US bank statements to Excel — in seconds
Built for Chase, Bank of America, Wells Fargo, Citi, Capital One, and the rest. ACH, Zelle, Venmo, and wire transfers each stay on their own row — labeled, not merged.
Kashfbank reads PDF statements from Chase, Bank of America, Wells Fargo, Citibank, Capital One, US Bank, PNC, and the major US retail banks. Each follows a slightly different layout — Chase puts the running balance on the right, Bank of America groups by category, Wells Fargo uses a two-line entry for the merchant city — and we handle each without you telling the tool which bank issued the file.
Federal Reserve (Fed) + OCC + CFPB + FDIC
Federal income tax 10–37% tiered; self-employment tax 15.3%; state income tax 0–13.3%; 1099-NEC for freelancer income over $600; no national VAT (state sales tax varies 0–10.25%).
Jan 1 – Dec 31 (individuals); Oct 1 – Sep 30 (federal government)
Supported Banks in United States
ACH, Zelle, Venmo, and wire transfers — each on its own row
US statements distinguish clearly between ACH credits (payroll, transfers), ACH debits (subscriptions, bills), wire transfers, Zelle payments, and card purchases. That separation is genuinely useful — and generic PDF tools routinely collapse it. Kashfbank keeps ACH DEBIT, ACH CREDIT, ZELLE PAYMENT, VENMO, WIRE, and CHECKCARD on their own rows with the bank's original descriptor. You can filter by transaction type in Excel without manual cleanup.
Compound merchant descriptions like 'AMAZON.COM*AB1234 SEATTLE WA' are parsed into recognizable merchant names without losing the reference code. IRS USATAXPYMT entries stay tagged so you can pull federal tax payments for the year with one filter. Direct deposit entries from ADP, Gusto, and Paychex are flagged as payroll regardless of how the employer name is formatted in the source.
1099-NEC, Schedule C, and the payment-app reporting era
Freelancers receiving income through Zelle, Venmo, or PayPal must aggregate these across statements for 1099-NEC reporting. The $600 threshold for 1099-NEC and the new $5,000 threshold for payment apps (introduced in 2024) make clean income tracking essential. Kashfbank's Excel output gives you Zelle and Venmo credits as separate rows with the sender's name attached, so reconciling against client invoices takes minutes instead of hours.
Schedule C filers face the same task at scale — distinguishing business from personal expenses across 12 monthly statements. Clean categorized transaction data, with merchant names parsed out of the compound descriptions, is what a US tax preparer asks for first. We extract the rows; the categorization stays with you or your accountant.
Common Merchant Labels
| Label | Meaning |
|---|---|
| ZELLE PAYMENT | Zelle P2P bank transfer |
| VENMO | Venmo wallet transfer |
| ACH DEBIT | Automated Clearing House direct debit |
| IRS USATAXPYMT | IRS federal tax payment |
| CHECKCARD | Debit card purchase |
Regulatory Notes
Banks must provide statements within 14 days of period end under Regulation E. The CFPB mandates clear dispute processes. ACH and wire transfers have next-day or same-day settlement options.
Frequently Asked Questions
Which US banks does Kashfbank support?
Every major US bank we have tested against: Chase, Bank of America, Wells Fargo, Citibank, Capital One, US Bank, PNC, and the regional banks running OFX-standard PDF exports. If your bank issues a text-layer PDF statement, we can read it.
Will Zelle, Venmo, and PayPal entries stay separate?
Yes. Each P2P rail keeps its own row with the sender or recipient name preserved. You can filter ZELLE PAYMENT, VENMO, or PAYPAL TRANSFER independently in Excel, which is essential for 1099-NEC aggregation.
How does it handle compound merchant descriptions?
We parse 'AMAZON.COM*AB1234 SEATTLE WA' into a recognizable merchant name while keeping the reference code and city in adjacent columns. Nothing is discarded — the original descriptor stays available for audit.
Is the output usable for Schedule C tax preparation?
It gives you the raw rows a CPA asks for first: date, amount, merchant name, transaction type, debit/credit. You or your preparer still classify business versus personal. Spot-check totals against the source PDF before filing — we match row by row on standard statements but unusual fee adjustments may need manual review.
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Common Payment Apps
Salary Conventions
Direct deposit appears as 'DIR DEP' or employer name + 'PAYROLL'. Bi-weekly (every 2 weeks) is the most common pay cycle. ADP, Gusto, and Paychex payroll entries are common.