Bank Statement → .OFX for Due Diligence
Due diligence requires systematic analysis of a target company's cash flows, related-party transactions, and payment patterns. PDF bank statements cannot be analysed at scale. Upload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry.
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Secure Financial Data Processing
OFX for Due Diligence — Why It Works
M&A advisors, private equity analysts, and legal teams conducting financial due diligence who need structured bank transaction data as part of target company assessment. Convert target company bank statement PDFs to Excel or JSON for systematic transaction analysis. Identify related-party payments, unusual patterns, and cash flow trends programmatically. Compatible with QuickBooks, Xero, Microsoft Money, GnuCash, Quicken.
Example OFX Output
| Date | Description | Debit (USD) | Credit (USD) | Balance |
|---|---|---|---|---|
| 2024-03-15 | Chase ATM Withdrawal | 2,000.00 | — | 48,500.00 |
| 2024-03-18 | Salary Credit | — | 75,000.00 | 1,23,500.00 |
How It Works
Step 1
Obtain target company bank statement PDFs as part of data room access
Step 2
Upload to MintConvert — batch processing on Scale plan
Step 3
Download Excel or JSON files for each account and period
Step 4
Run analytical procedures: related-party filter, large unusual transactions, payment pattern analysis
Step 5
Document findings in due diligence working papers
Why MintConvert
- OFX — Upload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry.
- Due Diligence — Convert target company bank statement PDFs to Excel or JSON for systematic transaction analysis. Identify related-party payments, unusual patterns, and cash flow trends programmatically.
- 23 banks supported — Auto-detected — no configuration per bank.
- Compatible with — Excel, IDEA Data Analysis, Power BI, JSON APIs
- Privacy first — PDFs deleted immediately after conversion.
- Free to start — 5 free conversions/month. No credit card.
By Bank
Oman
Germany
Ireland
Sweden
Norway
Denmark
Portugal
South Africa
Kenya
Ghana
Bangladesh
South Korea
Taiwan
Thailand
Vietnam
Sri Lanka
Nepal
Cambodia
Ethiopia
Tanzania
Zambia
Argentina
Chile
Colombia
Frequently Asked Questions
Why is OFX the right format for due diligence?
Upload any bank statement PDF and generate an OFX (Open Financial Exchange) file compatible with many accounting tools and banking software. Ideal for importing transactions without manual entry. For due diligence: compatible with Excel, IDEA Data Analysis, Power BI.
How does the OFX output support due diligence workflows?
Convert target company bank statement PDFs to Excel or JSON for systematic transaction analysis. Identify related-party payments, unusual patterns, and cash flow trends programmatically. The output includes consistent columns (Date, Description, Debit, Credit, Balance) across all 23 supported banks.
Which banks are supported for OFX for due diligence?
23 banks across 8 countries: HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Kotak Mahindra Bank, Chase, and more.
Is the OFX output compatible with Excel?
Yes — Most accounting tools allow OFX imports through their bank import feature. Upload the generated .ofx file and transactions will be automatically added to your ledger.
How many conversions does a due diligence workflow typically need?
MintConvert's Starter plan ($9/month, 100 conversions) suits small practices. Pro ($19/month, 500 conversions) for mid-size firms. Scale ($49/month, unlimited) for large firms.
Due Diligence — Other Formats
OFX — Other Use Cases