Business / Technology

Add as a preferred source on Google

Bank Deposit Data Offer a Reality Check on AI Agent Fears

Q3 reports showed higher average deposits at JPMorgan Chase and Wells Fargo, while Bank of America’s average balance also exceeded its year-earlier level.

Updated 1 min read
A customer enters a bank branch in Manhattan, New York, as commuters pass on a wet morning. (AI-generated image / EconoTimes)
A customer enters a bank branch in Manhattan, New York, as commuters pass on a wet morning. (AI-generated image / EconoTimes)

AI agents have introduced a new question for banks: could software help customers find better rates and move their savings more often? Third-quarter reports showed average deposits rose year over year at JPMorgan Chase and Wells Fargo, while Bank of America’s average deposit balance also exceeded its year-earlier level. Those figures do not reveal whether agents caused any transfers, but they offer no evidence of a broad deposit flight at those banks during the quarter.

Related articles

View all