---
title: How Disclosure Ready classifies Bank and Credit Card statements
description: Disclosure Ready automatically classifies bank and credit card statements as you upload them. It extracts the account number, account name, and statement period from each statement, then places it in the correct bank account folder, which it creates automatically. Watch…
url: "https://disclosureready.legalready.ai/knowledge/how-does-disclosure-ready-classify-credit-card-and-bank-statements-automatically/"
updated: "2026-09-01"
category: AI Matter Intelligence
---

# How Disclosure Ready classifies Bank and Credit Card statements

Disclosure Ready automatically classifies bank and credit card statements as you upload them. It extracts the account number, account name, and statement period from each statement, then places it in the correct bank account folder, which it creates automatically.

Watch the following video to see the magic of the "Bank Accounts" folder in action or refer to the instructions below.

[How does Disclosure Ready classify credit card and bank statements automatically?](https://player.vimeo.com/video/1061128436?h=6fe7a795ef&dnt=1&app_id=122963)

## Upload Bank Statements

1. Select the matter where you want to upload the bank statements
2. Click **Actions** in the top-right corner and click **Add Documents**
3. Under **Upload** to select **Single folder** and select which party the documents will be added to
4. In the**Destination Folder**, select **Bank Accounts**
5. Drag and drop your documents into the upload area or select them from your computer
6. Click **Upload**

Disclosure Ready processes each statement automatically:

- The document name updates in the Index to show the bank name
- The document date updates to match the statement's date range
- The statement moves into the correct bank account folder, created automatically if it does not already exist

**Note**: Disclosure Ready also highlights any missing bank statements and the date range they cover.

## How to display Opening and Closing Balances

By default, these fields are hidden. To make them visible, perform the following steps:

1. Open your matter and click **Setup** at the top 
2. Click **Fields** in the left menu
3. Click **Opening Balance** 
4. In the Display mode for Disclosure Bundle dropdown menu, select either **In extra column** or **In extra row**
5. Tick **Display in document listings**
6. Click **Update**

**Note**: Repeat **Steps** **3** to **6** for **Closing Balance**.

For further information or assistance, please do not hesitate to reach out to our dedicated Support Team via [support@legalready.ai](mailto:support@legalready.ai) or +61 3 9020 4456.