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BankXLSX alternative: stmtai vs BankXLSX

BankXLSX reads more input formats than most converters, including MT940, BAI2, NACHA and camt.053 files, and adds categorised Smart Reports on top of the spreadsheet. stmtai reads PDFs, images, CSV, QIF and OFX and spends its effort on proving the rows against the printed balances before you download. This page sets the two side by side on inputs, exports, price and the balance check. Prices are from bankxlsx.com in October 2026.

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Side by side

FeatureBankXLSXstmtai
Reconciliation before downloadThe running balance is kept as its own column and you preview the output to verify totals before exporting; a balance check that stops the export is not describedOpening plus money in minus money out must equal the printed closing balance, row by row, before you download; the first bad row is highlighted
Free trialOnce: sign up and convert up to 15 pages (5 per statement) with no card; the demo does not renew5 pages free with no account, then 10 pages every month with a free account
Entry price$49/month ($24/month billed yearly, $288 a year) for 800 Base AI or 80 Pro AI pages (Starter); up to 25 pages per statement; Excel and CSV; unlimited users$19 one time for 100 pages that never expire ($0.19 a page), or $29/month for 300 pages
Mid tier$149/month ($74 billed yearly) for 1,920 Base AI or 192 Pro AI pages (Plus); adds the QBO export, bulk upload of up to 50 files, push to your accounting system and Smart Reports$29/month for 300 pages; the .qbo, batch and the API are on every plan
High tier$499/month ($249 billed yearly) for 6,800 Base AI or 680 Pro AI pages (Pro); adds API access. Enterprise on custom terms$99/month for 1,200 pages and 10 seats
InputsPDF, JPG, PNG, BMP, HEIC, TIFF, MT940, BAI2, NACHA, camt.053, CSV; password-protected PDFsPDF, scan, photo, CSV, QIF, OFX; password-protected PDFs unlocked in the browser. No MT940, BAI2 or camt.053 input
ExportsExcel (XLSX) and CSV; JSON on paid plans; from Plus also QBO, IIF (QuickBooks Desktop), OFX, QFX and QIFExcel, CSV, QBO, Xero CSV, Tally XML, QuickBooks CSV, on every plan. No IIF, OFX, QFX or QIF output
Tally XMLNot listed (checked October 2026)Yes, TallyPrime XML (Receipt and Payment vouchers) on every plan
APIPro plan ($499/month)Every plan including Free: create, upload, poll, export, optional signed callback
Email a statement inNot listed (checked October 2026)Yes: email the PDF from your account address and get the Excel back by reply, with the balance verdict
BatchBulk upload of up to 50 files at once on Plus and aboveUp to 12 files on every plan, 60 pages each; one workbook with a sheet per statement and a continuity check between months
AnalyticsAI Smart Reports: transactions categorised into a P&L, with custom prompts (20 reports a month on Plus, 50 on Pro)None; a suggested category on every row goes into the Excel and CSV, and the Excel has a totals-by-category sheet
Your file after processingStored in your account ("stored safely"); you can delete your data at any timeDeletion starts when processing ends; lifecycle is the fallback; result expires after 7 days

BankXLSX prices and features as listed on bankxlsx.com and bankxlsx.com/pricing in October 2026. Monthly prices shown; yearly billing is half. They may have changed; check their site.

Sources: bankxlsx.com/, bankxlsx.com/pricing

When BankXLSX is the better choice

  • Your input is an MT940, BAI2, NACHA or camt.053 file, or a bank CSV with its own layout: BankXLSX lists all of them; we read PDF, images, CSV, QIF and OFX.
  • You need IIF for QuickBooks Desktop, or OFX, QFX or QIF for Quicken (Plus and above).
  • You want a P&L report or categorised Smart Reports produced from the statements.
  • Several people share one login: every BankXLSX plan has unlimited users; Business here has 10 seats.

When stmtai is the better choice

  • You import into TallyPrime: Receipt and Payment vouchers as XML, on every plan.
  • You convert in bursts: $19 once for 100 pages that never expire, against $49 a month for BankXLSX Starter; no statement is charged more than 15 pages.
  • You want the QuickBooks .qbo and the Xero CSV from the first free page; at BankXLSX the QBO export starts on Plus at $149 a month.
  • You want the REST API or email-in without a $499 a month plan (BankXLSX Pro): both are on every plan here, including Free.
  • You want the rows proven against the printed opening and closing balances before you download, not only the running balance kept as a column.
  • You do not want statements stored in an account: deletion of your file starts when processing ends.

Try it on your own statement

5 pages free, no account. You will know in under a minute whether it balances.

Drop your bank statements here

One file or a whole year. PDF, scanned image, CSV, QIF or OFX. Up to 12 files at a time; long PDFs are split for you.

Not ready to upload your own? See a sample result

Questions

Does BankXLSX reconcile the statement?

Its pages describe keeping the running balance in its own column and previewing the output to verify totals before you export. Here the check runs before the download: opening plus money in minus money out must equal the printed closing balance and every running balance must follow, and the first row that breaks the chain is highlighted with the original page beside it.

Can stmtai read MT940 or camt.053 files?

No. We read PDF, scanned and photographed statements and CSV, QIF and OFX exports; BankXLSX lists MT940, BAI2, NACHA and camt.053 as inputs. Our guides explain both formats and the routes that work for them, but the converter itself does not take them.

Which is cheaper?

For a few statements a month, a $19 pack that never expires or Pro at $29 for 300 pages against BankXLSX Starter at $49 a month for 800 Base AI pages. At higher volumes compare BankXLSX's Base AI and Pro AI allowances with Business here (1,200 pages for $99); which model's pages you would use changes the answer.

Roundups that list BankXLSX

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Roundups: every converter side by side · Full pricing · All banks and formats

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