Free tool to find hidden banking fees costing over €250/year with secure, GDPR-compliant bank analysis and personalized saving tips.
Banknaked is a banking fee analyzer designed for consumers aiming to uncover hidden charges and reduce unnecessary costs in their accounts. It offers automatic detection of various banking fees to provide clear insights and recommendations for savings.
Banknaked is a free banking fee analyzer that helps users detect hidden fees in their bank accounts through automated analysis. It highlights costly charges such as account maintenance and foreign exchange fees, allowing users to make informed financial decisions.
Data is processed using bank-level encryption and never stored longer than necessary, complying with GDPR regulations. Access is read-only, meaning it cannot perform any transactions, which enhances security.
The tool identifies a range of banking fees including monthly account fees, foreign exchange markups, ATM withdrawal charges, and wire transfer fees. This comprehensive detection helps reveal the true cost of banking.
It is best suited for users who want to track and reduce hidden banking costs without complex setup procedures. Those with multiple or international accounts may benefit most from its detailed fee analysis.
Banknaked relies on Open Banking APIs, so availability depends on bank support for these APIs. Additionally, it focuses on detecting fees in the past 12 months, which may not capture historical charges beyond this period.