How to Convert Wise Statements to CSV or Excel

Why Convert Wise Statements?

Wise (formerly TransferWise) is used by over 16 million people and businesses for international money transfers and multi-currency accounts. Freelancers, digital nomads, and international businesses rely on Wise to receive payments in multiple currencies and convert between them at the real exchange rate. Wise generates separate PDF statements for each currency balance, which is great for clarity but means you might have 5–10 statement PDFs to process for a single month. BankRead streamlines this by extracting transactions from any Wise statement PDF — regardless of currency — into a structured spreadsheet.

Understanding the Wise Statement Format

Wise account statements use a clean, portrait PDF layout. Each statement covers one currency balance (e.g., GBP, EUR, USD) and lists transactions chronologically with Date, Description, Amount (with +/- signs), Running Balance, and Transaction ID. The header includes the account holder's name, currency, IBAN (for European currencies), and statement period. Wise Business statements add reference fields. All statements are digitally generated with selectable text.

How to Convert with BankRead

Follow these steps to convert your Wise PDF statement to CSV or Excel:

1. Download your statement, export a spreadsheet, or take a photo — Get the PDF from your Wise online banking portal (see steps below), export transactions as CSV or Excel, or snap a photo of a paper statement with your phone.
2. Upload to BankRead — Drag and drop the PDF, CSV, Excel, or image on your BankRead dashboard. On mobile, tap "Take Photo" to capture directly with your camera.
3. AI processes your statement — BankRead's AI reads every transaction from text PDFs, spreadsheets, scanned documents, or photos — extracting dates, descriptions, and amounts, then categorizing automatically.
4. Review the extracted data — Check the transaction table on screen to verify the data looks correct. AI categorization is applied automatically.
5. Export to CSV or Excel — Click the export button to download your clean, structured data as a CSV or Excel file.

How to Download Your Wise Statement PDF

1. Log in to your Wise account at wise.com.
2. Go to the currency balance you want a statement for (e.g., GBP, EUR, USD).
3. Click 'Statement' or navigate to Manage → Statements.
4. Select the date range and choose PDF format.
5. Download the statement for each currency balance you need.

What Data Gets Extracted

BankRead extracts the following fields from your Wise statement:

• Transaction date
• Description / recipient or sender (e.g., 'Sent to Maria Rodriguez' or 'Received from PayPal')
• Amount with currency (+/- notation, e.g., '+€500.00' or '-£120.30')
• Running balance in the statement currency
• Transaction ID (Wise's unique reference number)
• AI-assigned category (e.g., International Transfer, Income, Freelance, Fees)

Export Options

Once your Wise statement is processed, you can export the data in two formats:

• CSV (Comma-Separated Values) — Ideal for importing into accounting software like QuickBooks, Xero, Wave, or FreshBooks. Compatible with virtually any spreadsheet application including Google Sheets.
• Excel (.xlsx) — Ready-made spreadsheet with formatted columns and headers. Great for custom analysis, pivot tables, VLOOKUP formulas, or sharing with your accountant.

Tips for Wise Statements

• Wise generates a separate statement for each currency balance — upload each one separately or batch upload them all.
• Wise statements clearly show the exchange rate used for conversions in the description — BankRead preserves this detail.
• Wise Business statements include additional reference fields used for invoicing — these are captured in the description.
• The Transaction ID field is unique to Wise statements and useful for reconciliation with Wise's online dashboard.
• Wise statements are always digitally generated (never scanned) which ensures excellent extraction accuracy.

Common Issues and Solutions

• Wise statements use +/- notation for amounts rather than separate debit/credit columns. BankRead splits these into proper Debit and Credit columns in the exported CSV or Excel.
• Currency conversion transactions on Wise appear as a debit in one currency and a credit in another. Since each statement covers one currency, you'll see one side per statement.
• Wise fee entries appear as separate transaction lines. They are extracted like any other transaction for complete accounting.

Frequently Asked Questions