BankStatementLab's wedge is languages — around ten of them. That's a real strength. But converting a foreign-language statement is only half the job; the other half is proving the numbers tie out. Here's an honest comparison.
BankStatementLab is a recent entrant whose site offers its interface in around ten languages — English, French, Spanish, Portuguese, German, Italian, Dutch, Japanese, Korean and Hindi — with OCR for scanned documents (bankstatementlab.com). If multilingual coverage is your requirement, that's a legitimate reason to look at it.
Here's the gap. BankStatementLab markets "99% accuracy," but its site describes extraction and export, not a reconciliation of the extracted totals against the statement's own opening and closing balance (bankstatementlab.com). BankTidy also handles non-English and international statements — but on every file it does the arithmetic: opening balance plus every extracted transaction must equal the printed closing balance, to the penny, or the likely problem rows are flagged. And it proves that with a public benchmark that includes a Spanish-language statement.
| BankTidy | BankStatementLab | |
|---|---|---|
| Reconciliation proof on every file | Yes — ties to the penny or flags the file | Markets "99% accuracy"; no balance reconciliation described |
| Non-English / international statements | Yes — incl. a Spanish-language statement in the benchmark | Yes — interface in ~10 languages; OCR for scans |
| Published, reproducible accuracy benchmark | Yes — 14 real statements, 7 institutions, 3 countries, public | No published benchmark found |
| Credit-union & scanned formats | Yes — incl. a scanned US statement in the benchmark | OCR for scanned documents |
| Push to Xero & QuickBooks | Xero and QBO export built in | Exports to Excel/CSV; QuickBooks, Xero, Sage, Google Sheets |
| Real free trial | 3 full conversions / month, no card | 5 credits/month, no card |
BankStatementLab column sourced from the BankStatementLab home page as of publication. Where a claim couldn't be verified, it was left out.
Multilingual OCR gets the words out; reconciliation proves the numbers are right. BankTidy publishes a reproducible test: 14 real bank statements from 7 institutions across 3 countries, every one reconciled to the penny — including a scanned US statement and a 79-transaction Spanish-language Ecuadorian statement. That last file is the point: a non-English statement, fully extracted and tied to the printed balance. Read the full breakdown and methodology on the BankTidy accuracy benchmark.
Don't take our word for it — feed BankTidy the foreign-language, credit-union or scanned statement that broke your last tool, and watch it tie out to the printed balance. You get three full conversions a month free, no card required.
BankStatementLab is multilingual — does BankTidy handle non-English statements too?
Yes. BankTidy reads non-English and international statements, and it goes a step further by reconciling each one to the printed closing balance. The published benchmark includes a 79-transaction Spanish-language statement, reconciled to the penny.
What does reconciliation add over a "99% accuracy" claim?
A percentage is an average across other people's files; it can't tell you whether your statement extracted correctly. BankTidy checks that opening balance plus every transaction equals the printed closing balance on your file — and flags it when it doesn't.
Can I push results straight into Xero or QuickBooks?
Yes — Xero and QuickBooks/QBO export are built in, alongside CSV, Excel and Google Sheets.
Can I really cancel any time?
Yes. There's a free tier with no card, a one-time $9 credit pack whose credits never expire, and monthly plans you can cancel yourself.
See how BankTidy compares with the other converters bookkeepers weigh: DocuClipper · Hubdoc · AutoEntry · CapyParse · Statemently · Suparse.