Export Bank Statement vs Nanonets
Nanonets automates documents of every kind, with workflows that push data into ERPs. Export Bank Statement does one job: bank statement PDFs into files your accounting software imports. Here's how they compare for that job.
Nanonets is a general document AI platform with a bank statement model, usage-based pricing per workflow step, and direct connectors into QuickBooks, Xero, NetSuite and SAP. Export Bank Statement is a bank statement converter from $19 a month that exports QBO, OFX, QIF, Tally XML and accounting CSVs, and checks every statement against its closing balance. Pick Nanonets for multi-document automation into an ERP; pick Export Bank Statement for reconciled statement files at a fixed monthly price.
We make one of these tools
What Nanonets is
Nanonets is a document-processing platform: you build a workflow of steps (extract, classify, format, post) and it runs documents through them. It has a bank statement model that pulls account details and transaction rows.
Its strengths are breadth and automation. It handles invoices, receipts and many other document types, connects directly to accounting and ERP systems, and offers private cloud or on-premise deployment on its Enterprise tier.
Feature comparison for bank statements
| Export Bank Statement | Nanonets | |
|---|---|---|
| Built for | Bank statements | Any document type |
| Pricing model | From $19/mo for 100 pages | Usage-based, per workflow step |
| Free tier | 5 conversions/day, 20 signed in | $50 free credits |
| Checks totals against closing balance | check_circleYes | Not published |
| QBO, OFX, QIF or Tally XML export | QBO, OFX, QIF, Tally XML, Xero and QuickBooks CSV | Not published |
| Direct write into QuickBooks or Xero | remove_circleNo | check_circleYes |
| ERP connectors (NetSuite, SAP, Dynamics) | remove_circleNo | check_circleYes |
| Password-protected PDFs | Unlocked in your browser | Not published |
| Scanned statements (OCR) | check_circleYes | check_circleYes |
| API | REST API, async jobs, webhooks | REST API and webhooks |
| On-premise option | remove_circleNo | Enterprise tier |
"Not published" means we couldn't find it documented on Nanonets's website on 23 September 2026. It may exist; check with them.
Nanonets pricing
- sell$50 in free credits to start, no card needed
- sellStarter: $100 a month for 100 credits, then pay as you go
- sellCharged per workflow block: $0.02 simple, $0.10 standard AI, $0.30 complex AI
- sellGrowth and Enterprise: quote only
Nanonets' own example puts a typical invoice at around $2 end to end. The per-statement cost depends on how many blocks your workflow uses.
Export Bank Statement: free for Excel and CSV (5 conversions a day, 20 signed in); Starter $19/mo for 100 pages with accounting exports; Pro $37/mo for 500 pages and the API; Practice $75/mo for 2,000 pages. Prices shown in USD; local pricing applies in other markets.
Where each one is stronger
thumb_upWhere Nanonets is better
- checkHandles invoices, receipts and other documents, not just statements
- checkPosts data directly into QuickBooks, Xero and ERP systems
- checkMulti-step workflow automation with approvals
- checkPrivate cloud and on-premise deployment on Enterprise
- checkLists SOC 2, HIPAA and ISO compliance on its site
verifiedWhere Export Bank Statement is better
- checkFixed monthly price from $19, so you know the cost per statement up front
- checkEvery statement checked against its printed closing balance
- checkAccounting import files: QBO, OFX, QIF, Tally XML, Xero and QuickBooks CSV
- checkPassword-protected PDFs unlocked in the browser, password never uploaded
- checkFree tier for Excel and CSV with no sign-up
Which should you pick?
Pick Nanonets if…
statements are one of many document types you process, and you want them pushed straight into an ERP as part of an automated workflow.
Pick Export Bank Statement if…
you mostly need bank statements turned into reconciled files for QuickBooks, Xero, Quicken or Tally, at a predictable monthly price.
Frequently asked questions
Is Nanonets cheaper for bank statements?expand_more
It depends on your workflow. Nanonets charges per step, so a simple extraction costs less than one with several AI steps. Export Bank Statement is a flat monthly price per page allowance, from $19 for 100 pages.
Does Nanonets export QBO or OFX files?expand_more
We didn't find QBO, OFX or QIF export documented on Nanonets' pages when we checked. It connects to QuickBooks and Xero directly instead.
Where these facts come from
- open_in_newNanonets pricing
- open_in_newNanonets bank statement model docs
- open_in_newNanonets integrations
Checked 23 September 2026. Prices and features change; confirm on each vendor's site before buying.