Claude gets a personal finance tool

Anthropic launches Personal Finance

Anthropic announced Thursday that Claude is getting a new tool called Personal Finance, designed to help users keep track of their money by connecting bank and credit card accounts.

How it works

Users connect their bank and credit card accounts through Plaid and ask Claude questions about their finances. Anthropic says access is read-only, meaning Personal Finance cannot move, manage, or invest users' money.

What Claude can analyze

Claude can add up spending across connected accounts and sort it by category such as rent and utilities, food and drink, and shopping. It can flag duplicate charges, unexpected fees, and steadily increasing bills.

Financial explanations included

The tool can explain financial concepts like APR, annual percentage rate, while providing calculations showing users how much they have paid in interest over the past year.

Privacy and data limits

Anthropic says Claude's access is limited to each connected 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.

No training on conversations

When users chat with Claude in the Personal Finance hub, those conversations are not used to train its models. The tool also has no ads or sponsored recommendations.

“Claude gives you answers in everyday language, from your balances and transactions, and explains any term that's new to you.”

Rollout begins this week

Personal Finance starts rolling out in beta this week to users on the Pro, Max, and Ultra plans in the U.S., following ChatGPT's similar launch in May.