ChatGPT Releases Financial Feature: Bank Accounts Can Now Be Linked for Financial Consultation
Managing personal finances is often a confusing challenge for many. Recognising this, OpenAI has recently launched a revolutionary feature that allows ChatGPT to act as your virtual financial advisor. With this new capability, users can now directly connect their bank accounts to ChatGPT to obtain personalised insights and more accurate financial advice.
Currently available in a preview stage for ChatGPT Pro subscribers in the United States, this marks a significant step for OpenAI in delivering more contextual AI. According to internal data, over 200 million people use ChatGPT every month to consult on budgeting and finances. Direct integration with real banking data is expected to provide solutions that are far more relevant than mere general advice.
To ensure connection security, OpenAI is collaborating with Plaid, a financial security platform widely used by various global banking and budgeting applications. OpenAI also confirmed that support for Intuit will follow in the near future.
Once users connect their accounts, ChatGPT will automatically synchronise and categorise the data. Key aspects of the ChatGPT Finance feature include:
Availability: Preview for ChatGPT Pro (US region).
Security Partners: Plaid (currently), Intuit (coming soon).
Access Method: Via the “Finances” sidebar or the “@Finances” command.
Data Control: Options to disconnect and delete financial memory at any time.
OpenAI’s vision extends beyond simple record-keeping. In the future, through collaboration with Intuit, ChatGPT is projected to be able to provide credit card recommendations based on approval odds, estimates of the tax impact from stock sales, and even schedule sessions with local tax experts directly from within the application.
For Pro users wishing to try the feature, it can be accessed through the “Finances” menu in the sidebar or by typing the command “@Finances, connect my accounts” in the chat box. OpenAI emphasises that users maintain full control over their information, including the ability to delete financial memory at any time.