Bank Statement Converter for UTMA/UGMA Accounts

Custodians managing a UTMA or UGMA account need to track contributions, withdrawals, and growth carefully, since the funds legally belong to the minor and must be used for their benefit. Convert your PDF bank statements to Excel so you can document deposits and withdrawals clearly, prepare records for when the beneficiary reaches the age of majority, and keep transparent documentation for any family disputes.

Key Benefits

• Document all contributions and withdrawals from the custodial account
• Prepare clean records for transfer when the beneficiary comes of age
• Track that withdrawals were used for the minor's benefit
• Export Excel for the family's financial advisor or accountant
• Free, no account required — files deleted after conversion

How It Works

1. Step 1: Download statements covering the custodial account history
2. Step 2: Upload each PDF to Bank Statement Converter
3. Step 3: Select Excel or CSV output
4. Step 4: Keep the organized record with the account's other documents

Frequently Asked Questions

Why does a UTMA account need detailed records?

Because the funds legally belong to the minor, custodians can be asked to account for how the money was used, and a clean transaction record protects both the custodian and the beneficiary.

What happens to the account when the minor turns 18 or 21?

Control of the account transfers to the beneficiary at the age set by state law, and a clear transaction history makes that handoff smoother.

Convert a Statement Free