Does your team still manually move transaction data from PDF bank statements into Excel? In this 2025, with various innovative tools around us, processing bank statements should not be that hard and time-consuming. By using today’s automation, you can easily convert bank statements to Excel without having to spend hours. What used to be slow now only takes minutes with AI OCR automation. Furthermore, this solution frees you from the repetitive task of inputting and formatting bank statements data to Excel.
In this article, we will show you a quick guide on how to use AI OCR tools to automate bank statements to Excel conversion. Let’s get started!
Get to Know the Tool: AI OCR Automation
Optical Character Recognition (OCR) refers to a technology that enables automated document conversion into machine-readable text. For bank statements, you can use Fintelite OCR, which has been advanced by AI to efficiently extract data from complex, table-based documents. Its OCR has improved capability and accuracy to flexibly learn bank statements with different document layouts and formats. From account holder details to transaction records, Fintelite extracts it all automatically, resulting in analysis-ready Excel datasets in minutes.
The Benefits of Using AI OCR for Conversion
90% Touchless Process
Converting bank statements using AI-powered OCR takes just a few clicks. Simply upload your bank statement, and the system will parse and structure the data into Excel instantly. In other words, the process is almost fully automated: upload, wait for minutes, and download the results.
Fewer Risks of Error
Manual data entry often leads to mistakes that can cause costly discrepancies. AI OCR significantly reduces human error by automating the entire extraction and structuring process. The result is cleaner and more accurate for reconciliation, reporting, or financial decision-making.
Easy Customization and Export
Want to tailor how the XLS result is structured? With the right AI OCR, you can customize the Excel file to your specific needs. Choose the columns of data you want and export it in the structure you prefer. This flexibility ensures the data works seamlessly with your workflow or your existing format.
A Guide to Convert Bank Statements into Excel in Minutes
- Sign up to Fintelite with your account. Register for free and test with your sample bank statements.
- Choose ‘Bank Statements’ as the document type. You can also easily customize which specific data to extract first.
- To get started, drag and drop your PDF file into the upload box, then click ‘Process’ to continue.
- Fintelite automatically scans and extracts every required data in bank statements, information, then converts it into clean, structured datasets in minutes.
- Review and download it into XLS format. Adjust the column and sheet of the results to your specific needs. Once finalized, simply click the download button to save the file instantly to your device.
Start for Free
If you are looking for automation to process bank statements on a large scale in your business, Fintelite is the right solution. Fintelite’s intelligent OCR is built for maximum efficiency and greater accuracy. Powered by AI, Fintelite adapts to any bank statement format, making it seamless to use. Upload, process, and download, that is all it takes to convert your PDF bank statements into an XLS file. Curious how easy it can be and how you can integrate it into your business? Try it for free or contact our team directly.
