Apps that get bank statements into Xero, and what each one hands back

Most tools in this category convert a statement and hand back a file. You upload a PDF, you download an OFX or a CSV, and you import it into Xero yourself under Accounting, Bank accounts, Import a statement. That includes Hubdoc, which is Xero's own and free with a paid Xero plan. A few of them do connect to Xero over the API, but for bills and receipts rather than for bank statements, because Xero's public Accounting API cannot create bank statement lines. The distinction that matters when comparing them is not accuracy or price, it is what arrives at the end: a file you still have to import, ledger entries with no statement behind them, or statement lines on the reconciliation screen.

The comparison

Everything below was read on 28 August 2026 from each vendor’s own site or its own Xero App Store listing. Prices are list prices in the currency each vendor publishes, and several of them vary by billing period or region, so treat them as an order of magnitude rather than a quote.

What the table is measuring, and what it is not

It is not measuring extraction accuracy, and it deliberately does not rank the tools. DocuClipper states 99.9% accuracy, MoneyThumb states 99%, and Receipt Bot states it runs over forty arithmetic and logical checks on a statement. Those are vendor claims, none of them is independently audited, and there is no way to compare them fairly from the outside. What can be compared from the outside is what leaves the tool, and on that the market is remarkably consistent: seven of the nine rows end with a file on your computer or in your inbox, which you then import into Xero yourself.

The reason is not laziness on anyone’s part. Xero’s public Accounting API cannot create bank statement lines, and Xero has said it does not plan to add that capability. So an app connecting over the public API can create bills, invoices and spend money transactions, and several of these do exactly that very well, but it cannot deliver the bank’s side of the reconciliation. EntryRocket says so on its own Xero App Store listing, attributing the emailed OFX file to Xero API limitations. Statement lines come in through the separate Bank Feeds API, which Xero documents as closed.

Where a converter is the right answer

For a single account, once, a converter is the right tool and paying for one is often unnecessary. If your organisation is in the US or Canada, Hubdoc’s statement extraction is included with a paid Xero plan and is the tool Xero itself points you at for a PDF, so the free option should be exhausted before anything is bought. If you have one messy historic year to load and then never again, a desktop converter with unlimited pages is cheaper than any subscription.

The calculation changes when the job repeats. An account with no native feed produces the same work every month, indefinitely, and a converter treats each month as the first: nothing remembers last month’s column mapping, nothing knows which lines you already imported when the periods overlap, and nothing checks that the file you just imported balances. Xero’s own guidance is to confirm that the number of transactions matches what you expected, which is a row count rather than a balance check, and Xero’s own walkthrough video points out that converting separate debit and credit columns into one signed column is where errors get introduced. Nobody in this market answers either of those problems, and they are the two that put a wrong number in a ledger rather than merely costing an afternoon.

Where StatementClear sits

StatementClear takes the same PDF, CSV or Excel file the others take, and ends somewhere different. The columns are mapped once per account and remembered, so every upload after the first is just the file. Before anything is sent, the lines are deduplicated against what is already in the account, the running balance is verified against the statement’s own figures, and sign conventions are normalised for exports that record spending as a positive number. Then the lines are posted through Xero’s Bank Feeds API, so they arrive on the reconciliation screen as feed lines and the next statement continues the same feed. Pricing is per feed rather than per page, which is the other structural difference in the table: a per-page price charges most the customer whose statements are longest.

It is the wrong tool for a working native feed. Where Xero already covers an account properly, use the native feed, and the banks and platforms directory says what Xero’s own coverage does for each provider and where it stops.

Common questions

Every claim above about another product was taken from that company’s own website or its own Xero App Store listing on 28 August 2026, and each tool is linked so you can check it. Products change and pricing changes; where this page and a vendor disagree, the vendor is right. Corrections to hello@statementclear.com.