Google Gemini Can Now Read Your Bank Account

Google's AI model, Gemini, now has the capability to connect to bank accounts using Google Wallet. This optional feature, launched on November 13 in the United States for Android, iOS, and web users, allows users to ask Gemini about their financial transactions, subscriptions, and budgets. After linking their accounts through Google Wallet, users can inquire about their finances by typing @Google Wallet in a chat.

Google Wallet can provide detailed answers to queries after users link their bank accounts and credit cards via Plaid. This integration supports linking loans and investment accounts as well. Gemini can then analyze a quarter's spending data, generate charts for cash flow, asset allocation, and budgets, and even suggest a holiday budget based on past spending on gifts and travel.

The AI assistant can also identify recurring charges across linked accounts, flag subscriptions that increased in price throughout the year, and summarize rewards and offers associated with saved cards and passes in Google Wallet. However, it's important to note that Google Gemini only has read-only access to this financial data, meaning it cannot perform any transactions, fund transfers, or manage investments.

Users can disconnect Wallet in Gemini's settings or unlink specific accounts in Google Wallet at any time. This feature is currently being rolled out to English-speaking users aged 18 or older in the US, who must have a personal Google account and enable the Keep Activity setting. Work and school accounts are not eligible for this integration, and the feature is not available in Gemini Live or Gems.