A user can ask, for example, "where did my money go this month," and Claude totals spending across connected accounts and sorts it into categories such as rent and utilities, food and shopping. Anthropic says the tool also flags duplicate charges, unexpected fees and steadily rising bills, and answers questions such as which bills are left before the next payday and whether a big purchase is affordable.
Claude cannot move, manage or invest money, and the company says it "isn't designed to give investment advice." It sees the 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. Banking passwords are not passed to it, because the connection runs through Plaid, and conversations in the Personal Finance hub are not used to train its models.
OpenAI launched a similar tool for ChatGPT in May, also through Plaid. Earlier this year Anthropic launched Claude for Legal and Claude for Financial Services.
