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OpenAI’s ChatGPT has wormed its way into more and more parts of consumers’ lives, from work to their children’s education, and even mental health and romantic relationships. Now, the AI chatbot is turning its attention toward users’ finances.
Consumers can now connect their bank accounts to the chatbot using Plaid technology to get more granular details about where their money is going—for example, how much they are spending on food, entertainment, transport, or utilities, as well as what upcoming payments are looming. It can also break down easily overlooked recurring expenses, such as subscriptions.
According to the announcement, ChatGPT can now provide more forward-looking, financial adviser-style guidance. Users can enter prompts like “How can I afford a house in Chicago?” to get a breakdown based on their cash on hand and monthly income.
OpenAI says it will support more than 12,000 financial institutions. Those shown in a video demo include American Express, Bank of America, Charles Schwab, Fidelity, Etrade, and Robinhood.
ChatGPT financial advice will cost you, however. The tool is rolling out now for $200-per-month Pro users in the US on the web and iOS. OpenAI says it eventually plans to roll the tool out to Plus users after it gets a chance to “learn and improve” from early use.
Though this is the first time OpenAI has launched a banking-specific integration, the company claims that more than 200 million people a month already query ChatGPT about topics like budgeting, investing, and planning for future financial goals.
If you’re interested in giving the tool a go, open Finances from the sidebar in ChatGPT and select Get Started. Alternatively, users can reportedly start a conversation in ChatGPT by typing “@Finances, connect my accounts.” Users will then need to connect their bank accounts through Plaid. ChatGPT will then begin syncing and categorizing data, which may take a few minutes. OpenAI also says it plans to roll out an integration with Intuit in the near future.
The new feature comes after OpenAI reportedly acquired Hiro Finance in April this year, a startup that billed itself as an “AI personal CFO.” OpenAI absorbed its entire team in the process.
(Credit: OpenAI)Relying on ChatGPT as a personal financial adviser may still have some drawbacks. Last month, The Guardian published an investigation in which ChatGPT’s financial advice was compared with that of experienced and certified financial advisers. While the experts found much of the chatbot’s output to be broadly accurate, they also pointed to notable omissions and a lack of specific recommendations that a real professional might be able to provide.
“ChatGPT can help you stay informed and feel more confident managing your finances, but it is not a replacement for professional financial advice,” said an OpenAI spokesperson.
Disclosure: Ziff Davis, PCMag's parent company, filed a lawsuit against OpenAI in April 2025, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.