Frequently asked questions
Banknaked is a banking tool that reveals the true cost of your banking by connecting securely to your bank account through Open Banking. It provides a clear breakdown of monthly charges, transaction fees, and other hidden costs. With a focus on privacy, Banknaked offers read-only access and encrypted processing, allowing you to see total fees and receive explanations in plain language. Additionally, it suggests cheaper account options based on your actual usage, helping you make informed financial decisions.
Banknaked enhances financial management by providing users with a detailed overview of their banking fees and charges. By identifying unnecessary costs and suggesting alternative banking options, it empowers users to negotiate better terms or switch accounts, ultimately leading to more efficient budgeting and expense tracking.
Yes, Banknaked prioritizes user privacy and security. It uses secure Open Banking protocols for read-only access, ensuring that no money movement occurs. Additionally, all data is encrypted, and users have the ability to delete their information whenever they choose.
Yes, Banknaked offers a free version that allows users to start analyzing their banking fees. Users can upgrade to a paid version when they are ready to access more in-depth features and insights.