ConvertStatement vs StatementConvert
StatementConvert is an online bank statement converter that uses OCR to extract transactions from PDF statements. ConvertStatement uses rule-based parsers built for specific banks. Both are web-based tools — here's how they differ.
Feature
ConvertStatement
StatementConvert
Pricing
From $9/month for 300 pages — all formats included
Credit-based pricing — varies by volume and format
Parsing approach
Rule-based parsers per bank — exact, deterministic extraction
OCR-based extraction — works with more banks but accuracy varies
Free tier
10 pages without signup, 50 pages/month with free account
Limited free trial available
Export formats
CSV, Excel, OFX, QBO — all formats on every plan
CSV, Excel, QBO — some formats may require higher tiers
Data storage
Zero storage — processed in memory, deleted immediately
Cloud-based processing — files uploaded to their servers
Speed
Instant extraction — under 30 seconds including upload
OCR processing may take longer for multi-page statements
Bank coverage
15 banks with dedicated parsers — guaranteed accuracy for supported banks
Broader bank coverage via generic OCR — accuracy not guaranteed
Privacy
No PDF storage, no transaction logging, in-memory only
Standard cloud processing — check their privacy policy for retention details
The verdict
Choose ConvertStatement if your bank is in the supported list and you need guaranteed accuracy with zero data retention. Choose StatementConvert if you need to convert statements from banks not yet supported by dedicated parsers.