If your client primarily uses Chime, you’ve likely encountered the frustration of not being able to download CSV bank statements.
Chime is one of the few banks that don’t offer this option, leaving you with PDFs that require tedious manual data entry into Excel. This process is time-consuming and prone to errors.
Fortunately, there’s a more efficient solution.
In this article, we’ll guide you on how to convert Chime bank statement to Excel from PDF, using a bank statement converter that automates the process and its other benefits.
To get you started, upload your Chime bank statement in here and follow the steps below:
Step 1: Upload Chime Bank Statement to DocuClipper
First, log in to your DocuClipper account. If you don’t have one, sign up for a free trial, you don’t need to sign up with a credit card.
Once logged in, navigate to the “Bank and Credit Card Statements” section and click “Convert” to proceed with converting bank statements.
Drag and drop your Chime PDF bank statements into the tool. Assign a tag and job name for you to track better.
If you have a paper statement, scan it to create a PDF version.
You can also upload statements via email by using the unique email address found in your settings.
After uploading, click “Convert” to start processing the files.
Step 2: Analyze Chime Bank Statement
After conversion, you’ll see a side-by-side view of your Chime bank statement and the spreadsheet. Review the data for any discrepancies, as possible errors may appear.
Check the dates, transaction details, and totals to ensure accuracy before proceeding.
If you scanned a paper statement, be mindful of potential noise or blurring that could impact the document’s clarity.
This is the ideal time to verify that everything matches up correctly before moving to the next step.
Step 3: Reconcile Chime Bank Statements
Once you’ve reviewed the entries, DocuClipper will automatically begin the bank statement reconciliation process. If any discrepancies are detected, they will be flagged as “not reconciled.”
You can manually adjust fields such as starting and closing balances, transactions, dates, and individual entries.
After making the necessary corrections, DocuClipper will update the data. When all entries are accurate, it will display a “reconciled” status, confirming that the statement matches your records.
Step 4 Export Chime Bank Statement to Excel, CSV, QBO
Once your bank statement is reconciled, you’re ready for exporting.
Click “Download Data” and choose the format you need. Here is how you can export it to the different format types:
Export Chime Bank Statement to Excel
To export your Chime Bank statement as an Excel file, open the export menu and select the “Excel” option.
Click “XLSX” file type, then click the button “Download”. The file will be saved directly to your Downloads folder.
Export Chime Bank Statement to CSV
Many accounting tools require CSV files for importing bank data.
To export your Chime Bank statement as a CSV file, open the export menu and select “Excel.”
From the dropdown menu, choose the “CSV” format.
If you use accounting software like Quicken, Xero, Sage, MYOB, Relate, or NetSuite, you’ll find presets available in the toggle bar for easy imports.
Export Chime Bank Statement to QBO
If you’re using QuickBooks, the QBO format is the best option for importing bank statements.
To export your Chime Bank statement to QBO, open the export menu and select the “QuickBooks” option.
Fill in the required details, such as the bank account number and statement dates.
Once everything is entered, click “Export” to download the QBO file, which will be ready for import into QuickBooks.
Step 5: Configure the Output Format
Before exporting your Chime Bank statement, review the output format of your spreadsheet.
You can customize the layout by adjusting date formats, column order, and other details to suit your needs.
While DocuClipper has a default format, you can use the customization option to customize and adjust the spreadsheet to match your preferences and requirements.
How to Download Chime Bank Statement
Open the Chime app and navigate to the settings menu.
- Tap Documents: Select “Documents” to access your account-related files, including statements.
- Tap Account Statements: Choose “Account Statements” to view available statements for each linked account.
- Select Account and Month: Pick the account and month to download the correct statement.
- Export the Statement: Tap the export icon to save or share the statement as a PDF.
Chime Website
- Go to www.chime.com and log in to your account.
- Go to Settings: Click your name in the upper right corner and select “Settings.”
- Click Documents: Find “Documents” in the settings menu to access your statements.
- Select and Download Statement: Choose the statement you need, and it will download as a PDF.
What is a Bank Statement Converter?
A bank statement converter is a software for converting PDF bank statements into spreadsheet formats such as Excel, CSV, and QBO.
It uses technologies like parsing, Optical Character Recognition (OCR), and artificial intelligence (AI) to extract data from statements.
