Consumers like Millennials are becoming increasingly more comfortable with handling their own finances, which is seeing new solutions like 'MyHiddenFees' come about. The app works by analyzing your banking account to see just how much money you're spending each month on banking fees that could potentially be avoided with another institution. This helps consumers to see where they are losing money to make a change rather than simply spending needlessly on services that could be available for less elsewhere.
The 'MyHiddenFees' app works seamlessly by simply having your bank account connected and analyzing it before providing an easy to understand meter that will rate your spending. This could help users to curb their spending, make the decision to switch banks or seek out better rates from their provider.