Nanonets Pricing: OCR and API Cost Per Bank Statement in 2026

Nanonets pricing starts with $50 in free credits and no card, then moves to $100 a month for 100 credits on the self-serve Starter plan. Work is billed per block run: $0.02 for a simple step, $0.10 for a standard AI step and $0.30 for a complex AI step such as data extraction. Growth and Enterprise are quoted. For bank statements specifically, no per-page or per-statement price is published, so you have to model it from the block rates.

The figures on this page were read from the Nanonets pricing page and its bank statement pages in September 2026. Several review sites and search snippets still quote older plans (a $499 starting tier, or $200 in signup credits), and those no longer match what Nanonets publishes.

How much does Nanonets cost?

Nanonets sells three plans. Only the first has a public price.

There are no platform or seat fees on top, and Nanonets says credits never expire. What the pricing page does not spell out is the dollar value of a single credit. $100 for 100 credits reads like a dollar each, and the block prices are quoted in dollars, but the page does not state the conversion outright. If you are budgeting a contract, get that in writing.

How does Nanonets block run pricing work?

Nanonets bills each step a document passes through, which it calls a block. Pulling fields off a page is a complex AI block. Classifying the document type or validating a field is a standard AI block. Formatting a date or routing the result to a folder is a simple block. You pay for every block every document touches.

Nanonets gives its own benchmark: a typical invoice workflow runs 4 to 6 blocks per document and comes to under $2 per invoice. That is a useful ceiling, and it tells you the real cost is set by how you build the workflow, not by a page count.

What does Nanonets cost per bank statement?

A lean statement workflow is one extraction block, one formatting block and one export block: $0.30 plus $0.02 plus $0.02, or about $0.34 a statement. Add a validation step, which you will want if the output feeds a ledger, and it is about $0.44. Build it like the invoice example Nanonets describes and you are in the $1 to $2 range. Nanonets does not publish whether a long statement is one extraction run or several, so treat these as the floor for a short statement and confirm the multi-page behavior on the free credits.

The pattern is clear. At low volume the Nanonets per-statement rate is small, but the monthly $100 commitment is not, and credits that never expire only help if you use them eventually. At a few hundred statements a month the block runs themselves pass the cost of a flat converter plan.

Is Nanonets worth it for bank statements?

It depends on what else goes through the pipeline. Nanonets is a document automation platform with a pre-trained bank statement model that pulls header fields, balances and transactions, exports CSV, JSON or XML, and integrates with QuickBooks, Xero, Sage, NetSuite and SAP. If your team also processes invoices, receipts, purchase orders and contracts, and you want one workflow engine with approvals and ERP push, that breadth is what you are paying for. For a mixed document pile like that, an enterprise document extraction platform is the right category to compare against, not a statement converter.

If the job is only bank and card statements, most of that platform goes unused. You still design a workflow, watch a credit balance and budget per block. A focused converter charges by page allowance instead: upload the PDF, check the balances, download Excel or CSV. That is the trade most bookkeepers, CPA firms and lenders are actually making when they search for Nanonets pricing.

Nanonets vs BankXLSX pricing for bank statements

Nanonets wins where it should: other document types, ERP integrations, compliance options like HIPAA and on-premise deployment. BankXLSX wins on price predictability and setup time for statement work, and the Plus plan adds bulk upload of 50 files, category tagging and QBO export for firms loading statements into QuickBooks. The full side by side, including accuracy and output format, is on the Nanonets alternative page.

How do I work out which one is cheaper for my firm?

Count last month's statements and their total pages. Multiply the statements by $0.44 for a lean Nanonets workflow, or by $1.50 if you expect a heavier one, and compare that plus the $100 monthly Starter commitment against a flat plan that covers your pages. Then run one real statement through each on the free credits or the demo and compare the output line by line against the printed closing balance. The cheaper tool is the one whose output you do not have to fix.

For the other vendors buyers price against Nanonets, see DocuClipper pricing for a page-tier converter and OCR API pricing for bank statements for Textract, Azure and Mistral rates. Our own tiers are on the bank statement converter pricing page.