Bank fees are complex by design.
Your bank statements aren’t built to make life easy.
They’re dense, technical documents with hundreds of line items that take real expertise to decode. Most treasury teams manage this manually, which means there’s always a risk of missing something.
The average company works with multiple banking relationships simultaneously. Across all of them, fees accumulate quietly, negotiated rates drift from actual charges, and unauthorized services get billed month after month without anyone noticing. By the time it shows up, you’ve already paid for it.
The cost isn’t just overpayment.
It’s the hours spent trying to find the discrepancies.
Many treasury teams are still doing this work in spreadsheets, like looking for a needle in a haystack. It’s slow, error-prone, and pulling your team away from higher-value work. With the Bank Fees app, there’s a better way.
Identify, control, and reduce bank fees
The Bank Fees App automates the hard part. It reviews your monthly bank account analysis files, flags every discrepancy between negotiated and actual rates, and surfaces the insights you need to take action. No more manual reconciliation. No more overpaying when something slips through the cracks.
Automated fee monitoring
Gain instant visibility into discrepancies with real-time statement analysis and anomaly detection.
Full fee transparency
Simplify complex fees with plain-language descriptions and automatic categorization.
Actionable savings intelligence
Access data-driven insights that help you negotiate better rates, dispute incorrect charges, and eliminate unsolicited services.
From a statement to savings in three steps
Upload your files and let the Bank Fees App do the rest. Here’s how the process works from start to finish.
Connect and Import
Upload your monthly bank account analysis files or connect directly to your bank’s platform. The app accepts all standard file formats and gets to work immediately.
Review and Identify
The app analyzes each line item against your negotiated rates and flags any that don’t add up. Discrepancies, unauthorized services, and hidden fees are surfaced in a clear report so your team knows where to focus.
Act and Recover
Use the app’s insights to dispute errors, renegotiate terms, and eliminate charges that shouldn’t be there. Automated alerts keep you ahead of future issues, so you’re never caught off guard again.
Simplicity built to grow with you.
Start for free and upgrade when you’re ready.
Free
Get started at no cost
The easiest way to see what Open Fees can do before you commit to anything.
- Access up to 2 apps
- Up to 5 banks or payment providers
- 1 user
- Manual file uploads (PDF, Camt83, EDI 820)
- Detailed dashboards and invoice analysis
- Limited Bank Health Check access (discrepancy analysis and optimization)
- Complementary benchmarks scorecard
Starter
For growing treasury teams
Access more of the platform and put real data to work across your banking relationships.
- Access up to 5 apps
- Unlimited users with Administrator access
- Manual file upload (PDF, Camt83, EDI 820, CSV)
- API and secure host-to-host bank connectivity*
- Detailed dashboards and fee analysis
- Full Bank Health Check analysis (catch all changes in volume and services)
- Unlimited hyper-detailed benchmarking analysis**
*API and host-to-host connectivity available upon request for a limited number of banks. Contact us for details.
**6 months of data required to run a Bank Health Check or detailed benchmarks analysis.
Go from clear as mud to clear as day.
Are you tired of wondering what you’re paying and why? With Open Fees, you get a single source of treasury truth—the kind that puts you in control of every banking cost and relationship. Request an invite to our Early Adopter program to start banking on intelligence today.
Explore the Balance Optimization App
Bank fees are only part of the picture. The Balance App helps you put your idle cash to work and maximize every dollar sitting in your accounts.
See the full platform
The Bank Fees App is one piece of a complete treasury relationship management solution. See everything the platform can do for your team.
Bank fees, answered.
The questions treasury teams ask us most about bank fee management and the Bank Fees App.
Bank fees are designed for bank reporting, not treasury visibility. Monthly account analysis statements are dense, technical documents written in service codes that require specialist knowledge to interpret. Most companies have multiple banking relationships, each with their own statement format and fee structure, making manual reconciliation slow, inconsistent, and error-prone. The result is that overcharges go undetected for months, sometimes years, simply because no one had the time or tools to catch them. The Bank Fees App was built specifically to solve this problem.
The most common issues the app identifies include:
- Charges that exceed your negotiated rates
- Services that were added to your account without your approval
- Duplicate billing across accounts or periods
- Volume-based fees that were calculated incorrectly
In most cases, these errors aren’t intentional on the bank’s part, but they add up quickly, and they rarely get corrected unless someone flags them.
It varies by organization and the number of banking relationships you manage, but companies that systematically review their bank fees typically find 10% to 30% savings in the first audit alone. The bigger factor is time. Automating the review process eliminates hours of manual work each month and redirects your team toward higher-value activity.
No, it strengthens it. The app gives you the data and confidence to have better conversations with your banking partners. When you walk into a renegotiation knowing exactly what you’re paying, how it compares to peers, and where the gaps are, you are in a position of strength. Many treasury teams find that better data improves their banking relationships rather than straining them.
Getting started is very straightforward. You upload your account analysis files, and the app begins reviewing immediately. There’s no long implementation cycle and no complex configuration required. Many teams see their first insights within the first session.