The Bank-Statements.co alternative that doesn't keep your files
Bank-Statements.co is a solid converter with OCR and multi-format output, and it encrypts uploads. The difference is what happens afterwards: it retains your files in a dashboard for you to delete when you choose. StatementFlow never keeps them at all — your statement is processed in memory to extract the transactions and deleted immediately, so there is nothing stored to leak, subpoena, or remember to clean up.
Try it now — no signup
Upload your statement
Drag & drop a PDF, scan, or photo — any bank. Our AI extracts every transaction and exports to Excel, CSV, QBO, or OFX.
Drag & drop your statement here
or browse files
Encrypted in transit · Processed in memory · Deleted immediately
StatementFlow vs Bank-Statements.co
| StatementFlow | Bank-Statements.co | |
|---|---|---|
| File retention | Never stored — deleted immediately after extraction | Retained in your dashboard until you delete them |
| Convert without an account | Yes | Account required to upload |
| QBO export | Yes | Yes |
| OFX / Excel / CSV export | Yes | Yes (also QIF) |
| Tally XML export | Yes | Not offered |
| Scanned statements | Yes — vision AI, no DPI requirement stated | Yes — OCR, recommends 300 DPI or higher |
| Free tier | Permanent 10 pages/month, renews | 50 credits on signup |
| Balance reconciliation | Every row checked against the running balance | States 99%+ accuracy on digital PDFs |
Comparison based on publicly available information as of August 2026. Bank-Statements.co’s features and pricing may change — check their site for the latest.
Why people switch to StatementFlow
Nothing stored means nothing to lose
A bank statement is one of the most sensitive documents a business holds. We extract the transactions in memory and delete the file immediately — there's no archive sitting in an account waiting to be cleaned up.
No account needed to try it
Upload and convert before signing up. You only need an account if you want a monthly free allowance and the ability to re-export past conversions.
Scan quality is less of a cliff
OCR-based tools typically ask for 300 DPI or better. Vision AI reads the page more like a person does, so lower-quality scans and phone photos stay workable — and anything it isn't sure about gets flagged by the balance check.
Tally as well as QuickBooks
The same conversion also exports TallyPrime-ready XML, which matters if you handle Indian clients alongside QuickBooks ones.
Bank-Statements.co alternative — questions
Do you store my bank statements?+
No. Your file is processed in memory to extract the transactions and then deleted immediately. We never store statements.
Do I need an account to convert?+
No — you can convert without signing up. An account gives you 10 free pages a month and lets you re-export past conversions.
Does it work on a low-quality scan?+
Usually yes. The extraction reads the page image rather than requiring a clean text layer, and every row is reconciled against the running balance so anything misread is flagged rather than exported silently.
Which formats can I export?+
Excel, CSV, QuickBooks (QBO), Xero (OFX), and TallyPrime XML — from the same conversion.
See full pricing or browse supported banks.