Nanonets is a powerful enterprise AI platform — but most accountants and bookkeepers just need to convert a PDF to Excel. Bank Statement Engine does exactly that, instantly and free, with no workflow blocks, no per-block charges, and no API setup required.
Convert Free — No Setup Required →Nanonets is a sophisticated AI-powered document extraction platform used by enterprises to automate data extraction from invoices, receipts, purchase orders, and bank statements at scale. It offers impressive flexibility — you can train custom extraction models, build multi-step processing workflows, and integrate via REST API or webhooks. The pricing model is pay-per-block: $0.02–$0.30 per workflow block run, with a $200 free credit to get started. After credits are exhausted, you move to GROWTH (volume pricing) or ENTERPRISE (custom contract). Nanonets is best suited for developer teams building automated document processing pipelines — not for individual accountants or bookkeepers who just need a PDF converted to Excel.
Bank Statement Engine was built for a completely different user: the accountant, bookkeeper, or finance professional who needs to convert bank statement PDFs to Excel quickly and without technical overhead. There is nothing to set up — no workflow to configure, no model to train, no API key to generate. Upload your PDF, get your Excel file. That is the entire process. And it is 100% free, with no per-use charges and no credits system. Custom extractors for 50+ Indian banks including HDFC, SBI, ICICI, Axis, Kotak, Yes Bank, Canara Bank, PNB, Bank of India, Bank of Baroda, IndusInd, and Federal Bank ensure accurate results on Indian banking formats without any OCR training or configuration.
Nanonets is built for enterprise teams that need to process millions of documents per month across many document types. If you just need to convert your HDFC monthly statement or a batch of client bank statements to Excel, you do not need workflow builder interfaces, block-based pricing, or API integrations. Bank Statement Engine was purpose-built for bank statement conversion — nothing else — which means it is faster to use, requires zero learning curve, and costs nothing.
| Feature | Nanonets | Bank Statement Engine ★ RECOMMENDED |
|---|---|---|
| Price | $0.02–$0.30 per block run; GROWTH & ENTERPRISE plans after $200 free credits | ✓ Completely free — no per-use charges |
| Free Plan | $200 free credits only — paid thereafter | ✓ Fully free forever, no credits needed |
| Page / Usage Limits | Credits-based — limited by spend | ✓ Unlimited — no usage caps |
| Setup Required | ✗ Build workflows, train models, configure API | ✓ Zero setup — upload and download |
| Target User | Enterprise developer teams | ✓ Accountants, bookkeepers, individuals |
| Indian Bank Support | ✗ Generic OCR — requires custom training for Indian banks | ✓ 50+ banks: HDFC, SBI, ICICI, Axis, Kotak, Yes Bank, Canara, PNB, BOI, BOB, IndusInd, Federal Bank and more |
| Signup Required | ✗ Yes — account + workflow configuration | ✓ No signup for basic use |
| Output Formats | JSON, CSV (requires pipeline configuration) | ✓ Excel (.xlsx), CSV, JSON — instant, no config |
| Accuracy Method | AI/OCR with trainable models | ✓ Native PDF text + custom bank parsers — no training needed |
| API Access | ✓ Full API (requires integration work) | ✓ API available — simpler to integrate |
| Processing Speed | Depends on workflow complexity | ✓ Instant — seconds per statement |
| Data Privacy | Enterprise data processing agreements | ✓ HTTPS encrypted, deleted in 24h, never shared |
| Best For | Enterprise document pipelines at scale | ★ Accountants and individuals needing instant bank statement conversion |
No workflow to build, no model to train, no API key to configure. Upload your bank statement PDF and download the Excel file in under 10 seconds. Nanonets can take hours just to set up the extraction pipeline.
Nanonets gives you $200 in free credits, then starts charging $0.02–$0.30 per block. Bank Statement Engine is always free with zero usage charges — ideal for accountants converting dozens of statements per month.
Where Nanonets requires custom model training for each bank format, Bank Statement Engine ships with ready-made extractors for HDFC, SBI, ICICI, Axis, Kotak, Canara Bank, PNB, and 40+ more Indian banks. No training required.
Nanonets is built for developers and data engineers. Bank Statement Engine is built for chartered accountants, tax consultants, bookkeepers, and finance professionals — no coding, no API calls, no documentation to read.
Tax consultants in Pune, Chennai, and Ahmedabad processing bank statements for ITR filing need fast, accurate extraction from HDFC, SBI, Axis, and Kotak PDFs. Bank Statement Engine's ready-built Indian bank parsers mean zero configuration and immediate results — no Nanonets workflow setup, no per-block billing surprises during peak filing season.
Bookkeeping firms in Austin, Seattle, and Miami processing Chase, Wells Fargo, and Bank of America statements for multiple clients need a simple, reliable tool — not an enterprise AI platform requiring developer integration. Bank Statement Engine's instant upload-and-download workflow fits seamlessly into a bookkeeper's daily routine without any technical overhead.
Sole traders and small businesses in Birmingham, Leeds, and Bristol using HSBC, Barclays, or Lloyds accounts need their monthly statements in Excel for self-assessment tax returns. The complexity of configuring a Nanonets workflow is entirely unnecessary for this use case — Bank Statement Engine delivers the result in seconds with no account required.
Log into your bank's internet banking and download your statement as a PDF. Works for any bank — HDFC, SBI, Chase, Barclays, and more.
Go to bankstatementengine.com and upload your PDF. No account, no workflow, no API key. The tool detects your bank automatically.
Your clean, structured Excel or CSV file is ready in seconds. No post-processing pipeline, no credits charged, no configuration needed.