Banknaked

About Banknaked

Tired of feeling like your bank is taking you for a ride? Welcome to Banknaked, your ultimate tool for banking transparency! We expose the true cost of your banking by shining a bright light on all those hidden fees, mysterious charges, and sneaky markups that quietly eat away at your money every year. The average person pays over €250 in unnecessary fees—imagine what you could do with that cash back in your pocket! Banknaked connects securely to your bank account via Open Banking in just minutes, giving you a clean, powerful breakdown of every single charge. We are fiercely privacy-first, using read-only access so we can never move your money, with encrypted processing and data you can delete anytime. You'll instantly see your total fees explained in plain language, get an annual projection, and receive personalized recommendations for cheaper account options tailored to your actual spending habits. It's time to stop paying for features you don't need. Take control, switch, negotiate, and save! Start completely free and upgrade only when you're ready to dive deeper. Your financial clarity is just two minutes away!

Features of Banknaked

Automatic Fee Detection

Our powerful algorithms do the hard work for you, automatically scanning your connected accounts to identify every single fee! We uncover monthly maintenance charges, foreign exchange markups, ATM withdrawal fees, wire transfer costs, and those vague "miscellaneous" charges banks love to hide in complex statements. No more manual statement analysis—get a complete audit in seconds!

Visual Fee Dashboard

See exactly where your money is going with our crystal-clear, visual dashboard! We transform confusing transaction data into easy-to-understand charts and graphs that break down your total banking costs over the last 12 months. Watch your savings potential come to life as you see categories like account fees, FX fees, and ATM costs visualized, making it simple to understand your financial footprint at a glance.

Personalized Bank Recommendations

Why pay more than you have to? Based on your actual banking activity and fee profile, we provide tailored recommendations for alternative accounts or banks that could save you significant money! We show you a direct comparison between your current annual costs and the potential cost with a recommended alternative, empowering you to make a smart, informed switch.

Bank-Level Security & Privacy

Your security is our top priority! We use secure, certified Open Banking APIs for a read-only connection, meaning we can never move your money—only view your transactions. Your data is protected with bank-level encryption, processed in compliance with GDPR, and never stored longer than necessary. You are always in control, with the ability to delete your data anytime.

Use Cases of Banknaked

The Proactive Saver

You're budget-conscious and want to maximize every euro! Use Banknaked to conduct a full audit of your banking fees and identify unnecessary costs draining your account. Our annualized projection and alternative recommendations give you the concrete evidence needed to either negotiate with your current bank for a better deal or confidently switch to a cheaper provider, potentially saving hundreds per year!

The Frequent Traveler

Do you travel abroad or make international purchases? Hidden foreign exchange markups and ATM fees can be a huge, silent cost! Connect your accounts to see exactly how much you're overpaying on currency conversion and withdrawals. Banknaked will pinpoint these fees and suggest accounts with superior travel-friendly benefits, like free FX or ATM reimbursements, putting your travel money back in your pocket!

The Financial Beginner

Feeling overwhelmed by complex bank statements and financial jargon? Banknaked is your perfect starting point! We translate all those confusing charges into plain language with clear visuals, helping you understand what you're actually paying for. It's a risk-free, educational tool that builds financial confidence and helps you avoid costly accounts that don't match your simple needs.

The Multi-Account Manager

If you have current accounts, savings pots, or credit cards with multiple banks, it's impossible to track all the fees manually! Banknaked connects to all your accounts in one secure dashboard, giving you a consolidated, holistic view of your total banking costs across every institution. Uncover recurring charges you forgot about and streamline your finances for maximum efficiency and savings!

Frequently Asked Questions

Is Banknaked safe to use?

Absolutely! Security and privacy are our foundation. We use secure, read-only Open Banking connections, which are certified and regulated. This means we can only view your transaction data—we can never access your login credentials, move money, or make any changes to your accounts. All data is encrypted, GDPR-compliant, and you can delete it from our systems at any time.

How do you find hidden fees?

Our specialized algorithms are designed to scan and categorize thousands of transaction lines from your bank statements! We automatically identify common fee types like monthly account maintenance, ATM charges, wire transfer fees, and foreign exchange markups that often blend into regular transactions. We then present them clearly, so nothing stays hidden.

What does the free version include?

Our free version gives you powerful insights immediately! You can connect your bank, see a full breakdown of all your fees from the past year, view clear visualizations of your costs, and get an annualized projection of what you're paying. It's everything you need to uncover what your bank is charging you. You can upgrade for deeper historical analysis and advanced features.

Which banks can I connect?

We connect to a wide and growing range of major banks and financial institutions across Europe through secure Open Banking APIs. The connection process is instant and guided within the app. Simply search for your bank during the setup—if it's available in the Open Banking network, you can connect in less than two minutes and start your fee analysis!