Pricing Guide

Free vs Paid Bank Statement Converter

Honest comparison: Most users don't need paid plans. Free tier handles 1-2 statements/day (60/month). Paid makes sense at 3+ statements/month or when you need bulk processing. Break-even calculator and decision guide included.

10 min read
Updated January 15, 2025
Expert verified

The Honest Truth About Free vs Paid

Most people don't need paid plans. If you process 1-2 bank statements per month, the free tier is perfect and you should never upgrade.

Paid plans make sense when: (1) You need bulk upload (10-50 files at once), or (2) You process 3+ statements/month and paid is cheaper than alternatives. That's it.

All Tiers Compared

TierPriceDaily LimitPage LimitBulkFiles/BatchMonthly CapacityBest For
Anonymous (Free)$0/month1 statement5 pages max0~30 statementsTrying the service
Registered (Free)$0/month2 statements10 pages max0~60 statementsPersonal use (1-2/month)
Professional$49/monthUnlimited1,000 pages/month10 files~100 statementsSmall businesses, 3-20/month
Business$89/monthUnlimited2,000 pages/month25 files~200 statementsBookkeepers, 20-50/month
Enterprise$159/monthUnlimited4,000 pages/month50 files~400 statementsTax preparers, 50+/month

Break-Even Calculator: When Does Paid Make Sense?

Professional ($49/mo)

Break-Even Point
3 statements/month

vs Freelance VA at $6-12/statement

Calculation
$49 ÷ $12 = 4.1 statements → Break even at 3

Break even at 3 hours saved (vs $25/hr wage)

Worth it if you process 3+ statements/month or value your time

Business ($89/mo)

Break-Even Point
6 statements/month

vs Freelance VA at $6-12/statement + bulk processing value

Calculation
$89 ÷ $12 = 7.4 statements → Break even at 6

Break even at 6 hours saved (vs $25/hr wage)

Worth it for bookkeepers with 5+ clients (15-30 statements/month)

Enterprise ($159/mo)

Break-Even Point
10 statements/month

vs Freelance VA + time savings from 50-file bulk upload

Calculation
$159 ÷ $12 = 13.3 statements → Break even at 10

Break even at 10 hours saved (vs $25/hr wage)

Worth it for tax preparers (30+ clients during tax season)

Feature-by-Feature Comparison

FeatureAnonymousRegisteredProfessionalBusinessEnterprise
Daily Limit1/day2/dayUnlimitedUnlimitedUnlimited
Page Limit5 pages10 pages1,000/mo2,000/mo4,000/mo
CSV OutputYesYesYesYesYes
Excel OutputYesYesYesYesYes
Bulk UploadNoNo10 files25 files50 files
Pause/ResumeNoNoYesYesYes
Priority ProcessingNoNoYesYesYes
Email SupportNoYesPriorityPriorityPriority
Phone SupportNoNoNoYesYes
Account ManagerNoNoNoNoYes
API AccessNoNoNoAdd-onIncluded
SSO/SAMLNoNoNoNoAdd-on
Cost per StatementN/AN/A$0.49$0.45$0.40

Which Tier For Your Use Case?

Personal: 1-2 statements/month

1-2 statements
Recommendation

Stay Free (Registered)

Savings

Save $588/year vs Professional

Free tier gives you 2/day = 60/month. Way more than you need.

Sign up free, never need to upgrade

Personal: 3-5 statements/month

3-5 statements
Recommendation

Stay Free or upgrade if time-sensitive

Savings

Free saves $588, but Professional gives peace of mind

Free tier handles it, but paid removes daily limits for urgent needs

Try free first, upgrade if you hit daily limit

Small Business: 5-15 statements/month

5-15 statements
Recommendation

Professional ($49/mo)

Savings

Save $360-1,440/year vs Freelance VA

Bulk upload saves hours. $0.49/statement vs $6-12 VA cost.

Upgrade to Professional

Bookkeeper: 10 clients (30-90 statements/month)

30-90 statements
Recommendation

Business ($89/mo)

Savings

Save $5,000-8,000/year vs manual or VA

Process 25 files at once. Save 20+ hours/month.

Upgrade to Business

Tax Preparer: 30-75 clients (seasonal)

90-225 statements
Recommendation

Enterprise ($159/mo for 4 months)

Savings

Save $10,000+/year vs manual entry

Process 50 files at once. Tax season only (Jan-Apr).

Upgrade to Enterprise Jan-Apr, cancel May-Dec

5 Signs You Should Upgrade

You hit the daily limit regularly

Upgrade now

Meaning: Free tier can't keep up with your volume

Action: Upgrade to Professional for unlimited daily conversions

You process 3+ statements/month

Break-even point reached

Meaning: Paid plan cheaper than alternatives

Action: Compare: $49/mo vs $18-36 in VA costs

You spend 2+ hours/month on conversions

ROI is clear

Meaning: Your time is worth more than subscription cost

Action: Bulk upload saves 90% of time

You have 5+ clients/accounts

Scalability needed

Meaning: Bulk processing essential for efficiency

Action: Business plan for 25-file batches

Tax season or deadline approaching

Temporary upgrade OK

Meaning: Can't afford daily limits when time-sensitive

Action: Upgrade for month, cancel after deadline

When to Stay Free (Don't Upgrade)

1-2 statements per month

Free tier gives you 60/month capacity - way more than needed

💰 $588/year vs ProfessionalStay free forever

Irregular usage (some months 0, some months 5)

Subscription doesn't make sense for sporadic use

💰 $588/year vs ProfessionalUse free tier, only upgrade in busy months

One-time project (historical data conversion)

Pay $49 for 1 month Professional vs $588/year

💰 $539 by subscribing for just 1 monthSubscribe for 1 month, cancel after project

Testing/learning the service

Always start free to verify it works for you

💰 $0 risk to try before committingStart free, upgrade only when certain

Why We're Transparent About This

Most Users Don't Need Paid Plans

70% of our users stay on the free tier forever. That's by design. We built generous free tiers because we believe tools should be accessible.

Don't upgrade unless you genuinely need it

You Can Cancel Anytime

No contracts, no cancellation fees. Subscribe for 1 month during tax season, cancel after. We don't hold you hostage.

Treat it like a monthly expense, not a commitment

Free Tier Gets Same Accuracy

99.9% accuracy on free tier, same as paid. Paid plans are for volume/speed, not quality.

Free tier is not a "trial" - it's the full product

Bulk Upload is the Only Must-Have Paid Feature

If you don't need to process 10+ files at once, you don't need a paid plan. Everything else is convenience.

Decide: Is bulk upload worth $49+ to you?

Start Free, Upgrade Only When You Need It

Try the free tier first. No credit card required. If you outgrow it, upgrade anytime. Cancel anytime. No tricks, no pressure.

Free tier: 2 statements/day • No credit card • Same 99.9% accuracy • Upgrade only if you need bulk

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