Bank Statements
OpenFinance extracts transactions from bank statement PDFs using AI. Upload a PDF, and the system automatically identifies transactions, amounts, dates, and balances.How It Works
Upload a PDF
Navigate to Statements and click Upload Statement. Select one or more bank statement PDF files.
AI processes the statement
The system converts PDF pages to images, extracts text, and sends both to the configured AI model via OpenRouter. The AI identifies:
- Bank name and account number
- Statement period (start and end dates)
- Opening and closing balances
- All individual transactions with dates, descriptions, and amounts
Balance verification
After extracting transactions, the system calculates whether the sum of transactions matches the stated opening and closing balances. If there is a discrepancy, the AI retries extraction (up to 15 attempts) to improve accuracy.
Supported Banks
OpenFinance works with any bank that provides PDF statements. The AI model adapts to different statement formats. Commonly used with:- Canadian banks (TD, RBC, BMO, Scotiabank, CIBC)
- US banks (Chase, Bank of America, Wells Fargo)
- Credit unions and online banks
Statement Details
After processing, each statement shows:| Field | Description |
|---|---|
| Bank Name | Automatically detected from the PDF |
| Account Number | Extracted account identifier |
| Period | Start and end date of the statement |
| Opening Balance | Balance at the start of the period |
| Closing Balance | Balance at the end of the period |
| Verification Status | Whether the extracted transactions balance correctly |
| Transaction Count | Number of transactions extracted |
Viewing a Statement
Click on any statement to see its detail view. This shows all extracted transactions for that statement period, along with the verification status.Duplicate Detection
OpenFinance computes a content hash for each uploaded PDF. If you upload the same file twice, the system detects it as a duplicate and warns you.Tips
- Upload statements in chronological order for the best experience with balance tracking
- Statements work best when they are unmodified PDFs from your bank (not scanned paper copies)
- After processing, review the transactions and correct any categorization errors — the AI learns from your data patterns over time