Banknaked

About Banknaked

Banknaked is a revolutionary financial tool designed to unveil the hidden costs of banking that often go unnoticed. By connecting your bank account through secure Open Banking technology, you gain access to a comprehensive breakdown of your monthly expenses, transaction fees, and those elusive charges that banks tend to conceal. It's tailored for anyone who wants to take control of their finances and stop paying unnecessary fees. With a privacy-first approach, Banknaked offers read-only access, ensuring that your money remains untouched. In just minutes, you can visualize your total banking fees, understand them in plain language, and even receive annual projections of what these charges could amount to. Plus, Banknaked doesn't just stop at revealing fees—it also suggests cheaper account options based on your actual spending habits, empowering you to switch, negotiate, or eliminate features that don’t serve you. Start for free today and discover the true cost of your banking.

Features of Banknaked

Automatic Fee Detection

Banknaked employs advanced algorithms to automatically identify hidden banking fees across all your accounts. From monthly maintenance charges to foreign exchange markups, our system ensures you know exactly what you are being charged for, enabling smarter financial decisions.

Visual Dashboard

With our intuitive visual dashboard, you can easily see your total banking costs broken down into clear categories. This feature allows you to understand where your money is going at a glance, making it easier to spot unnecessary expenses and adjust your banking habits accordingly.

Personalized Recommendations

Based on your unique banking behavior, Banknaked provides tailored recommendations for alternative banking solutions that could save you significant money. This feature empowers you to make informed choices, helping you to switch accounts or negotiate better terms that align with your financial goals.

Secure and Private

Banknaked prioritizes your security and privacy. Your data is processed with bank-level encryption and is only retained for as long as necessary, ensuring that your sensitive information is kept safe from prying eyes. Plus, with GDPR compliance, you can trust that your data is handled responsibly.

Use Cases of Banknaked

Uncover Hidden Costs

If you're tired of being blindsided by unexpected banking fees, Banknaked is your go-to solution. By connecting your bank account, you can quickly identify hidden costs and take action to eliminate them, potentially saving hundreds of euros each year.

Optimize Your Banking Experience

For those who want to refine their banking strategy, Banknaked offers insights into your spending patterns. With this data, you can negotiate better terms with your bank or switch to a more cost-effective account that suits your financial needs.

Track Your Financial Health

Using Banknaked, you can monitor your banking fees over time, giving you a clearer picture of your financial health. This feature allows you to stay on top of your expenses and adjust your budget accordingly, ensuring that you are always in control of your finances.

Educate Yourself on Banking Fees

Many consumers are unaware of the various fees associated with their banking services. Banknaked educates users by breaking down these charges in plain language, making it easier to understand and demystifying the often complex world of banking fees.

Frequently Asked Questions

How does Banknaked ensure my data is secure?

Banknaked utilizes bank-level encryption for data processing and storage. We operate on a read-only access model, meaning no money can be moved or manipulated through our platform. Plus, we comply with GDPR regulations to protect your privacy.

What types of fees can Banknaked identify?

Banknaked can identify a variety of fees, including monthly account maintenance charges, foreign exchange markups, ATM withdrawal fees, and wire transfer costs. Our algorithms are designed to uncover all hidden charges, regardless of their nature.

Is there a cost to use Banknaked?

You can start using Banknaked for free, allowing you to uncover hidden fees without any initial investment. If you want to dive deeper into your financial data and receive enhanced features, we offer premium options for those ready to take their banking insights further.

How long does it take to set up Banknaked?

Setting up Banknaked takes less than two minutes. Simply connect your bank account through our secure Open Banking API, and you will be ready to start uncovering hidden fees in no time. No manual uploads or complicated processes are required.