BankStatementMatcher
7.3#2 in payment reconciliation softwareFrom $9.99 a monthFree planWebAPI
VisitBankStatementMatcher vs MatchIQ
What both publish
| Fact | BankStatementMatcher | MatchIQ |
|---|---|---|
| Exports | Results can be exported as CSV, Excel or PDF, including matched and unmatched items and a reconciliation summary. | Completed reconciliations can produce summary, matched-pair and exception outputs in PDF, CSV or Excel. |
| File handling | The FAQ says uploaded files are processed for matching and automatically deleted after processing or within a limited retention period. | The security page says simple conversion or reconciliation uploads are deleted after processing when retention is unnecessary. |
| Integrations | The site lists WooCommerce, Shopify, WordPress and Zapier integrations, plus payment and POS workflows involving Stripe, Adyen, Worldpay, SumUp and Zettle. | The listed OAuth integrations are QuickBooks, Xero, Sage, Pandle, FreeAgent and YNAB; the page marks the first five as post and YNAB as read and write. |
| Licence | The terms reserve intellectual-property rights to the operator and prohibit copying, modification or distribution, indicating a proprietary service rather than open-source software. | The reviewed public pages describe a hosted web service and do not state an open-source licence or self-hosting package. |
| Matching | Matching uses references and amounts, supports partial or fuzzy matches, and provides confidence scores. | Its matching engine handles fuzzy descriptions, date variances, and batch payments, with the site claiming throughput above 5,000 transactions per second. |
| Purpose | It converts bank statements to Excel or CSV, reconciles transactions against reference files, matches receipts, and summarizes spending. | MatchIQ, ReconcileIQ's bank reconciliation tool, matches bank statements against accounting records, identifies discrepancies, and can push fixes back to accounting software. |
| Security | The site states data is encrypted in transit and at rest with AES-256, and describes its controls as GDPR compliant and SOC 2 aligned. | The product page says it uses AES-256 encryption, processes files in isolated environments, deletes them automatically, and is GDPR compliant and ICO registered. |
| Security encryption | The service states that data is encrypted in transit and at rest using AES-256 or equivalent hosting encryption. | Official security material says data is encrypted in transit and at rest using TLS and encrypted server storage. |
| Support | Free users receive community support; paid plans include email support, while Pro receives priority support and Business includes onboarding. | The Starter plan lists email support, and the about page says the founder usually responds within 24 hours. |
BankStatementMatcher plans
- FreeFree
- Starter$9.99 a month
- Pro$29.99 a month
- Business$49.99 a month
- EnterprisePriced on request
MatchIQ plans
- Start FreeFree
- Starter£10 a month
- Accountant£30 a month
- Practice Essential£149 a month
- Practice Pro£299 a month
- Enterprise£799 a month
Pick BankStatementMatcher if…
The site identifies schools, charities, SMEs, accountants, and finance teams as intended users. It may suit organizations that need to match statements and receipts against reference files or integrate matching into software.
Pick MatchIQ if…
ReconcileIQ suits accountants, accounting professionals, and business owners who need to match statements with accounting records. Its integrations and correction workflow may suit users working with the listed accounting products.