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Document Import
Import scanned/text PDFs from email, cloud, or 100+ integrations.
Automate bank statement data extraction with 99%+ accuracy
- Process statements of any format (native or scanned PDFs, images) in seconds.
- Extracted fields — bank name, account holder, masked account/IBAN, statement period, opening/closing/available balances, and full transactions (date, description, reference, debit/credit, running balance, currency) — go through two levels of validation: automated checks plus manual review for low-confidence data.
- Cut review time and costs by up to 80% with our self-learning AI engine, including balance reconciliation and duplicate detection.
99%+Accuracy
80%Cost Savings
AISelf-learning
Trusted by customers across the globe
Solution
Extract Clean Transaction Data from Bank Statements—Fast with AI
Automate data extraction from bank statements with 99% accuracy using Algodocs’ pre-built AI models…
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Intelligent Processing
AI & GenAI models capture every field accurately.
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Data Export
Export to Excel, CSV, JSON, XML — or via API & Webhooks.
LIVE DEMO
Upload bank statements to test Algodocs’ enterprise-grade Bank Statement OCR solution
Supported file types: JPG, PNG, PDF (maximum 5 pages)
Maximum file size: 5MB
Maximum file size: 5MB
| Field | Value |
| bank_name | Awesome Bank |
| bank_address | 198-124 W 2nd St Los Angeles, CA 90012 |
| account_number | 111-234-567-890 |
| statement_date | 04/01/2019 |
| opening_balance | 175800 |
| closing_balance | 652600 |
| account_holder_name | John Smith |
| account_holder_address | 557 S Hope St Los Angeles, CA 90071 |
| account_type | Current Account |
| Col1 | Col2 | Col3 | Col4 | Col5 |
| Date | Description | Credit | Debit | Balance |
| 03/01/2019 | Payment - Credit Card | 5,400.00 | 170,400.00 | |
| 03/01/2019 | Payment - Insurance | 3,000.00 | 167,400.00 | |
| 03/02/2019 | Account Transfer In | 500,000.00 | 667,400.00 | |
| 03/03/2019 | Cheque Deposite | 10,000.00 | 677,400.00 | |
| 03/04/2019 | Payment - Electricity | 1,500.00 | 675,900.00 | |
| 03/05/2019 | Payment - Water Utility | 600.00 | 675,300.00 | |
| 03/06/2019 | Payment - Car Loan | 3,500.00 | 671,800.00 | |
| 03/07/2019 | Account Transfer Out | 80,000.00 | 591,800.00 | |
| 03/08/2019 | Payment - Credit Card | 5,400.00 | 586,400.00 | |
| 03/09/2019 | Payment - Insurance | 3,000.00 | 583,400.00 | |
| 03/10/2019 | Account Transfer In | 5,000.00 | 588,400.00 | |
| 03/11/2019 | Cheque Deposite | 1,000.00 | 589,400.00 | |
| 03/12/2019 | Payment - Electricity | 1,500.00 | 587,900.00 | |
| 03/13/2019 | Payment - Water Utility | 600.00 | 587,300.00 | |
| 03/14/2019 | Payment - Car Loan | 3,500.00 | 583,800.00 | |
| 03/15/2019 | Account Transfer Out | 8,000.00 | 575,800.00 | |
| 03/16/2019 | Payment - Credit Card | 5,400.00 | 570,400.00 | |
| 03/17/2019 | Payment - Insurance | 3,000.00 | 567,400.00 | |
| 03/18/2019 | Account Transfer In | 50,000.00 | 617,400.00 | |
| 03/19/2019 | Cheque Deposite | 10,000.00 | 627,400.00 | |
| 03/20/2019 | Payment - Electricity | 1,500.00 | 625,900.00 | |
| 03/21/2019 | Payment - Water Utility | 600.00 | 625,300.00 | |
| 03/22/2019 | Payment - Car Loan | 3,500.00 | 621,800.00 | |
| 03/23/2019 | Account Transfer Out | 800.00 | 621,000.00 | |
| 03/24/2019 | Payment - Credit Card | 5,400.00 | 615,600.00 | |
| 03/25/2019 | Payment - Insurance | 3,000.00 | 612,600.00 | |
| 03/26/2019 | Account Transfer In | 30,000.00 | 642,600.00 | |
| 03/27/2019 | Cheque Deposite | 10,000.00 | 652,600.00 | |
| 03/28/2019 | Payment - Electricity | 1,500.00 | 651,100.00 | |
| 03/29/2019 | Payment - Water Utility | 600.00 | 650,500.00 | |
| 03/30/2019 | Payment - Car Loan | 3,500.00 | 647,000.00 | |
| 03/31/2019 | Account Transfer Out | 15,000.00 | 632,000.00 |
Data security & confidentiality is our top priority
Your data is SSL-encrypted and secured on Microsoft Azure and Google Cloud. As a testament to our commitment, we adhere to stringent compliance standards, including ISO27001, GDPR and HIPAA.
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Extract Fields from Bank Statements
Automate data extraction from bank statements with 99%+ accuracy. Instantly capture key fields from any layout—such as bank name, account holder, account number (masked), statement period, opening/closing/available balances, and full transaction tables (date, description, reference, debit/credit, running balance, currency)—without training AI models or setting up templates.
With Algodocs’ pre-trained models, you can process statements quickly, securely, and at scale—delivering high accuracy at an affordable cost. Low-confidence fields can be flagged for review, so you keep both speed and control.
✅ Key Benefits
- 99%+ accuracy in bank statement field & transaction extraction
- Works with scans, photos, native & password-protected PDFs (single or multi-page)
- Reconstructs line-item transactions (date, description, reference/cheque, debit, credit, balance)
- No setup or training required — ready to use instantly
- Multi-currency support & regional formats (dates, decimals)
- Dual validation options (automated checks + optional human review)
- Built-in quality rules (duplicate detection, total/balance reconciliation)
- Export to CSV/Excel/JSON/OFX or push via API & webhooks
- Optional PII redaction to help protect sensitive data
Captured Fields with Pre-Trained AI
Algodocs’ pre-trained Bank Statement OCR captures a wide variety of fields from statements of any layout (retail/consumer, business, e-statements, scanned PDFs). For specific use cases, you can fine-tune the extractor in minutes to meet your requirements.
Captured fields include:
- Bank Name & Logo
- Account Holder / Company Name
- Account Number (masked), IBAN
- Routing/Sort Code, SWIFT/BIC
- Account Type & Currency
- Statement Period (from/to)
- Issue Date
- Opening, Closing & Available Balances
- Branch Details (address/phone) if present
- Statement/Document ID, Page Numbers
Transaction table (line items):
- Booking Date & Value Date
- Description / Narrative / Counterparty
- Reference / Cheque No. / Transfer ID
- Debit, Credit, Running Balance
- Fees & Charges, Interest
- FX rate / Currency (for foreign transactions)
- Channel (ATM, POS, ACH, SEPA) when present
Quality & validation (optional):
- Duplicate detection & gap checks
- Balance reconciliation (opens → debits/credits → closes)
- Low-confidence flagging for human review
Export & Integration
Export structured data in your preferred format or connect Algodocs directly with your systems to power end-to-end automation.
- Export to CSV, Excel, JSON, XML
- Integrations with ERP, CRM, Databases, APIs
- Supports cloud storage like Google Drive, S3, SharePoint
- Enterprise-grade security (GDPR, HIPAA, ISO)
Extract clean Bank Statement data in seconds—seamlessly and securely
Process low-quality scans from 150+ countries instantly. No setup or training required—just upload and extract with 99% accuracy.
