Bank Statement Converter for Custodial Accounts

Custodians managing a UTMA or UGMA account for a minor are expected to use the funds for the child's benefit and may need to account for that at the age of majority. Convert your PDF bank statements to Excel so you can document contributions, track withdrawals used for the minor, and keep a transparent record as custodian.

Key Benefits

• Document contributions to the custodial account
• Track withdrawals used for the minor's benefit
• Keep transparent records as the account custodian
• Export Excel for your own records or family review
• Free, no account required — files deleted after conversion

How It Works

1. Step 1: Download statements covering the account's history
2. Step 2: Upload each PDF to Bank Statement Converter
3. Step 3: Select Excel or CSV output
4. Step 4: Track contributions and categorize withdrawals

Frequently Asked Questions

What can custodial account funds be used for?

Generally, withdrawals should benefit the minor — education, activities, or other needs. Custodians who misuse funds can face legal consequences once the minor reaches majority.

Why keep detailed records as a custodian?

An Excel export of contributions and withdrawals protects you if your management of the account is ever questioned by the beneficiary or another family member.

Convert a Statement Free