Every accountant, CA, freelancer, and business owner has been there: you need your bank transactions in a spreadsheet — for ITR filing, a loan application, GST reconciliation, or just to understand your own spending — and you're staring at a 40-page PDF that gives you nothing useful.
Typing them out manually takes hours. Copy-paste doesn't work because bank PDFs aren't structured text. Hiring someone to do it costs money and introduces errors.
StatementIQ solves this in under 30 seconds.
What is StatementIQ?
StatementIQ is an AI-powered bank statement converter by YnotFinance. Upload any bank statement PDF — from any bank, in any format — and download a clean Excel (.xlsx) or CSV file with all your transactions neatly organized into columns: Date, Description, Debit, Credit, Balance.
It works for Indian banks (SBI, HDFC, ICICI, Axis, Kotak, PNB, Bank of Baroda, Canara, Yes Bank, IndusInd and many more) and for US banks (Chase, Bank of America, Wells Fargo, Citibank, Capital One, TD Bank, PNC, US Bank and others).
How It Works — 3 Steps
- Upload your PDF: Click "Upload Statement" and select your bank statement PDF. Password-protected PDFs are supported — you'll be prompted to enter the password.
- AI extracts your transactions: StatementIQ's AI automatically identifies your bank format, extracts all transactions, and structures them with proper columns — including correct date formats and debit/credit separation.
- Download Excel or CSV: Your converted file is ready in seconds. Download as .xlsx for Excel, Google Sheets, or LibreOffice, or as .csv for QuickBooks, Tally, Xero, or any other accounting software.
Who is StatementIQ For?
Chartered Accountants & CPAs
Processing client bank statements is one of the most time-consuming tasks in any CA or CPA practice. Whether it's for ITR filing, a tax audit, or loan underwriting, you need clean transaction data fast. StatementIQ eliminates manual entry entirely. Upload your client's PDF, get the Excel, import into Tally or QuickBooks. Done.
Individuals Filing Their Own ITR (India)
If you're filing your own income tax return and need to reconcile your bank transactions with Form 26AS or compute business income, having your transactions in Excel makes everything dramatically easier. StatementIQ turns a 30-minute chore into a 30-second task.
Self-Employed & Freelancers (USA)
Freelancers and self-employed professionals in the US need their bank data in Excel or CSV for Schedule C, 1099 tracking, or importing into QuickBooks Self-Employed. StatementIQ makes it seamless — especially useful at tax time when you're reconciling months of transactions.
Loan Applicants
Banks and NBFCs in India — and mortgage lenders in the US — require bank statements for loan processing. If your lender's system needs Excel or CSV format but your bank only gives PDFs, StatementIQ bridges that gap instantly.
Small Business Owners
Monthly bookkeeping becomes far faster when your bank transactions are already in a spreadsheet. Import into Tally, Zoho Books, QuickBooks, or just maintain your own Excel ledger — StatementIQ gets you the clean data you need.
Why Not Just Use the Bank's Own Export?
Some banks offer CSV or Excel downloads directly through net banking. But there are several situations where that doesn't work:
- Older statements: Many banks only allow direct export for the last 6-12 months. Older statements are only available as PDF.
- Client statements: You can't log into your client's net banking. But you can process their PDF statement.
- Loan documents: Banks and lenders often share PDF statements, not raw exports.
- Format inconsistency: Bank CSV exports vary wildly in format. StatementIQ standardizes everything into a consistent, clean output.
Is It Accurate?
StatementIQ uses AI trained on hundreds of bank statement formats. For supported banks, accuracy is typically 97%+. The AI correctly handles multi-line transaction descriptions, running balance columns, opening/closing balance rows, and statement headers that would break simpler tools.
Is It Free?
Yes — you get 2 free conversions without signing up. Creating a free account gives you 10 conversions per day. Completing your profile adds 5 more daily conversions. No credit card required to get started.
Is My Data Secure?
Your PDF is encrypted in transit and at rest. Converted files are automatically deleted after 24 hours. YnotFinance does not store, sell, or share your financial data.
Try It Now
Stop manually entering bank transactions. Try StatementIQ free — no signup required for your first 2 conversions. It takes 30 seconds.