Monzo Statements + Financial Advisors (IFAs) Workflow
As financial advisor, you regularly handle Monzo bank statements. Independent financial advisors reviewing client finances need to analyse bank statements to understand spending patterns, income, and savings capacity.
BankScan AI: Monzo to Excel for Financial Advisors (IFAs)
BankScan AI converts Monzo statements to Excel automatically — handling DD/MM/YYYY and single Amount column with positive/negative values and merchant category tags. Convert client bank statements to Excel for quick financial analysis, cashflow modelling, and wealth planning presentations.
About Monzo Statement Format
Monzo provides CSV exports natively, but many clients still send PDF statements that need parsing for bookkeeping software.
Monzo Statement Quirks
Monzo uses DD/MM/YYYY with single Amount column with positive/negative values and merchant category tags. Common issues: Pot transfers appear as internal transactions that inflate totals if not filtered, merchant names change between card payments and refunds for the same vendor, and transaction notes added by the user appear as extra lines. BankScan AI handles all of these automatically.
How Financial Advisors (IFAs) Handle Monzo Statements
When working with Monzo statements, financial advisors (ifas) need to IFAs request bank statements during fact-find meetings to assess client income, expenditure patterns, existing commitments, and savings capacity. They analyse statements to build cashflow models, iden
Key terms you'll encounter: fact-find, suitability report, attitude to risk, capacity for loss, income and expenditure analysis.
How It Works
Upload Monzo statement
Drag and drop your Monzo PDF. Supports PDF, CSV. Our AI handles DD/MM/YYYY automatically.
AI parses the statement
Our AI understands Monzo's single Amount column with positive/negative values and merchant category tags and extracts every transaction with 99%+ accuracy.
Use in your financial advisors (ifas) workflow
Download Excel ready for Intelliflo, CashCalc or direct analysis.
Monzo + Financial Advisors (IFAs) Features
- Merchant category codes — (e.g., Groceries, Transport, Entertainment) are included in the export
- Pot transfers to — savings pots appear as internal debits/credits
- Built for Financial Advisors (IFAs) — Saves 30-45 minutes per client fact-find on income and expenditure analysis, with annual reviews completed 20-30 minutes faster per client
- Software compatible — Output works directly with Intelliflo, CashCalc, Excel
Convert Monzo Statements — Built for Financial Advisors (IFAs)
Handles DD/MM/YYYY dates, single Amount column with positive/negative values and merchant category tags, and PDF, CSV formats automatically.
Convert Monzo Statements Free