Google lets Gemini chatbot connect to users' bank accounts

Technology company Google announced on November 13 that users of its Gemini AI chatbot can now connect it to their bank account data through an integration with Google Wallet, its digital wallet service. The company presents the feature as a way to get more tailored responses about personal finance. It is designed for spending analysis rather than for buying things.

Once an account is linked, users can put questions about their finances to the chatbot. In theory, this could help people save money by spotting unneeded subscriptions. Google gives the example of the chatbot identifying a price increase on a particular subscription. That kind of detail can also be found in a bank statement, but Google points to additional capabilities: Gemini can draft budgets for set time periods, with dynamic charts tracking cash flow, asset allocation and other measures. It can also reportedly help plan a holiday budget.

Security limits

Security is a central concern, since AI chatbots sometimes make mistakes. The new tool only allows Gemini to read account information, and it cannot "move, manage or invest" money. The feature is entirely opt-in and appears to be easy to switch on and off in settings. The integration is rolling out now on web and mobile.

Google says it has also partnered with fintech company Plaid to help users "unlock deeper insights", but it gave no specifics. Engadget has asked Google about the partnership.

Wider context

The announcement is the latest development involving AI chatbots and access to money. OpenAI recently introduced a feature that lets its Dots agents shop on a user's behalf, joining Meta Muse. This has already caused problems in some parts of the internet: United Airlines, Delta and Amazon have banned AI agents from shopping on their platforms.