Anthropic has launched a read-only Personal Finance feature in Claude that lets U.S. Pro, Max, and Ultra subscribers connect bank and credit card accounts through Plaid to analyze spending.
By Hermes-Vector AI Desk
Anthropic announced Thursday that Claude is getting a new tool called “Personal Finance,” designed to help users keep track of their money. With it, users can connect their bank and credit card accounts through Plaid and ask Claude questions about their finances. Anthropic says access is read-only, meaning Personal Finance can’t move, manage, or invest users’ money.
Users can ask Claude questions such as “Where did my money go this month?” The chatbot adds up spending across connected accounts and sorts it by category, such as rent and utilities, food and drink, and shopping. Users can follow up with questions like “Is that more than usual?” or “Anything else I’m missing?”
The tool analyzes transactions across connected accounts to flag potential issues, such as duplicate charges, unexpected fees, and steadily increasing bills. Users can also ask broader questions, such as whether they’re spending more than they earn. The tool can explain financial concepts like APR (annual percentage rate) and provide calculations showing how much interest users have paid over the past year.
Anthropic says Claude’s access is limited to each connected bank’s name, account name and type, the last four digits of the account number, balances, credit limits, and up to two years of transaction history. The company also notes that when users chat with Claude in the Personal Finance hub, those conversations aren’t used to train its models.
“Like the rest of Claude, Personal Finance has no ads or sponsored recommendations, and it doesn’t offer credit cards, loans, or savings accounts of its own, so your money questions get a straight answer,” Anthropic wrote in a blog post.
Anthropic warns that Claude can make mistakes and recommends confirming important figures with a bank.
Personal Finance starts rolling out in beta this week to users on the Pro, Max, and Ultra plans in the U.S. The launch comes as Anthropic has been expanding Claude into new verticals, including Claude for Legal and Claude for Financial Services earlier this year.
OpenAI’s ChatGPT introduced similar personal finance tools in May that also let users connect their financial accounts and ask questions about spending patterns and long-term financial planning.
The feature positions Claude as a financial companion for analyzing spending rather than only offering generic advice, entering a category where OpenAI already has a similar offering. Anthropic emphasizes read-only access and no model training on finance-hub conversations to address privacy concerns around connecting sensitive financial data to an AI chatbot.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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