ChatGPT Can Now Connect to Your Financial Accounts—Experts Warn Against Sharing Too Much

OpenAI’s ChatGPT has introduced a new personal finance tool that lets U.S. ChatGPT Pro subscribers link their bank and credit card accounts through Plaid, a financial data network. The feature, rolling out in preview, enables users to analyze spending habits, track subscriptions, and plan financial goals using transaction data. OpenAI states the connections are read-only, with no ability to transfer funds or execute trades, and users can disconnect accounts or delete history at any time. The tool supports over 12,000 financial institutions and integrates with Plaid, which is already used by budgeting apps and fintech companies. ChatGPT will use the data to provide personalized financial insights, such as reviewing travel expenses or answering investment risk questions, based on user prompts. OpenAI emphasizes this is not a replacement for professional financial advice but a supplementary planning tool. Privacy experts warn users to avoid sharing highly sensitive information, such as passwords, Social Security numbers, or tax documents, with AI chatbots. Jennifer King, a privacy fellow at Stanford’s Institute for Human-Centered Artificial Intelligence, cautioned that data inputted into large language models could potentially become public. While linking accounts via Plaid may resemble traditional budgeting apps, conversational AI systems may encourage users to disclose more personal details than intended. Harsh Varshney, an AI security expert at Google, has previously highlighted risks associated with oversharing financial data with AI tools. Experts suggest distinguishing between using AI for general financial planning and uploading highly confidential records. The feature’s expansion to ChatGPT Plus subscribers is planned, though it currently remains limited to Pro users paying $100 monthly. OpenAI frames the update as a step toward more personalized financial guidance, though critics stress the importance of caution when integrating AI with sensitive financial data. Users retain control over data access, but privacy concerns remain a key consideration as AI tools become more integrated with everyday financial management.