How to Convert TIAA Bank Bank Statement to Excel

How TIAA Bank statements are structured

TIAA Bank (rebranded to EverBank in 2024) produces statements that reflect its origin as a retirement and wealth management institution rather than a traditional checking-and-savings bank. The standard checking/savings statement uses Date, Description, Withdrawals, Deposits, and Balance columns in a chronological table — familiar enough — but the complexity emerges from TIAA's yield-optimization features that generate additional sections unique to this institution. The Tiered Interest Rate Summary is the most problematic section for generic converters. TIAA's yield-bearing accounts use a tiered rate structure where different balance ranges earn different APYs (for example: $0-$24,999 at 0.25%, $25,000-$99,999 at 0.50%, $100,000+ at 0.75%). The statement prints a multi-row table showing each tier's balance range, the number of days at that tier, the daily rate, and the interest earned for that tier during the period. This table uses Date-like alignment for the balance ranges and Amount-like alignment for the interest figures, making it visually indistinguishable from a transaction table to a position-based parser. The total interest earned appears as both a row in this calculation table AND as an actual transaction (Interest Credit) in the main transaction list — creating a guaranteed double-count for naive converters. Money Market Sweep accounts add another layer. TIAA's cash management feature automatically moves funds between a low-yield checking account and a high-yield money market account based on configurable thresholds. Each sweep generates a paired transaction: a withdrawal from one account and a deposit to the other, both with identical timestamps and matching amounts. On a consolidated statement, these sweeps can account for 40-60% of all transaction rows while representing zero net movement of funds. For reconciliation purposes, users sometimes want these sweeps included (to match the bank's records exactly) and sometimes want them excluded (to see only external money movement). Retirement account distributions (IRA, 401(k) rollovers) appear on TIAA Bank statements with tax-reporting codes embedded in the description — distribution codes (Normal, Early, Substantially Equal), federal and state withholding amounts, and the gross-vs-net distinction. These multi-field descriptions wrap to two or three lines and include percentage calculations that look like amounts to a parser. EverBank-era statements use the same underlying layout with updated branding, slightly different fonts, and a new color scheme that doesn't affect text extraction but does change the visual spacing that some pixel-position-based converters rely on. CleanStmt detects both legacy TIAA Bank and current EverBank headers, excludes the tiered interest calculation table while preserving the actual Interest Credit transaction, handles money market sweep pairs with a configurable include/exclude option, and correctly parses multi-line retirement distribution descriptions into single transaction rows.

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