Nanonets Alternative — A Simpler Option for Bank Statements
Looking for a Nanonets alternative? Bank Statement Parser focuses only on bank and credit-card statements: no model training, the first 50 pages every month free, a direct REST API. An honest comparison.
What can I use instead of Nanonets?
Bank Statement Parser is an alternative to Nanonets. Nanonets is a general-purpose document-AI platform (invoices, IDs, tables, free-form); Bank Statement Parser converts only bank and credit-card statements into Excel, CSV, or JSON. The difference: you don't train your own model, layouts are learned automatically, the first 50 pages every month are free, and there's per-row balance-chain verification. Paid plans start at $25/month.
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Bank Statement Parser vs Nanonets
| Feature | Bank Statement Parser | Nanonets |
|---|---|---|
| Focus | Bank / credit-card statements only | General-purpose document AI (many types) |
| Setup | Upload-download; no template/model setup | May need model selection/training and field mapping |
| Free quota | First 50 pages every month, no credit card | Free trial / limited credits (see published terms) |
| Entry paid price | $25/mo — 500 pages (20% off yearly) | Published pricing / contact sales |
| Scanned PDF — OCR | Supported | Supported |
| Balance-chain verification | Per row; non-reconciling rows are flagged | Validation rules are configurable |
| Invoice / receipt / ID | No — out of scope | Yes |
| API + webhook | Yes — includes async queue | Yes |
Information about Nanonets is based on publicly available sources at the time of writing and may change. Check Nanonets' own site for current pricing and features. This page is produced by Bank Statement Parser and is not affiliated with Nanonets.
Why switch to Bank Statement Parser?
- One job, done well: bank/card statements only. No model to pick, train, or field-map — you upload and download.
- Free to start: the first 50 pages every month, no credit card.
- Balance-chain verification: every row is checked against the previous balance, and rows that don't reconcile are flagged.
- Predictable, low entry price: Starter $25/month (500 pages), 20% off billed yearly.
- A simple REST API + webhooks + async queue — setup in minutes, not days.
Where Nanonets may be a better fit
- —General-purpose document AI: invoices, receipts, IDs, contracts, and free-form documents on one platform.
- —Trainable/customisable models for your own document types plus human-in-the-loop review workflows.
- —Broad integration ecosystem and enterprise deployment options.
- —Many pre-built extraction models and workflow templates.
Frequently Asked Questions
When should I pick Bank Statement Parser over Nanonets?
When your job is turning bank and credit-card statements into structured data and you don't want to set up a platform or train a model. If you need to process many document types (invoices, IDs, contracts), Nanonets offers broader coverage.
Do I need to train a model?
No. Upload an unknown statement layout and the system learns it automatically; later statements process instantly. There is no field mapping or template setup.
Is it really free?
The first 50 pages every month, free, no credit card. If you need more, Starter is $25/mo (500 pages) and Professional is $65/mo (3,000 pages) — 20% off billed yearly.
What happens to my data?
PDFs are processed in memory and deleted once extraction finishes; your statement contents are not used to train any model. Details are on the Security page.
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What's Next?
Get Started for Free
The first 50 pages every month free. No credit card required.