StatementPanda vs Bank Statement Converter
Bank Statement Converter (bankstatementconverter.com) is the low-price option most people find first. Here's how it compares when you need accounting files and proof that nothing was missed.
Updated 2026-11-12. We make StatementPanda, so read this with that in mind; every competitor fact links to its source.
The short version
- Pick Bank Statement Converter if you mostly convert clean text PDFs to Excel or CSV at high volume and want the lowest price per page, or need an API today.
- Pick StatementPanda if you need QBO, Xero, OFX, QIF or Tally files, a balance check on every row, or reliable results on scans and phone photos.
- Try both for free: StatementPanda gives 5 pages without signing up.
Side by side
| Feature | StatementPanda | Bank Statement Converter |
|---|---|---|
| Entry paid plan | $19/mo for 600 pages | $15/mo for 400 pages |
| Largest monthly plan | $129/mo for 8,000 pages | $50/mo for 4,000 pages |
| Free tier | 5 pages, no signup, then 5 pages a month with an account | 1 page per 24 hours, 5 with an account |
| One-off packs | $12 for 150 pages or $39 for 600 pages, never expire | Annual plans instead |
| Outputs | Excel, CSV, QBO, QuickBooks Online CSV, Xero CSV, OFX, QIF, Tally XML | XLS, CSV, JSON (API) |
| Scans | Scans and phone photos, read by AI | Image PDFs via OCR |
| Balance check | Every row's running balance, plus opening and closing totals | Not claimed |
| Fixing errors | Edit any cell in the browser and the check re-runs | Email support to fix it |
| API | Not yet | Yes |
| Failed pages | Never charged | Not stated |
Bank Statement Converter prices and features as listed on their website, checked 2026-11-07: https://bankstatementconverter.com/subscribe. Our prices are on the pricing page.
How each tool checks accuracy
Bank Statement Converter doesn't publish an accuracy check. If a row is missed, you find out when your books don't reconcile.
StatementPanda rebuilds the running balance from every transaction and compares it with the balance printed on each row. A skipped or misread row breaks that chain, so it's highlighted before you download.
Where Bank Statement Converter is the better choice
- Lower price per page at volume: $50/mo for 4,000 pages, and cheaper again on annual plans.
- An established API for developers.
- A long track record and lots of existing users.
Where StatementPanda fits better
- Accounting formats: QBO, QuickBooks Online CSV, Xero CSV, OFX, QIF and Tally XML (on Pro and Business).
- A balance check on every row, with the exact break highlighted.
- Scans and phone photos read by AI, then checked the same way.
- Edit and re-check in the browser instead of emailing support.
- Packs that never expire, and failed pages are never charged.
Switching
Nothing to set up. Upload the same statement to both and compare the files side by side.
Questions, answered
Which is cheaper?
At high volume Bank Statement Converter is cheaper per page ($50/mo for 4,000 pages, as listed on their website, checked 2026-11-07). StatementPanda costs more per page but adds accounting formats and the balance check.
Does StatementPanda have an API?
Not yet. If you need one today, Bank Statement Converter has one.
Can I get a QBO file for QuickBooks?
Yes, on StatementPanda's Pro and Business plans. Bank Statement Converter outputs Excel and CSV.
Other comparisons
Try it on a real statement
5 pages free. No account, no card. Your file is deleted when it's done.
Convert a statement