{"id":2032,"date":"2026-09-22T18:45:51","date_gmt":"2026-09-22T11:45:51","guid":{"rendered":"https:\/\/blog.trustanalytica.org\/?p=2032"},"modified":"2026-09-22T22:45:05","modified_gmt":"2026-09-22T15:45:05","slug":"statementscan-io-review-how-accurate-is-its-bank-statement-conversion","status":"publish","type":"post","link":"https:\/\/trustanalytica.org\/blog\/statementscan-io-review-how-accurate-is-its-bank-statement-conversion\/","title":{"rendered":"StatementScan.io Review: How Accurate Is Its Bank Statement Conversion?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">StatementScan.io is an online bank statement converter. People who need to convert a PDF copy of a bank statement into an editable Excel spreadsheet often use this tool. PDF files work well for reading, but they can make the data hard to use in Excel or accounting software.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where an online bank statement converter can help. It can take a bank statement and turn its transactions into a spreadsheet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">StatementScan takes a bank statement and turns its transactions into a spreadsheet. It not only converts the statement. It also checks the extracted transactions against the closing balance on the original statement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, how accurate is it? Let&#8217;s test this out.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Is StatementScan.io?<\/span><\/h2>\n<p><a href=\"https:\/\/statementscan.io\/\"><span style=\"font-weight: 400;\">StatementScan.io is a free bank statement converter<\/span><\/a><span style=\"font-weight: 400;\"> that turns bank statements into Excel or CSV files. It accepts PDF, JPG, and PNG files. It can also process scanned and photographed statements.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2049\" src=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/What-Is-StatementScan.io_.jpg\" alt=\"What Is StatementScan.io?\" width=\"800\" height=\"244\" srcset=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/What-Is-StatementScan.io_.jpg 800w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/What-Is-StatementScan.io_-300x92.jpg 300w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/What-Is-StatementScan.io_-768x234.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The tool does not require an account or sign-up. It also does not place a daily limit on conversions. That means you can simultaneously extract data from your bank statements without paying a penny.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The output from this converter includes five main fields:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Date of transaction<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Transaction details<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Money in &amp; Money out<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Deposits &amp; Credit balance<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The tool offers to download the result as an Excel or CSV file that works with MS Excel, Google Sheets, QuickBooks, and other bookkeeping software.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Does StatementScan Convert a Bank Statement?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This online bank statement converter uses OCR technology to extract text from PDF bank statements and convert them into organized spreadsheets. The tool is very simple and easy to use. To convert a bank statement, you just need to:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Upload the file<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Let the tool process<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Download results<\/span><\/li>\n<\/ol>\n<h3><span style=\"font-weight: 400;\">What\u2019s the Extraction Accuracy?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To check the text extraction accuracy of this tool, we performed a small test. We uploaded a dummy bank statement PDF to the tool.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2051\" src=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Upload-PDF.jpg\" alt=\"We uploaded a dummy bank statement PDF to the tool.\" width=\"800\" height=\"267\" srcset=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Upload-PDF.jpg 800w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Upload-PDF-300x100.jpg 300w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Upload-PDF-768x256.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As we uploaded the file, the tool automatically initiated the reading and conversion process. Just after a second, it provided us with the following results.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2052\" src=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Results.jpg\" alt=\"Just after a second, it provided us with the following results.\" width=\"1200\" height=\"717\" srcset=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Results.jpg 1200w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Results-300x179.jpg 300w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Results-1024x612.jpg 1024w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Results-768x459.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">To us, the bank statement conversion looks quite good. Excel and CSV downloads are also available, and we found no watermarks inside.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides all that, a surprising thing is that statementscan.io does more than simple text extraction. Look at the \u2018Ask about this statement\u2019 section we have attached below.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2053\" src=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Statement.jpg\" alt=\"Look at the \u2018Ask about this statement\u2019 section\" width=\"1200\" height=\"535\" srcset=\"https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Statement.jpg 1200w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Statement-300x134.jpg 300w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Statement-1024x457.jpg 1024w, https:\/\/blog.trustanalytica.org\/wp-content\/uploads\/2026\/09\/Statement-768x342.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Based on the data inside the statement, it generated a summary telling:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Where the money is spent<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What the biggest payments were<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who is paid the most<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Seems to be quite a valuable output.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How Does It Handle Scanned Bank Statements?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is another useful part of the tool. A normal PDF may contain actual text. A scanned statement may only contain an image. StatementScan uses OCR for scans and photos. It also supports JPG and PNG files.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The quality of the image still matters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A clear scan gives the OCR system a better chance of reading every row. A blurry or angled photo can cause problems. So, for the best results:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Use a clear PDF when possible.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Keep scanned pages straight.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Use good lighting for photos.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Make sure the full page appears in the image.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Check the converted data before downloading.<\/span><\/em><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Does It Work With Different Banks?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">StatementScan does not rely on a fixed list of supported banks. Instead, it works out the layout from the statement itself.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the tool, this approach allows it to work with many banks, including smaller building societies and credit unions. It also supports both UK and US statements, including their different date formats.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This can be useful because banks do not all use the same statement design.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is StatementScan.io Private?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Privacy matters a lot when you handle bank statements. For normal PDF bank statements, StatementScan says the file stays on your computer and gets read in your browser. It does not upload the PDF to its servers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Scans and photos work differently because they need an image-reading service. StatementScan says these images go to Microsoft Azure for processing. The platform says that it does not share or sell users&#8217; information for any purposes.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Final Verdict<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">StatementScan offers more than a basic PDF-to-Excel conversion. It can read digital PDFs, scans, and put transactions into clear spreadsheet columns. You can download the results as a CSV and Excel file that contains no watermarks. Most importantly, it checks the extracted transactions against the statement&#8217;s closing balance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>StatementScan.io is an online bank statement converter. People who need to convert a PDF copy of a bank statement into an editable Excel spreadsheet often use this tool. PDF files work well for reading, but they can make the data hard to use in Excel or accounting software. This is where an online bank statement [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":2033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StatementScan.io Review: Accuracy, Features &amp; Results - TrustAnalytica<\/title>\n<meta name=\"description\" content=\"Read our StatementScan.io review to see how accurately it converts bank statements to Excel and CSV, handles scanned files, and checks extracted data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustanalytica.org\/blog\/statementscan-io-review-how-accurate-is-its-bank-statement-conversion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StatementScan.io Review: Accuracy, Features &amp; Results - 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