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StatementScan vs Bank Statement Magic

A side-by-side comparison built from both listings. Blank cells mean the company has not given that detail; we never guess.

StatementScan compared with Bank Statement Magic
DetailStatementScan logo StatementScanBank Statement Magic logo Bank Statement Magic
What it doesFree bank statement converter to Excel and CSV Convert bank statement PDFs to Excel or CSV in seconds with 99.9% accuracy
StageNot given Not given
FoundedNot given 2023
Based inNot given IN
Pricing modelFree Freemium
PricingNot given Free Plan: 7 conversions per day, no credit card required. Standard: $10/month for 600 pages/month. Pro: $15/month for 1,000 pages/month. Pro Plus+: $20/month for 1,500 pages/month. Business: $50/month for 5,000 pages/month. Annual billing offers up to 20% discount.
Key features
  • Local digital PDF extraction without uploading
  • Excel and CSV export
  • Editable transaction preview table
  • Balance reconciliation checking
  • Azure OCR for scanned documents and photos
  • Support for PDF, JPG and PNG formats
  • Automatic date order detection
  • Crooked page straightening for scans
  • Language model for complex layouts
  • AI-powered bank statement recognition for all layouts worldwide
  • Converts statements in under 5 seconds
  • 99.9% accuracy across all bank statement formats
  • Support for password-protected PDFs
  • Multiple export formats: Excel, CSV, Tally Prime, QBO, QIF, QFX, OFX, XLSX, IIF, QFX
  • Direct integration with Tally Prime, QuickBooks, Xero, Sage, Wave, FreshBooks, Zoho Books
  • 256-bit AES encryption for all file transfers
  • Automatic file deletion within 24 hours (paid) or 12 hours (free)
  • In-browser editing of individual transactions before download
What makes it different
  • No bank-specific templates, works with any statement layout
  • No account required, completely free to use
  • Digital PDFs processed locally in your browser, no upload
  • No selling of files or AI training use
  • Three download options: Raw Data (exact copy), Smart Data (cleaned), and Tally Prime XML
  • Handles both text-based and scanned PDFs automatically without manual settings
  • Trusted by 50,000+ users across 30+ countries
Community votes00
DR (Domain Rating by Ahrefs)6 −1 (down) since last check3 no change since last check
Trust Flow (Majestic)56
Citation Flow (Majestic)2212
Referring domains (Majestic)916

4 details filled in for both companies.

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