A bank statement is a document summarizing all the transactions in an account over a specific time period. It is typically generated in PDF format to prevent unauthorized edits by the recipient, and is emailed to the account holder by a financial institution.
Every details about the transactions are concluded in the bank statement PDF, like dates, descriptions, deposits, withdrawals and balance. In order to extract the transaction table for further analysis and calculation, you can export it into Excel spreadsheet.
Are you trying extracting data from multiple PDF bank statements manually? How time-consuming and tiring this process can be. This article aims to boost your efficiency by offering 3 ways to convert bank statement PDF to Excel with specialized tools.
Cisdem PDF Converter OCR
Free Download Windows 11/10/8/7 
Free Download macOS 10.13 or later
The most straightforward way to convert a PDF bank statement to Excel for free is copy and paste. However, this is a tedious and error-prone job. You need to copy the data from the bank statement and paste them into cells in Excel one by one. It can mess up the formatting and even miss some important data, especially if you are dealing with a large number of bank statements. To ensure accuracy, you have to check the pasted values line by line, which takes much efforts. A dedicated bank statement converter is a game changer that can save you countless hours.
Cisdem PDF Converter OCR is a reliable bank statement converter, leading in accuracy, speed and compatibility. It can help convert bank statement PDF to Excel and CSV instantly, making it easier to manage data.
Advantages of Using This Bank Statement Converter:
Free Download Windows 11/10/8/7 Free Download macOS 10.13 or later
As a matter of fact, almost all desktop bank statement converters require a paid subscription because of their more powerful performance and better results. In other words, there are indeed several options to convert bank statement PDF to Excel for free, but you have to accept the poor conversion results. For example, the table formatting is cluttered and some key values are missing in the converted Excel.
PDF heavy workers must be familiar with iLovePDF, a well-reviewed online PDF service for free. It collects most PDF tools you may need to work on PDF files into one place. With its aid, you can merge PDF, split PDF, compress PDF, convert PDF, create PDF, protect PDF and more.
Since it is completely free, some advanced features are not available, that you can’t recognize scanned PDFs and convert bank statements in bulk.
As its name suggests, Online OCR is a web-based OCR tool to recognize text from image. But actually, this service can also turn PDF to editable Word and Excel, even the imported PDF is scanned. It can recognize over 40 languages.
In a guest mode (no sign up), you can only convert bank statement PDF to Excel one by one and the maximal file size supported is 15 MB. In addition, you can process only 5 files per hour.
Bank statements often contain a lot of information other than the transaction table. This can lead to inaccurate conversion results regardless of which PDF converter is used.
Given this, one measure we can take to avoid this situation is to discard the excess part and keep the table part. You can achieve this goal by cropping PDF pages with a PDF editor, or capturing the screenshots of the transaction tables. Then you import these cropped PDF or images into a bank statement PDF converter like Cisdem PDF Converter OCR, which can perform OCR on images and turn it into well-formatted and editable Excel spreadsheets.
Although multiple bank statement PDF to Excel converters are available on the PDF market, the top options are listed in this article.
Cisdem PDF Converter OCR: Cost-effective, enable OCR and batch processing, no file and task limit.
iLovePDF: Online free, no file limit.
Online OCR: 5 tasks/h for free online, enable OCR.
Undoubtedly, the dedicated PDF converter is packed with the most advanced features and brings the best conversion results, while online tools offer convenience and money saving. Nevertheless, choose the optimal one based on your needs.
Carolyn has always been passionate about reading and writing, so she joined Cisdem as an editor as soon as she graduated from university. She focuses on writing how-to articles about PDF editing and conversion.
