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Banknaked is a financial transparency platform, not a bank. It uses open banking APIs to read users’ bank transactions and identify hidden bank fees, FX markups, transfer fees, ATM fees, account maintenance fees, and forgotten or duplicate subscription charges. The website states that it is operated by Old Farm Technologies Ltd, with terms governed by Bulgarian law.
Its core capabilities are read-only Open Banking connections and AI-powered fee detection. After user authorization, the system can analyze up to 24 months of historical transactions and generate transaction-level reports showing fee categories, timing, amounts, monthly trends, and annualized impact. In addition to bank fees, it also scans recurring charges from streaming services, software, gyms, and similar subscriptions, flagging price increases and duplicate subscriptions. The platform says it supports over 2,500 banks in Europe, with connections completed through the bank’s secure authorization page. It does not store bank login credentials.
Pricing follows a Freemium model. The free plan costs €0/month and includes full fee analysis, fee category detection, shareable reports, and subscription charge discovery. The Monitor plan costs €4.99/month, or €3.99/month with annual billing, and adds support for up to 3 bank accounts, monthly scans, fee change alerts, historical tracking, switching recommendations, and alerts for subscription price increases and duplicate charges. The refund policy includes a 14-day money-back guarantee after the first purchase, with approved refunds returned to the original payment method within 5–7 business days.
Banknaked emphasizes that it is EU-regulated, GDPR compliant, uses 256-bit encryption, end-to-end encryption, and read-only access. It cannot transfer money or modify accounts, and users can revoke connections at any time. However, the main content does not disclose a specific regulatory license number or identify the open banking service provider, so the compliance information remains fairly general. Its accuracy depends on the scope of data made available through bank APIs. The platform also explicitly states that it does not guarantee it will catch every fee and does not provide financial advice.
The advantages are a low-friction free plan, detailed reports, and coverage of both bank fees and subscription leakage. It is suitable for individual users in Europe who want to audit account costs, prepare to switch banks, or clean up subscriptions. The drawbacks are that it mainly serves the European open banking ecosystem, so it offers limited value for Chinese users or non-European bank accounts; advanced monitoring and dispute assistance require a paid plan.
The source text does not mention website accessibility from mainland China, so its status is unknown; payment methods are also not disclosed. If you cannot connect a local bank account, consider using bill analysis features in local banking apps, budgeting tools, or—within a European context—comparing personal finance management products such as Emma, Snoop, Moneyhub, and Rocket Money.
⚠ This review is compiled from public sources and does not constitute a purchase recommendation. Verify all facts on the vendor's official site. Verify on banknaked.com official site.
banknaked.com is an Unknown Payments provider. TG4G tracks its product information, an overall rating of 6.0/10, and a China-accessibility score of Workable. Click "Visit Official Site" to reach banknaked.com directly.