Bank Statements OCR API

Extract data to verify loans qualifications, do reconciliation, do auditing, and catch fraud.

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Bank Statements OCR API

Unlock your data in 3 simple steps

Process your bank statement in less time than it takes to read this.

See for yourself.

No matter your work, Veryfi makes it work

SaaS & FinTech

SaaS & FinTech

Achieve a new degree of personalization.

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Loyalty Marketing

Loyalty Marketing

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AP Automation

AP Automation

Unleash your team’s full potential.

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Features

  • Pre-Trained AI

    Veryfi OCR APIs are pre-trained on hundreds of millions of documents for Day 1 Accuracy™.

  • Automatic Data Enrichment

    Veryfi automatically provides: vendor enrichment, business ID lookup, document categorization, line item expansion & categorization, and due date calculation.

  • Line Item Details

    Enable 3-way matching by accurately extracting line item details in invoices, POs, bills of lading, and other documents in your AP workflows and procure-to-pay lifecycle.

  • Standardized APIs

    Veryfi RESTful APIs return formatted JSON with consistent labels for extracted data, so your team can easily integrate Veryfi into your enterprise apps.

  • Enterprise-Grade Security
    Veryfi is SOC 2 Type 2 certified and 100% automated, ensuring that your sensitive data stays in your control.
  • Mobile Capture Framework
    Add Veryfi Lens to your mobile enterprise apps to support business processes that include remote workers, such as freight and delivery personnel.

Complementary Veryfi products turn financial docs into structured data.

Complementary Veryfi products turn financial docs into structured data.

OCR APIs

The fastest, most accurate APIs on the market support Receipts , Invoices , W-2s , and plenty of other documents.

Lens Mobile Capture SDK

Lens Mobile Capture SDK

Mobile SDKs
for capturing physical documents, from receipts to invoices.

Supported Fields

  • Vendor/Merchant
    • Name and Raw Name
    • Address and Raw Address
    • Logo
    • Phone
    • Fax
    • Email
    • Latitude
    • Longitude
    • Website Url
    • Logo
    • Vendor Category
    • Vendor Account currency
    • VAT Number (Value-Added Tax)
    • ABN Number (Australian Business Number)
    • Vendor Registration Number
    • Store Number Name (enriched)
    • Learn more …
  • Dates
    • Invoice Date
    • Due Date
    • Order Date
    • Ship Date
    • Delivery Date
    • Start Date (or arrival in hotel folio)
    • End Date (or departure in hotel folio)
    • Line Item Start Date (service provided dates)
    • Line Item End Date (service provided dates)
    • Learn more …
  • Line-Items
    • Date
    • SKU (Stock keeping unit)
    • UPC (Universal Product Code)
    • HSN (Harmonized System Code/Number)
    • Category
    • Section
    • Description
    • Quantity
    • Reference
    • Unit of Measure
    • Price
    • Tax
    • Tax Rate
    • Discount
    • Discount Rate
    • Total
    • Type (food, product, alcohol,..)
    • Weight (eg. kg/lb)
    • Start/End Date
    • Country of Origin
    • Lot number
    • Learn more …
  • Financials
    • Subtotal
    • Discount
    • Cashback
    • Shipping cost
    • Tax (VAT, GST)
    • Tax Lines
    • Tip
    • Total
    • Rounding
    • Currency Code
    • Currency Exchange Rate
    • Insurance
    • Incoterms
    • Balance (current / previous)
    • Learn more …
  • Tax Lines Breakdown
    • Tax name
    • Tax rate %
    • Tax total
    • Tax base
  • Meta
    • Document Type (receipt/check/purchase order/invoice etc)
    • Document Title
    • Category
    • Tag
    • OCR Text
  • Ship To
    • Name
    • Address
    • Tracking Number
    • Ship Date
    • Delivery Date
    • Order Date
    • Incoterms
    • Insurance
    • Weight + List
  • Bank Information
    • Bank name
    • Bank number
    • Routing number
    • Account number
    • IBAN (International Bank Account Number)
    • SWIFT / BIC
    • Learn more …
  • Barcodes
  • Payment Method
    • Card Type (eg. visa, mastercard etc)
    • Card Number
    • Terms
  • Identifiers
    • Account Number
    • Invoice Number
    • PO (Purchase Order) Number
    • Reference Number
  • Bill To
    • Name
    • Address
    • Phone Number
    • Email
    • VAT Number
    • ABN Number
    • Bill to ABN Number
    • Payment Terms
    • Business Registration Number
OCR APIs
from veryfi import Client
my_client = Client (). config_receipt ( "api-key" )
receipt_doc = my_client. doc_from_path ( "/path/to/receipt.jpg" )
parsed_receipt = receipt_doc. parse ( "receipt" )
Lens Mobile Capture SDK
$ node server.js && veryfi listen
> Ready! Waiting for requests…
2022-09-04 13:54:57 [ 200 ] 2022-09-04 13:54:57 [200] receipt_data.created
2022-09-04 13:54:57 [ 200 ] charge.succeeded
2022-09-04 13:54:57 [ 200 ] receipt_data.succeeded

Focus on the problems only your team can solve.

Integrate Veryfi with just a few lines of code, liberating your team to stay focused on building industry-leading customer experiences.

Why is Bank Statements OCR useful?

Bank Statement OCR (Optical Character Recognition) is a transformative technology with diverse applications. Its automated data extraction and entry streamline processes, enhancing efficiency and accuracy in financial tasks. This technology expedites account reconciliation, reducing errors and time spent on cross-referencing records. Moreover, the extracted data empowers robust financial analysis, enabling businesses to decipher spending patterns, plan budgets, and generate comprehensive reports. It plays a pivotal role in regulatory compliance by maintaining accurate and auditable financial records. Additionally, Bank Statement OCR aids in fraud detection through quick identification of irregular transactions, ensuring financial security. Overall, this technology accelerates data integration, preserves historical records, and empowers both businesses and individuals in managing their finances effectively. Watch this tutorial to learn how to import your bank transactions into Veryfi in order to perform bank reconciliation. Additional documentation and FAQs on importing bank transactions and statements are here.

Bank Statement OCR’s impact extends to personal finance management as well. By automating data entry for personal finance apps, it simplifies expense tracking, budget management, and offers insights into spending habits. For businesses, it creates a clear audit trail, facilitating financial audits and inquiries. It also preserves historical data, ensuring valuable financial information is accessible for reference. Furthermore, Bank Statement OCR’s integration with accounting software and databases ensures seamless data flow and up-to-date financial records. Its versatility spans industries, from finance and accounting to fraud detection and regulatory compliance. In essence, Bank Statement OCR revolutionizes financial operations by enhancing accuracy, efficiency, and analysis capabilities, making it an indispensable tool for modern finance while transforming data into a strategic asset.