BankStatementConverter.com is one of the longest-running converters on the web, turning statements from banks worldwide into Excel. BankXL is built for Indian CAs and businesses: Tally XML with ledgers already assigned, INR pricing, and every running balance checked before you download. Here is where each one fits.
Choose BankXL if your statements are Indian and they end up in Tally or a client's books — you get Tally XML with ledgers, a balance check on every row, and INR pricing from ₹49. Choose BankStatementConverter.com if your statements come from banks around the world, you only need Excel or CSV, and a small free allowance every day suits how often you convert.
Yes, for Indian statements in particular. Both turn PDF statements into Excel and CSV. BankXL adds Tally XML with ledgers, a running-balance check on every row, and INR pricing; BankStatementConverter.com covers far more countries and languages.
It depends on how you use it. BankStatementConverter.com is reported to give 5 pages a day to registered users, which adds up if you convert a little every day. BankXL gives 30 pages a month, and a ₹49 pass for 50 pages when you have a bigger one-off job.
Tally XML is not among the outputs its site lists. You can import Excel into Tally with a mapping setup, but BankXL produces Tally XML vouchers directly, with a ledger assigned to each transaction.
BankXL's are from our pricing page. BankStatementConverter.com's pricing page loads dynamically and we could not read it directly, so its figures here come from a third-party comparison published in July 2026 — check their site for current prices.