Banknaked

Banknaked is your personal financial detective, designed to uncover the hidden fees your bank doesn't want you to see. In simple terms, it's a transparency tool that securely connects to your bank account using Open Banking technology. Once connected, it scans your transactions to give you a clear, easy-to-understand breakdown of every single charge you've paid. This includes monthly maintenance fees, foreign exchange markups, ATM withdrawal charges, and other miscellaneous costs that often get buried in complex statements. The platform is perfect for anyone who uses a bank account but isn't sure exactly what they're paying for. Whether you're a student, a professional, or just someone wanting to be smarter with money, Banknaked empowers you with knowledge. Its core value is simple: to reveal the true cost of your banking so you can stop overpaying. With this insight, you can confidently switch to a better account, negotiate with your current bank, or cancel services you don't need. The entire process is secure, fast, and read-only, meaning Banknaked can only view your data—it can never move your money. In less than two minutes, you can start your journey toward taking full control of your banking expenses.

Automatic Fee Detection

Our smart algorithms do all the hard work for you. Once you connect your account, Banknaked automatically scans your transactions to identify every type of fee. It finds monthly account maintenance charges, foreign exchange markups on overseas purchases, ATM withdrawal fees, wire transfer costs, and other hidden charges that are easy to miss in a standard bank statement. You get a complete list without having to manually review pages of transactions.

Visual Cost Dashboard

Understanding your fees should be easy. Banknaked presents your banking costs on a clear, visual dashboard. You can see a pie chart or graph that breaks down exactly where your money is going over the last month or year. This visual summary helps you instantly grasp which fees are costing you the most, making complex financial data simple and actionable at just a glance.

Personalized Alternative Recommendations

Finding a better bank account can be overwhelming. Banknaked doesn't just show you the problem—it helps you solve it. Based on your specific banking habits and the fees you're paying, the platform provides personalized recommendations for alternative bank accounts or financial products that could save you significant money each year, turning insight into direct action.

Secure Open Banking Connection

Your security and privacy are our top priority. Banknaked uses secure, read-only Open Banking APIs to connect to your bank. This is the same technology trusted by financial institutions. It means we never see your login credentials, your data is encrypted, and we only have permission to view your transactions—we can never access your money or make any changes to your account.

The First-Time Account Holder

If you've just opened your first bank account, all the fees and charges can be confusing. Banknaked acts as a guide, explaining each fee in plain language and showing you the real cost of your banking. This helps you build good financial habits from the start and ensures you choose the right account as your needs change, preventing you from overpaying from day one.

The Frequent Traveler

Do you travel abroad or shop on international websites? Foreign exchange fees and ATM charges can add up quickly without you noticing. Banknaked specifically highlights these cross-border transaction fees. By seeing the total annual cost, you can decide to switch to a bank account or card designed for travelers that offers free foreign transactions and ATM withdrawals.

The Cost-Conscious Consumer

You want to save money wherever possible, but banking fees are a blind spot. Banknaked is perfect for you. It performs a quick "health check" on your bank accounts, identifying recurring charges for services you may not even use. With this report, you can call your bank to negotiate waivers, downgrade your account package, or confidently switch to a truly free alternative.

The Financial Reviewer

Whether you're preparing your annual budget, doing your taxes, or simply reviewing your finances, Banknaked provides the missing piece of data: your total banking cost. It compiles all those small, scattered fees into one clear annual figure, making it easy to account for this expense in your financial planning and identify opportunities to boost your savings effortlessly.

Is Banknaked safe to use?

Absolutely. Security is our foundation. We use Open Banking, which is a secure, regulated standard. You connect your bank through your bank's own secure portal—we never see or store your login password. The connection is "read-only," meaning we can only view your transaction history to identify fees. We cannot access your money, make payments, or change any account details. Your data is encrypted and processed with bank-level security.

How much does Banknaked cost?

Using Banknaked to scan your bank and uncover your hidden fees is completely free. Our mission is to promote banking transparency, and we believe everyone should have free access to understand what they're paying. There is no charge for connecting your accounts, receiving your fee analysis, or getting personalized recommendations for better alternatives.

Which banks do you support?

Banknaked supports a wide range of major banks and financial institutions across Europe through Open Banking APIs. The connection process is quick and standardized. When you begin the sign-up, you will be able to search for and select your bank from our list of supported partners to start the secure connection immediately.

How long does it take to see my results?

The process is very fast. After you securely connect your bank account through Open Banking (which takes about a minute), our algorithms need just another minute to scan and analyze your transactions. In less than two minutes total, you will have a full breakdown of your banking fees displayed on your personal, easy-to-understand dashboard.