ConvertStatement vs Dext (formerly Receipt Bank)
Dext (formerly Receipt Bank) is a comprehensive accounting automation platform that handles bank statements, receipts, invoices, and expense management. It integrates directly with QuickBooks, Xero, and other accounting software. ConvertStatement is a focused tool that does one thing — convert bank statement PDFs into structured formats quickly and privately.
Feature
ConvertStatement
Dext
Scope
Bank statement conversion only — focused, fast, no bloat
Full accounting automation — statements, receipts, invoices, expense reports
Pricing
From $9/month for 300 pages — pay for what you use
From $25+/month — priced for the full platform, not just statements
Setup complexity
No setup — upload a PDF, download the result
Onboarding process — connect accounting software, configure categories, train team
Export formats
CSV, Excel, OFX, QBO — download files for manual import
Direct sync to QuickBooks, Xero, Sage — no manual file handling
Free tier
10 pages without signup, 50 pages/month with free account
No free tier — paid subscription required, aimed at accounting firms
Data storage
Zero storage — files processed in memory, deleted immediately
Cloud storage — documents stored for ongoing access and audit trails
Target user
Anyone who needs to convert a bank statement PDF — no accounting expertise needed
Accounting firms and finance teams managing multiple clients and document types
Speed for bank statements
Under 30 seconds — upload, parse, download
Processing time varies — part of a larger workflow, not optimized for speed
The verdict
Choose ConvertStatement if you need fast, private bank statement conversion at a low price point. Choose Dext if you're an accounting firm that needs a full document automation platform with direct accounting software integrations and can justify the higher cost.