Free AI Bank Statement Analysis
Upload your bank statement PDF — free, no signup needed. AI reads every transaction, categorizes spending into 19 categories, detects subscriptions, and generates personalized savings insights in 30 seconds.
Upload your bank statements
PDF, JPG or PNG · multiple files supported
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How the AI analyzes your bank statement
Four steps happen automatically, in under 30 seconds.
1
Text extraction
The PDF is parsed to extract raw text. For scanned PDFs, Google Cloud Vision OCR converts the image to text first — handling handwritten amounts, faded ink, and crooked scans.
2
Transaction parsing
A regex-based parser identifies transaction lines — detecting date formats, merchant names, and amounts across 500+ bank statement layouts. Deposits and withdrawals are separated and normalized.
3
AI categorization
Claude AI reads each transaction description and assigns it to one of 19 spending categories. The model understands merchant name patterns: 'WF MKT' = groceries, 'COMCAST' = utilities, 'WHOLEFDS' = groceries.
4
Insight generation
The AI analyzes patterns across all transactions: recurring charges (subscriptions), income-to-expense ratio (savings rate), month-over-month trends, and category-specific anomalies.
AI analysis vs. doing it manually
Frequently asked questions
Which AI model analyzes my bank statement?+−
We use Claude (by Anthropic) for transaction categorization and insight generation. Claude is a state-of-the-art large language model that excels at understanding financial document patterns and generating accurate, contextual spending insights.
How accurate is the AI categorization?+−
95%+ accuracy on bank statements from any country. The AI correctly identifies common merchants (Whole Foods, Shell, Amazon, Netflix, etc.) and infers categories from merchant codes and descriptions. You can see every categorized transaction in the results and verify them yourself.
Can the AI read scanned or photographed bank statements?+−
Yes. For image-based PDFs or uploaded JPG/PNG photos of statements, Google Cloud Vision OCR first converts the image to text, then Claude analyzes the extracted text. Accuracy depends on image quality — clear, well-lit photos achieve 95%+ accuracy.
Does the AI store or learn from my financial data?+−
No. Your bank statement is processed in real time and never used for AI training. The PDF is discarded immediately after processing. Only the categorized transaction data is stored to display your results.
What spending categories does the AI use?+−
19 categories: Groceries, Dining, Transport, Shopping, Housing, Utilities, Subscriptions, Healthcare, Entertainment, Travel, Business, Income, Transfers, ATM, Fees, Insurance, Education, Personal Care, and Other. The AI assigns the most specific applicable category to each transaction.
How is this different from asking ChatGPT to analyze my bank statement?+−
ChatGPT requires you to manually copy-paste your transactions — tedious and error-prone. Our tool reads the PDF directly, handles OCR for scanned documents, normalizes 500+ bank formats, runs structured AI categorization, and generates a visual dashboard with charts and export. It's a complete pipeline, not a chat prompt.
Try AI bank statement analysis — free
Upload your PDF and let AI do the work. Results in 30 seconds.
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