OpenAI previews ChatGPT personal finance tools with bank links

In short: OpenAI is previewing new personal finance features in ChatGPT that let some users connect bank and investment accounts and ask money questions.

What happened

OpenAI launched a preview of personal finance tools for ChatGPT Pro subscribers in the U.S. The tools are available on the web and on iOS.

Users can connect accounts through Plaid, a service that acts like a secure bridge between apps and banks. OpenAI says this supports connections to more than 12,000 financial institutions, including Chase, Capital One, American Express, Schwab, Fidelity, Robinhood, and others.

After connecting accounts, users get a dashboard that summarizes portfolio performance, spending, subscriptions, and upcoming payments. They can also ask ChatGPT questions like, “I feel like I’ve been spending more recently. Has anything changed?” or “Help me build a plan to be ready to buy a house in my area in the next 5 years.”

OpenAI said users can remove connections in Settings under Apps and Finances. After disconnecting, synced data will be removed from ChatGPT within 30 days. Users can also view and delete “financial memories” from the Finances page.

OpenAI said it plans to support Intuit soon, which could enable tax-related analysis, like how a stock sale might affect taxes.

Why it matters

Many people already ask ChatGPT for help understanding money, but those questions usually lack the full picture. Connecting real accounts could make answers more specific, like having a budgeting app that you can talk to, but it also raises privacy and security questions because more sensitive data is involved.

Source: TechCrunch AI