Turn Bank Statements, Invoices & Receipts into Clean Data

BankRead is an AI-powered tool that reads your bank statements and converts them into clean, categorized spreadsheets. Upload a PDF, scanned document, photo, or CSV/Excel file, and BankRead extracts every transaction, categorizes it automatically, and lets you export the results as CSV or Excel — ready for your accountant or bookkeeping software. What normally takes hours of manual data entry is done in seconds. Your files are processed in memory and never stored, so your financial data stays private.

BankRead supports PDF statements (text-based and scanned), spreadsheets (CSV, Excel .xlsx), photos (JPEG, PNG, HEIC), and camera captures from all major Canadian banks including TD, RBC, BMO, Scotiabank, CIBC, and US banks like Chase, Bank of America, and Wells Fargo. It also works with most international bank statement formats.

Yes. Your bank statements are processed in memory and never stored on our servers. We use encrypted HTTPS connections, optional two-factor authentication, and follow privacy-by-design principles. Your data is yours alone.

BankRead is powered by Claude, Anthropic's frontier AI model — widely regarded as the most accurate and safety-focused AI available. It handles common transaction types like groceries, rent, utilities, and subscriptions with exceptional accuracy. You can also define custom categories with keywords to fine-tune results for your specific needs.

Yes. BankRead exports to CSV and Excel formats, which are compatible with QuickBooks, Xero, Wave, FreshBooks, and virtually every accounting application on the market.

Yes. BankRead automatically detects scanned PDFs and processes them using AI vision. You can also upload photos (JPEG, PNG, HEIC) of paper statements directly, or use the built-in camera capture on mobile. Spreadsheet uploads (CSV, Excel .xlsx) are also supported — the AI categorizes every transaction automatically. Image-based documents count as 3x pages against your monthly quota due to higher processing costs.

Yes. BankRead offers a free interactive demo that lets you experience the full parsing and categorization workflow with sample bank statement data — no account required. You can also start with our free plan, which includes 10 pages per month at no cost.

You'll be notified when you're approaching your limit. Once reached, you can upgrade to a higher plan instantly to continue processing. Unused pages do not roll over to the next month.

For a typical bookkeeper handling 15 clients, BankRead saves 20–30 hours per week that would otherwise be spent on manual data entry, error correction, and categorization. A 10-page statement that takes 2–4 hours manually is processed in under a minute.

Yes. You can create custom category groups with your own category names and descriptions. You can also set up auto-categorization rules — for example, always categorize transactions containing 'TIM HORTONS' as 'Meals & Entertainment.' Rules apply automatically to all future uploads.

BankRead is built on Claude by Anthropic, a state-of-the-art AI model. Unlike tools that rely on template matching or basic OCR, BankRead understands the content of statements — it correctly handles multi-line descriptions, identifies column layouts, and categorizes merchants using world knowledge. The result is significantly higher accuracy with far less manual correction needed.

Bookkeeping firms processing dozens of client statements monthly, solo accountants and CPAs handling tax season, small business owners who want to stop spending weekends on expense tracking, and tax preparers who need to quickly extract and categorize transactions.

BankRead was built by an engineer who spent entire weekends manually extracting transactions from bank statements for taxes. After learning that his accountant and bookkeepers faced the same problem at scale — and that existing tools weren't accurate enough for professional use — he built BankRead with a zero-tolerance accuracy standard. Read the full founder story on our blog.

Yes. BankRead has a dedicated invoice & receipt tab in the dashboard. Upload PDF, JPG, PNG, or HEIC files and export to QuickBooks, Xero, or CSV.

PDF, JPG, PNG, and HEIC. Works with scanned documents, photos, and native digital PDFs.