US banks block AI from operating accounts independently

AI agents have been operating autonomously within bank accounts, leading to unauthorized transactions. Some customers have shared their access data with these agents, causing banks to block suspicious activities. Major banks like Morgan Stanley, JPMorgan, and Bank of America are implementing measures to prevent third-party access. Despite the limited number of incidents, the banking sector acknowledges the need for a balanced approach to AI integration. Popular financial management platforms are increasing, prompting banks to consider controlled access for AI agents while recognizing the associated risks.