How We Check Conversion Accuracy

Every PDF to Excel bank statement conversion is checked against the balances printed on the statement itself

Every row
Transaction Rows
Parsed
Dates
Signed
Amounts
Reconciled
Balance Check

What Gets Checked on Every Conversion

Every statement goes through the same checks, so you can see which rows reconcile and which ones to look at again

What We Check

Transaction RowsEvery row

Each transaction line on the statement is extracted, not a sample

Preserves merchant names, transaction codes, and reference numbers

DatesParsed

Dates are read and written in one consistent format

Handles various international date formats

AmountsSigned

Numerical extraction with proper decimal handling

Processes currencies, negative values, and thousands separators

Balance CheckReconciled

Totals are compared with the opening and closing balance on the statement

Rows that don't reconcile are flagged so you can review them

Real-World Performance

Typical Results

For a text-based 10-page bank statement, you get:

  • • Every transaction row extracted
  • • Dates and amounts in their own columns
  • • Full descriptions kept
  • • Proper Excel formatting applied

Quality Metrics

  • • 1M+ statements processed successfully
  • • 1,000+ banks and credit unions supported
  • • 17 languages and currency formats
  • • Weekly accuracy validation testing

What to Expect

Balance Check

After extraction, the transaction totals are compared with the opening and closing balance printed on the statement. If they don't match, the result is flagged so you know a row needs a second look.

Best Results

Text-based PDF statements downloaded from your bank give the cleanest results. Heavily customized formats or poor-quality scans are harder to read and more likely to need review.

Your Review

No converter is perfect. Before importing into accounting software, look at any flagged rows first and spot-check a few dates and amounts against the PDF.

Continuous Improvement

User feedback and error reports help us improve conversion quality for everyone. If a statement converts badly, report it and we will look at the layout.

Our Quality Standards

AI Training

  • Trained on 10+ million bank statement pages from 1,000+ institutions
  • Continuous model updates based on user feedback and edge cases
  • Multi-language support with currency and format recognition
  • Regular validation against new bank statement formats

Testing Methodology

  • Weekly accuracy testing with sample statements from top 100 banks
  • Human verification of 1,000+ conversion samples monthly
  • Automated quality checks for each conversion process
  • A/B testing of new algorithms before production deployment

Quality Assurance

  • Multi-layer validation process for each transaction
  • Confidence scoring for each extracted data point
  • Automatic flagging of potentially problematic conversions
  • Continuous monitoring of conversion success rates

Security & Compliance

  • Hosted on AWS, whose data centers are SOC 2 audited
  • Bank-grade encryption during processing and storage
  • Automatic file deletion within 1 hour of conversion
  • No permanent storage of financial data or personal information

Supported Bank Types

Statements from all of these bank categories are supported. Results depend more on statement layout and file quality than on the size of the bank

Bank CategoryStatusExamples
Tier 1 Banks (Top 50)SupportedChase, Bank of America, Wells Fargo, Citibank
Regional BanksSupportedPNC, TD Bank, Capital One, US Bank
Credit UnionsSupportedUSAA, Pentagon Federal, Local Credit Unions
International BanksSupportedHSBC, Deutsche Bank, BBVA, Santander
Online BanksSupportedAlly, Marcus, Discover Bank, Capital One 360

Our Testing Methodology

Weekly Testing

  • • 1,000+ sample statements processed
  • • Top 100 banks included in test suite
  • • Human verification of results
  • • Statistical accuracy analysis

Real-Time Monitoring

  • • Live accuracy metrics tracking
  • • Automatic error detection systems
  • • User feedback integration
  • • Performance trend analysis

Continuous Improvement

  • • AI model updates monthly
  • • New bank format integration
  • • Edge case resolution
  • • Performance optimization

✅ Factors That Improve Accuracy

  • •High-quality, text-based PDF files
  • •Standard bank statement formats
  • •Recent statements (last 2 years)
  • •Clear, unmodified bank downloads
  • •Major bank or credit union statements

⚠️ Factors That May Reduce Accuracy

  • •Poor quality scans or image-based PDFs
  • •Heavily customized statement formats
  • •Very old statement formats (pre-2020)
  • •Modified or edited PDF files
  • •Extremely small banks with unique formats

Our Commitment to Excellence

We understand that accuracy is critical when dealing with financial data. That's why we've invested heavily in AI technology, quality assurance processes, and balance checks so every conversion can be traced back to the statement it came from.

1M+
Statements Processed
Totals
Checked Against Statement
1,000+
Banks Supported

Related Resources

Troubleshooting Guide

Resolve common issues and optimize conversion accuracy

Conversion FAQ

Frequently asked questions about our conversion process

Step-by-Step Guide

Complete tutorial for optimal conversion results

Format Compatibility

Understanding supported formats and requirements

Try a Balance-Checked Conversion

Upload a statement and see which rows reconcile before you import them

Start Converting Now