Information extraction from bank statements

This synchronous API extract in real-time relevant information from bank statements such as account holder's name, account holder's address, account number, bank name, statement date, starting balance, ending balance, transaction details, transaction amounts, transaction dates, transaction descriptions, bank fees, deposits, and withdrawals.

The API model also performs verification checks in order to control document validity and data consistency.

Maximum file size: 5 MB.
Maximum number of calls per minute: 10 calls.

For better results, it is highly recommended to provide bank statements under these properties:

  • The image resolution should be greater than 200 DPI
  • The document must not be blurred or rotated
  • In case of a scanned document, make sure that the text area does not contain any highlights or shadows
  • The entire document must be in the frame

Verifying bank statements is important for various reasons. It helps to ensure the authenticity and accuracy of the document, as well as detect any fraudulent activities. By extracting key information from bank statements, such as account holder's name, account number, transaction details, and balances, it becomes easier to verify the financial status and activities of an individual or organization.

The extracted information from the bank statement includes:

  • Account Holder Name: The name of the account holder.
  • Account Holder Address: The address of the account holder.
  • Account Number: The number of the bank account.
  • Bank Name: The name of the bank.
  • Statement Date: The date of the bank statement.
  • Starting Balance: The balance at the beginning of the statement period.
  • Ending Balance: The balance at the end of the statement period.
  • Transaction Details: Details of each transaction.
  • Transaction Amounts: The amount of each transaction.
  • Transaction Dates: The date of each transaction.
  • Transaction Descriptions: The description of each transaction.
  • Bank Fees: Any fees charged by the bank.
  • Deposits: The total amount of deposits made.
  • Withdrawals: The total amount of withdrawals made.
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