Statement Converter or Nanonets?
Nanonets is a platform for automating document workflows, with bank statements as one model among many. Statement Converter does one job: drop a statement, get checked rows and a file. Here is where each one wins.
Side by side
| Statement Converter | Nanonets | |
|---|---|---|
| Try it | 3 pages now, no account, no card | $50 in free credits, no card; also a free single-statement tool that downloads CSV |
| Free every month | 20 pages a month with a free account, downloads included | The free tool, one statement at a time, CSV only; no monthly allowance on the platform stated |
| Plans | Monthly $15/400, $29/1,000, $79/4,000 pages, from about 3.8¢ a page. Yearly $150/4,800, $290/12,000, $790/48,000 pages, the year's pages up front | $100 a month for 100 credits after the free credits. You pay per workflow step, $0.30 an extraction step; a price per page is not stated |
| Setup | None: drop a statement and its rows come back, with no template, rules or training | A ready bank statement model; custom models are trained on at least 10 files, and exports are set up as workflows |
| Balance check | Every statement checked against its closing balance before you download, each row beside the page it came from | A separate reconciliation agent ties statement lines to your ledger |
| Downloads | Excel, CSV, Markdown, JSON; QuickBooks CSV, Xero CSV and OFX for statements | CSV from the free tool; Excel, Google Sheets, webhooks and FTP from workflows |
| QuickBooks and Xero | Download a file and import it | Direct sync to QuickBooks, Xero, Sage, Zoho Books and NetSuite |
| Users | One person per account | Up to 3 users on Starter; SSO and roles on Enterprise |
| API and AI agents | REST API and MCP server with every account, free included | REST and GraphQL API; an MCP server is mentioned on its home page |
| Documents | Statements, invoices, receipts, payslips, utility bills, financial statements and plain tables | Invoices, purchase orders, IDs, statements and many more, in configurable workflows |
| Files kept | Encrypted upload; deleted after 24 hours without an account, 30 days with one | GDPR, SOC 2 and HIPAA compliant; free-tool files deleted within hours; platform retention not stated |
Choose Statement Converter if
- you want bank statements converted now, without building a workflow;
- you want a price per page you can read straight off the pricing page;
- you want each statement checked against its closing balance as it converts, every row beside its page;
- you want QuickBooks CSV, Xero CSV or OFX files without connecting your books;
- you want free pages every month, and REST plus MCP from a free account.
Choose Nanonets if
- you automate many kinds of documents with approvals, validations and routing;
- you want transactions pushed straight into QuickBooks, Xero, Sage or NetSuite;
- you need enterprise controls: SSO, data residency, private cloud or on-premises.
The quickest way to compare is your own statement.
Drop it in and watch the rows appear beside the page. The first 3 pages are free, with no account and no card.
Nanonets facts are from nanonets.com (pricing and home page), its free bank statement tool and its documentation, as checked on October 17, 2026; prices before tax. Nanonets is a trademark of its owner, and we are not affiliated with it. Something changed? Tell us at [email protected].