Question 1

How do I get free AI bank statement analysis?

Accepted Answer

StatementBear offers free AI bank statement analysis. Upload your bank statement PDF and our AI categorizes every transaction, calculates a spending score, identifies monthly trends, and gives you honest financial feedback in under 30 seconds. Your first analysis is completely free with no card required.

Question 2

Is free AI bank statement analysis accurate?

Accepted Answer

Yes. StatementBear uses a frontier AI model to read every line of your bank statement PDF and categorize transactions with high accuracy. Free AI bank statement analysis on StatementBear gives you the same accuracy as the paid plan for your first upload, including spending score, category breakdown, and trend analysis.

Question 3

What is a bank statement analyzer?

Accepted Answer

A bank statement analyzer is a tool that reads your bank statement (usually a PDF) and automatically categorizes your transactions, calculates spending patterns, and provides financial insights. StatementBear offers free AI bank statement analysis that does this in under 30 seconds.

Question 4

How do I analyze my bank statement with AI?

Accepted Answer

Simply upload your bank statement PDF to StatementBear. Our AI reads every transaction, categorizes your spending, calculates a spending score, identifies trends, and provides personalized financial feedback.

Question 5

Is it safe to upload my bank statement?

Accepted Answer

Yes. StatementBear uses bank-level encryption to protect your data. Your bank statement PDF is processed securely, and we never store your banking credentials. You can delete your data at any time.

Question 6

What bank statements does StatementBear support?

Accepted Answer

StatementBear works with PDF bank statements from all major UK and international banks. If your bank lets you download a PDF statement, our AI can analyze it. The CSV or OFX export from a banking app such as Monzo, Starling or N26 works too.

Question 7

Is the bank statement analyzer free?

Accepted Answer

Your first bank statement analysis is completely free. For every month's analysis, monthly trends, and advanced AI insights, you can subscribe to StatementBear Pro.

Question 8

How does the spending score work?

Accepted Answer

StatementBear calculates a spending score from A to F based on your savings rate (40% weight), essential spending ratio (30% weight), and discretionary spending control (30% weight). It gives you a clear, at-a-glance measure of your financial health.

AI Bank Statement Analyzer that shows where your money goes

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