UK Statement Converter is a specialized online tool that converts PDF bank statements from UK banks into structured Excel and CSV files. It uses AI-powered extraction to deliver 99.4% accuracy, supporting 50+ banks and integrating with accounting software like Xero and Sage. The platform is designed for accountants, bookkeepers, and financial professionals who need to streamline statement processing for compliance, conveyancing, and lending workflows.
Funding
Funding not disclosed
Founders
Product
Problem
Accountants, bookkeepers, conveyancing solicitors, and lenders routinely receive bank statements as PDFs, which are time-consuming to review manually. Extracting transaction data by hand is slow, error-prone, and creates bottlenecks in compliance checks, source-of-funds verification, and lending decisions.
Solution
UK Statement Converter automates the extraction of transaction data from UK bank statement PDFs into clean, structured Excel and CSV files. The platform uses AI to accurately capture dates, descriptions, amounts, and balances while handling UK-specific statement formats. Users upload a statement and receive a downloadable spreadsheet ready for review, with output compatible with Xero, QuickBooks, Sage, and FreeAgent. The service supports 50+ UK banks, including Barclays, HSBC, Lloyds, NatWest, Starling, and Monzo, and offers both free and paid tiers to accommodate different usage volumes.
Target Audience
Primary customers are UK-based accountants, bookkeepers, conveyancing solicitors, lenders, and small businesses that need to process bank statements for compliance, verification, or financial analysis.
Features
- AI-powered extraction with 99.4% accuracy, including balance verification and exact amount capture
- Support for 50+ UK banks, covering high-street, digital, and challenger banks
- Exports to Excel (XLSX) and CSV formats compatible with Xero, Sage, QuickBooks, and FreeAgent
- Anonymous free tier (1 page per 24 hours) and registered free account (5 pages per day)
- Bulk upload, API access, and priority support on paid plans
- Bank-grade encryption with automatic file deletion within 24 hours
- Pack credits (100–1,000 pages) that never expire and are used after monthly allowances
- Use-case specific guides for conveyancing, source of funds checks, and self-assessment