The Hidden Risks in Anthropic’s New ‘Claude Money’ Feature

Claude could soon have access to your bank accounts, investment details, and other financial information. According to reports, Anthropic is working on a new “Claude Money” feature that could let you connect your financial accounts to Claude and analyze your finances in real time.^[1]

As useful as it might sound, giving an AI chatbot access to this kind of information involves significant privacy and security concerns. With your AI conversations already containing a massive amount of personal data, adding highly sensitive financial information could further increase the amount of personal data at risk in a security breach.

In the wrong hands, your bank details could directly contribute to account hacks or financial fraud, while your spending patterns, current financial status, upcoming expenses, and financial plans could give attackers the context they need to launch convincing phishing attacks or attempt identity theft.

Thanks for subscribing!

Please check your email for your first message.

Never miss the privacy news that affects you.

Join thousands who get the latest security news, scams, and policy changes every week, right to their inbox.

Sign me up

By submitting this form you agree to receive emails from All About Cookies and to the privacy policy and terms.

Claude Money wants access to your financial life

According to a post by AI News Testing Catalog on X, Anthropic is preparing Claude Money — a new personal finance feature — for the Claude app on iOS. The feature has appeared as a new Money section alongside Chats, Code, Artifacts, Dispatch, and Cowork.

AI News | TestingCatalog on X

The screenshots show a page that reads, “Understand your money with Claude.” It also says, “Link your bank accounts and ask Claude about spending, plans, and more,” with a “Get started” button for connecting an account. The feature isn't widely available yet.

Something similar already exists called ChatGPT Finances. OpenAI's feature lets you connect bank accounts, credit cards, brokerages, and other financial accounts through Plaid. Once connected, ChatGPT can use that information to answer questions about your spending, bills, subscriptions, savings, net worth, investments, and more.

Claude Money appears to be following a similar approach, although we don't know many details yet. It's unclear which banks or financial institutions it will support, how accounts will be connected, or whether the feature will be limited to the US or certain states.

The privacy risks of giving AI access to your finances

Your bank transactions can reveal a lot about your personal life, including potential health conditions through pharmacy or clinic payments, religious affiliations through donations, and relationship status through recurring payments to a certain person. They can also reveal your income, spending habits, debts, subscriptions, investments, and other financial details.

Feeding this level of information into a persistent AI that could continuously update its understanding of your finances increases the risk of turning your entire life into a highly detailed, searchable profile.

AI can already assemble revealing profiles from scattered public information. CivAI demonstrated a tool that builds personal dossiers from details such as a name, email address, phone number, or profile URL.

Transaction data would add something those public records usually lack: a timely picture of how you actually live and spend.

There's also the question of AI training. Anthropic says chats from consumer Claude accounts may be used to improve its models when users enable that setting, although raw connector content is currently excluded. The company has not explained how it would classify or handle linked financial data.

Also, Anthropic and OpenAI cannot connect directly to your bank accounts themselves. Financial integrations rely on third-party aggregators such as Plaid, creating another link in the chain and another potential point of exposure.

Many users have reacted negatively to the prospect of connecting their finances to Claude. One X user wrote: “I would prefer to use a local model for anything like that.” Another user took a more sarcastic view: “Let AI Take your money while it is planning to kill you!” A third X user questioned who would be held accountable if Claude made an unauthorized financial decision: “If Claude itself spends my money where it shouldn't, who will be held responsible?”

Think before you link

Although we don't have official confirmation or many details about how Claude Money will work yet, the feature will allegedly let users connect their bank accounts and ask Claude to analyze their spending, financial plans, and other financial information.

Whether you want to use it or not, you should be cautious. Giving AI access to your finances could put your sensitive data at risk and make you more vulnerable to fraud, phishing, and identity theft.

If you need AI-backed financial analysis, you could upload specific statements or CSV files to an AI model instead of connecting your financial accounts directly. That would give you more control over exactly what information you share. You can also consider using an identity theft protection service to help limit the misuse of your personal data.

Author Details

Krishi Chowdhary

About the Author

Krishi Chowdhary specializes in digital privacy, cybersecurity, and consumer technology. He has written extensively on online privacy tools and broader cybersecurity topics, including online scams, data breaches, age verification, and emerging digital threats. Krishi believes technology reporting should empower readers, not confuse them, and is committed to making even the most technical subjects easy to understand without compromising on accuracy or depth. His work has appeared in leading technology publications, including CNET, ExpressVPN, and TechRadar, where he has covered topics ranging from cybersecurity incidents and privacy product announcements to artificial intelligence and major technology news