These tools are more efficient and accurate compared to processing manually, making automation a better alternative for accountants and bookkeepers who need to convert bank statements into Excel formats quickly and accurately.
Benefits of Using Bank Statement Converter Over Manual Data Entry
Manual data entry has been used widely for data entry in bank statements, but it has serious bad sides. OCR bank statement converters offer a more efficient solution. Here’s why:
- Cost: Hiring a data entry staff can cost around $18.17 per hour, while a bank statement converter subscription starts at just $20 and can process up to 500 pages.
- Accuracy: Manual methods typically have a 4% error rate, while OCR tools have higher accuracy reaching 99.5% accuracy in bank statement conversions.
- Speed: bank statement converters reduce processing time by up to 80%, compared to the 3 minutes it often takes to manually input a bank statement.
- Scalability: Manual entry is only limited in the capacity to do it, while automated converters can handle hundreds of statements in minutes, greatly improving efficiency during bank statement audits.
Final Advice
Not all banks can offer a CSV format for their statement like Chime, leaving accountants to work with PDF statements or when their clients only have PDF available.
As the number of these PDF or paper statements grows, manually processing bank statements can become prone to errors and time-consuming.
A bank statement converter solves these problems by quickly converting PDFs into Excel, CSV, or QBO formats in just a few minutes.
Automated bank statement processing saves you time and allows you to focus on more prioritized accounting tasks, reducing operational costs in the long run.
Why Use DocuClipper as Your Bank Statement Converter
DocuClipper is a web-based tool specialized in converting PDF bank statements into formats like XLS, CSV, and QBO. Using advanced OCR technology, it accurately extracts data from bank statements, ensuring precision in every conversion.
It can integrate with popular accounting software such as QuickBooks, Sage, and Xero, making data transfer and management hassle-free.
Additionally, DocuClipper has a transaction categorization feature that neatly organizes and groups all transactions.
It also supports the conversion of credit card statements, brokerage statements, receipts, and invoices.
FAQs about Chime Bank Statement to Excel
Here are some frequently asked questions about converting Chime Bank Statements to Excel
Can I export my Chime bank statement to Excel?
Yes, you can export your Chime bank statement to Excel by first downloading the statement as a PDF from the Chime app or website. Then, use a bank statement converter like DocuClipper to convert the PDF into an Excel file, making the data easy to work with and organize.
Can I convert my bank statement to Excel?
Yes, you can convert your bank statement to Excel. Simply download the statement as a PDF from your bank’s website or app, then use a tool like DocuClipper or any bank statement converter to quickly convert the PDF into an Excel file for easier data management and analysis.
How do I download a Chime bank statement to a CSV file?
To download a Chime bank statement to a CSV file, first, download the statement as a PDF from the Chime app or website. Then, use a bank statement converter like DocuClipper to convert the PDF into a CSV format, which can be imported into accounting software or spreadsheets.
How do I convert a PDF financial statement to Excel?
To convert a PDF financial statement to Excel, use a tool like DocuClipper or another PDF-to-Excel converter. First, upload the PDF file to the converter, then select the Excel format for export. The tool will extract and organize the data into an Excel spreadsheet for easy use.
Can I download my bank statement as a CSV file?
Yes, you can download your bank statement as a CSV file by first downloading it as a PDF from your bank’s app or website. Then, use a tool like DocuClipper or another converter to transform the PDF into a CSV file, which can be easily imported into financial software.
Can you download bank transactions to Excel?
Yes, you can download bank transactions to Excel. First, download your bank statement as a PDF from your bank’s app or website, then use a tool like DocuClipper or a similar converter to export the transactions from the PDF into an Excel file for easy organization and analysis.
Learn more
Looking for more types of bank statements to convert? Check out our library about bank statement conversion:
- How to Convert Chase Bank Statement to Excel, CSV, and QBO in 1 Minute or Less
- How to Convert Halifax Bank Statement to CSV, Excel, and QBO in a Minute or Less
- How to Convert Truist Bank Statement to Excel, CSV, and QBO in 1 Minute or Less
- How to Convert HDFC Bank Statement to Excel, CSV, and QBO in 1 Minute or Less
Or use these resources to learn more about accounting:
- What is Bank Statement Analysis and How to Do It
- How to Manually Import Credit Card Transactions into QuickBooks Online
- What is a Brokerage Statement?
