then click the Excel button once results appear. You can also download CSV, which opens directly in Excel, Google Sheets, or Apple Numbers.

Does it work for credit card statements?›

Yes. Credit card statements in PDF format work the same — purchases, payments, refunds, interest, and fees are all extracted and categorized.

How accurate is the transaction extraction?›

Text-based PDFs extract at 90%+ accuracy. The AI cleans descriptions and standardizes date formats. Always verify totals against your original statement for accounting purposes.

What currencies are supported?›

All major currencies are auto-detected: USD, GBP, EUR, INR, AUD, CAD, SGD, NZD, AED and more. The currency is identified from your statement automatically.

What Is Bank Statement Analyzer?

A bank statement analyzer is a tool that reads a PDF bank statement, extracts all individual transactions, categorizes spending, and produces a structured financial summary. Formly's free bank statement analyzer uses AI to parse statements from any major bank worldwide — Chase, Bank of America, HSBC, Barclays, HDFC, SBI, ANZ, TD Bank, RBC, and more. Upload your PDF and get all transactions in a searchable table, downloadable as Excel (.xlsx) or CSV for use in Microsoft Excel, Google Sheets, or Apple Numbers. The AI automatically categorizes transactions across 15 spending categories: Shopping, Food & Dining, Transport, Utilities, Healthcare, Entertainment, Salary/Income, Transfer, ATM/Cash, Housing, Investment, Insurance, Subscription, Tax, and Other. A financial insights summary highlights your spending patterns, largest expenses, and net change for the statement period.

Why Formly's Bank Statement Analyzer Is the Best Free Option

✓Converts any bank statement PDF to Excel or CSV in under 60 seconds — no manual data entry.
✓AI categorizes every transaction automatically across 15 spending categories.
✓Generates an AI financial insights summary — spending patterns, net change, and observations.
✓Supports all major currencies: USD, GBP, EUR, INR, AUD, CAD, SGD, NZD and more.
✓Private and secure — your PDF text is never stored or logged.
✓Free with no account required — no credit card, no watermarks on exports.

Free Alternative to Cleo, Copilot Money, Tiller Money, Monarch Money

→Cleo: Cleo requires linking your live bank account. Formly works with any PDF — no bank login needed.

→Copilot Money: Copilot charges $13/month. Formly's bank statement analysis is completely free.

→Tiller Money: Tiller costs $79/year. Formly converts statements to spreadsheets for free.

→Monarch Money: Monarch Money requires account linking. Formly analyzes uploaded PDFs privately.

Who Uses Bank Statement Analyzer?

Freelancers and self-employed professionals

Extract and categorize business transactions from bank statements for quarterly tax filing and expense reporting.

Personal finance managers

Convert months of bank statements to Excel to track spending categories, build budgets, and identify saving opportunities.

Accountants and bookkeepers

Quickly extract client bank statement data into spreadsheets without manual data entry, saving hours per client.

Loan and mortgage applicants

Organize bank statement transactions into clean spreadsheets required by lenders and mortgage advisors.

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Looking for a detailed guide? Read our in-depth tutorial on using Bank Statement Analyzer for professional results.

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