Bank Statement Analyzer

What a bank statement analysis tells you

A bank statement lists every payment, but it doesn't tell you much at a glance. Scrolling through a hundred lines of card payments and transfers won't show that takeaways cost more than electricity this month, or that you are still paying for an app you forgot about. A bank statement analyzer reads every transaction for you and turns the list into answers to the questions people actually ask:

• Did I save money this month? The headline shows what came in, what went out and what you kept.
• Where did my money go? Spending is grouped into categories and ranked, so the biggest costs come first.
• What am I paying for every month? Subscriptions and repeating bills are listed with the total each one cost.
• Where could I spend less? Flexible spending is added up separately from fixed costs.

You don't need a budgeting app, a bank login or a spreadsheet. You upload the statement your bank already gives you.

How to read your results

You kept (or overspent)

The number at the top is money in minus money out for the period the statement covers. The bar under it shows how much of your income you spent. The savings rate is the share of your income left over. If you spent more than came in, the headline says so in red. That usually means savings or credit covered the gap.

Where your money went

Each payment goes into one category, such as Groceries, Dining Out, Shopping, Subscriptions, Utilities, Transport, Fuel, Housing, Healthcare, Travel, Insurance, Loans & EMI or Bank Fees. Transfers between accounts and cash withdrawals are grouped as Transfers, so they don't inflate a spending category. Tap any category to open its transactions and check what was counted.

Spending over time

The chart shows each day's spending, coloured by category. Statements longer than about six weeks switch to weekly bars so the chart stays readable on a phone. Tap or drag across the bars to see any day. A tall bar is usually a one-off, like rent day, a flight or a big shop, and it shows how lumpy your spending is.

Fixed vs flexible

Fixed costs are the ones that repeat whether you think about them or not: rent, utilities, insurance, loan payments and subscriptions. Everything else is flexible. If fixed costs take most of your money, cutting back day to day won't change much. The bigger wins are a cheaper plan, a switched provider or a cancelled subscription.

Finding subscriptions and savings

The Savings tab brings together the three places money most often slips away.

1. Where you could cut back adds up flexible categories like dining out, shopping, subscriptions, entertainment, travel and bank fees. It shows where spending is easiest to change, not what you should cut.
2. Subscriptions and monthly bills lists each repeating charge with how many times it appeared and what it cost in total. Known services such as streaming and cloud storage are flagged straight away. Other bills are flagged when the same payee charges a similar amount in two or more different months.
3. Where you spend the most ranks your top merchants. Five small payments to one shop can quietly outweigh a single large one.

A quick monthly routine: open Subscriptions and cancel one charge you no longer use. Then pick the largest flexible category and set a limit for next month. Upload next month's statement to see if it worked.

Getting an accurate analysis

The analysis is only as good as the statement you upload. A few habits make the numbers more reliable:

• Upload the full statement. A missing page means missing transactions and lower totals.
• Analyze one account at a time. Combining a current account and a credit card double-counts card repayments.
• Use the original PDF where you can. Digital statements read more cleanly than photos. If you scan paper, keep the page flat and well lit.
• Check the Other category. Unusual merchant names land there. If it is large, the Transactions tab shows what is inside.

You can export the categorized transactions as a CSV file from the Transactions tab and adjust anything in a spreadsheet.

Free limits and your data

Statements up to 10 pages are free with no signup. For longer statements, sign in and use your account's page credits. Guest uploads and their results are deleted automatically 24 hours after upload, so save the CSV if you want to keep your analysis. Results pages are kept out of search engines.

Need the raw data instead?

If you want the transactions in a spreadsheet rather than a summary, use the bank statement to Excel converter or convert to CSV. For importing into accounting software, there are QBO files for QuickBooks. To check your books against the bank, use the bank reconciliation tool.