Veryfi is an OCR API built for developers embedding document capture into their own product. If you just need a bank statement turned into a spreadsheet today, BankXLSX converts PDF and scanned statements to clean Excel and CSV in the browser. No code, no sales call, free to try.
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Veryfi is a strong product and its OCR is genuinely good. The friction is almost never quality, it is shape and price. These are the reasons bank statement buyers end up shopping around.
Veryfi is sold as an OCR API and mobile SDK for teams building capture into their own software. Someone has to write and maintain that integration. A bookkeeper with a PDF on the desktop has no way to use it directly.
Veryfi's published self-serve pricing covers receipts and invoices. The Bank Statements OCR API is listed as part of its Custom plan, which means a conversation with sales rather than a price you can act on this afternoon.
Veryfi's OCR API Starter tier, covering 0 to 25,000 transactions a month, carries a $500 monthly minimum. That buys roughly 6,250 receipts or 3,125 invoices. It is fair value at product scale and hard to justify for a few dozen statements a month.
Veryfi's free allowance is 100 documents overall rather than a recurring monthly amount, so it is sized for an evaluation sprint, not for ongoing light use.
Veryfi built its reputation on receipt and expense capture with line-item detail and mobile SDKs. Bank statements are one API in a broad catalog rather than the whole product.
The API hands your application structured JSON to consume. If what you actually want is an XLSX with date, description, debit, credit, and a running balance, that last mile is code you have to write yourself.
BankXLSX does one job: it turns bank and card statements into accurate, reconciliation-ready spreadsheets, with no integration work in between.
Export a clean XLSX or CSV from the same run, ready for QuickBooks, Xero, or any spreadsheet workflow.
Upload in the browser and download the result. Nothing to build, deploy, or keep working after an API change.
Convert a real statement free with no credit card, then judge the output on your own files before you spend anything.
Scanned PDFs and phone photos convert out of the box in PDF, JPG, PNG, BMP, HEIC, and TIFF.
Templates tuned to the layouts, date formats, and running balances that US institutions actually print.
Beyond Excel and CSV you can export QBO, OFX, QFX, and QIF, so the file drops straight into accounting software.
No API keys, no SDK, no credit card.
Drop in a PDF or scanned bank statement. Multi-page and multi-month files work.
Tip: Password-protected PDFs are supported.
Every transaction is extracted into structured columns automatically.
Tip: Scanned statements are read with built-in OCR.
Export to Excel or CSV, then import into your accounting software.
Tip: Columns are reconciliation-ready out of the box.
An honest side-by-side, including the cases where Veryfi is the better buy.
Turn client PDFs into clean ledgers without asking a developer for help.
Prep audit and tax workpapers from multi-month statements in minutes.
Get statement data into a spreadsheet for reconciliation and reporting.
Extract transaction histories for cash-flow review without an implementation project.
Both tools read financial documents well, but they are sold to different people. Veryfi is a developer platform: you take an API key and an SDK and build document capture into your own application, which is exactly right if capture is a feature of the product you ship. BankXLSX is a finished tool: you upload a bank statement and download a spreadsheet, which is exactly right if the statement is a task on your desk this morning. Pricing below was checked in July 2026 and vendors change it often, so confirm current figures on Veryfi's pricing page before you buy.
| What matters to you | BankXLSX | Veryfi |
|---|---|---|
| Product type | Finished browser tool for bank statements | OCR API and mobile SDK for developers |
| Who uses it directly | Bookkeepers, accountants, business owners | Engineers integrating capture into an app |
| Free tier | Free to try, no credit card | 100 documents in total, not per month |
| Entry paid plan | Self-serve monthly plans | OCR API Starter carries a $500 monthly minimum |
| Bank statement access | The core product, available immediately | Bank Statements OCR API sits in the Custom plan |
| Output | XLSX, CSV, plus QBO, OFX, QFX, QIF | Structured JSON for your application to consume |
| Scanned PDFs and photos | OCR included: PDF, JPG, PNG, BMP, HEIC, TIFF | Yes, OCR is the core of the platform |
| Mobile capture SDK | No, you upload files in the browser | Yes, iOS and Android SDKs are a headline feature |
| Receipt and expense line items | Statements are the focus, not receipts | Yes, this is what Veryfi is best known for |
| Time to first usable file | Minutes, self-serve | As long as your integration takes to build |
| Best for | Firms and businesses converting statements as a task | Product teams shipping capture inside their own software |
Buy Veryfi if document capture belongs inside a product you ship. If you are building an expense app and want a user to photograph a receipt in your own interface and get line items back in seconds, that is precisely what the mobile SDKs and the API are for, and no browser tool substitutes for it. The same goes for very high volume: past 25,000 transactions a month Veryfi negotiates volume pricing and drops the monthly minimum, and a per-document rate at that scale can beat any seat-based plan. If receipts rather than statements are the real workload, the fit is even clearer, and a dedicated receipt OCR tool covers that job without the integration work.
Choose a converter when the statement is the deliverable, not a feature. A bookkeeper closing twelve months for a client, a CPA building workpapers, or a lender spreading a borrower's deposits all need the same thing: a trustworthy sheet with date, description, debit, credit, and a running balance that ties back to the statement totals. That is a five-minute job with an upload and a download, and it does not justify an engineering ticket. It is also the difference between paying by the document and paying a monthly minimum you may not use.
Once the data is in a spreadsheet, the rest of the workflow opens up. You can categorize bank transactions in Excel against a chart of accounts, reconcile against your books, or build a profit and loss report. If you are comparing several tools before deciding, the bank statement to Excel software roundup lines up the options, and the Docsumo alternative and Nanonets alternative comparisons cover two more document-AI platforms in the same class as Veryfi.
Yes. BankXLSX converts bank statements free with no credit card and nothing to install, so you can judge the output on a real statement before paying. Veryfi offers 100 free documents in total rather than a recurring monthly allowance, and its paid OCR API Starter tier carries a $500 monthly minimum.
As of July 2026 Veryfi lists a free plan of 100 documents in total. Its OCR API Starter tier, covering 0 to 25,000 transactions a month, is priced per document at roughly $0.08 for a receipt and $0.16 for an invoice with line items, with a $500 monthly minimum. Past 25,000 transactions a month, pricing is negotiated and the minimum drops away. Check Veryfi's pricing page for current figures.
Yes. Veryfi publishes a Bank Statements OCR API that pulls transactions, amounts, and dates. It is listed under the Custom plan rather than the self-serve tiers, so access goes through sales instead of a signup form.
It depends on whether you are building or converting. If you need capture inside your own application, the honest answer is another API such as Veryfi itself or a comparable platform. If you need statements turned into accurate Excel or CSV as a task, BankXLSX is the closer fit because it is browser-based, free to start, and tuned to US bank formats.
Yes. Upload the scan or photo and the built-in OCR reads it, so no API key or integration is involved. PDF, JPG, PNG, BMP, HEIC, and TIFF are all supported, including multi-page and password-protected files.
Yes. Alongside Excel and CSV you can export QBO, OFX, QFX, and QIF, so the file imports into QuickBooks, Quicken, and most accounting software without a mapping step. Veryfi returns structured JSON for your own application to consume instead.
Primarily an API and a set of mobile SDKs aimed at developers, alongside an expense product. That is the main reason accountants and bookkeepers looking for a bank statement converter tend to find it is not the shape of tool they wanted.
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