Banknaked

About Banknaked

Alright, let's get real. Your bank is low-key robbing you blind with a bunch of sneaky fees they hope you'll never notice. Enter Banknaked - your new financial wingman that cuts through the banking BS to show you exactly what your "free" account is actually costing you. Think of us as an X-ray for your bank statement. We use secure, read-only Open Banking to connect to your account (no, we can't touch your money, chill) and in under two minutes, we perform a full forensic audit. We'll lay bare all those monthly "maintenance" charges, foreign exchange markups, ATM fees, and those super shady "miscellaneous" costs. We then hit you with the hard facts: a clean breakdown of what you've paid, explanations in plain English (not bank-speak), and a scary-accurate projection of what you'll fork over this year. The best part? We don't just point out the problem; we give you the solution with personalized recommendations for cheaper accounts that actually fit your life. It's time to stop getting played. See where your money really goes, so you can switch, negotiate, or finally cancel those services you never use.

Features of Banknaked

Fee Detection Ninja

Our algorithm is like a bloodhound for hidden costs. It automatically scours your connected accounts, sniffing out monthly charges, foreign exchange markups, transaction fees, and any other sketchy line items your bank tries to bury in pages of nonsense. No more squinting at PDF statements; we do the detective work for you and present the evidence.

No-BS Visual Dashboard

Forget confusing spreadsheets. We serve up your total banking costs on a crystal-clear, visual dashboard that actually makes sense. See your financial bleed-out broken down by category with easy-to-read charts. It’s your personal financial reality check, showing you exactly where your cash is slipping through the cracks.

Smarter Bank Switch Recommendations

We don't just expose the fees and dip. Based on your actual spending and transaction habits, our system hunts down genuinely better banking alternatives that could save you serious coin. Get personalized suggestions so you can ditch your overpriced bank for one that doesn't treat you like an ATM (fee).

Fort Knox-Level Security & Privacy

We get it—connecting your bank sounds sketchy. That’s why we’re privacy-first. We use secure, certified Open Banking APIs for read-only access (we can't move your money, ever). Your data is encrypted like a bank vault, processed securely, and you can delete it anytime. GDPR-compliant and no funny business.

Use Cases of Banknaked

The "Is My Account Actually Free?" Check

You signed up for a "free" current account years ago but have a sneaking suspicion you're being charged. Connect with Banknaked for a quick two-minute scan. We'll confirm if you're paying stealth fees for things like paper statements, debit card replacements, or account inactivity, and show you the annual damage.

Pre-Negotiation Ammo

Walking into a bank call to ask for a fee waiver is weak. Walking in with a Banknaked report showing exactly how much you've paid in FX markups and ATM fees last year is power. Use our breakdown as undeniable evidence to negotiate better terms or get charges refunded.

The Digital Nomad / Frequent Traveler Audit

If you travel or buy stuff online in other currencies, your bank is probably rinsing you on foreign exchange fees. Connect your accounts to see the brutal truth of those hidden markups on every transaction. We'll then recommend fee-free travel cards or accounts that actually respect your global lifestyle.

The Big Financial Spring Clean

You're getting your life together, budgeting with apps, but your banking costs are a black box. Use Banknaked as the final piece. Get a full historical analysis of all your accounts, identify every recurring charge, and finally optimize this basic, expensive part of your financial life once and for all.

Frequently Asked Questions

Is connecting my bank account safe?

Totally safe, and we're obsessed with this. We use secure, official Open Banking connections, which are read-only. This means we can only see your transactions—we can't move, withdraw, or touch your money in any way. It's like giving someone a view-only link to a spreadsheet. Your data is encrypted and we're fully GDPR compliant.

What banks do you work with?

We connect to pretty much any major bank or financial institution that supports Open Banking APIs, which is most of them in the UK and Europe. The connection process during sign-up will show you a list of your available banks to choose from. It's a standardized, secure system.

How do you find fees I can't even see?

Banks are sneaky, but we're sneakier. Our algorithms are trained to recognize not just obvious fees labeled "charge," but also the hidden costs baked into things like currency conversions (the markup on the exchange rate) and bundled service fees. We translate bank jargon into plain English so you finally understand what you're paying for.

What happens to my data?

You're in control. We process your data securely to generate your fee report. We don't sell it, and we don't store it longer than necessary. You can delete all your connected data and personal info from our systems anytime you want with a few clicks in your account settings. Poof, gone.