- Connection
- PSD2 open banking
- AI
- Built into the data layer
- Scope
- Cash + invest + crypto
Switch to Bank AI when
You're a UK or EU investor with brokerage accounts, an ISA, a SIPP, a PEA, an assurance-vie wrapper or crypto holdings, and you want an AI assistant that understands those - not just spend categories. Bank AI is built for European wealth, not US credit-builder products.
Stay with Cleo when
You're in the United States, you want a playful chat-led spend coach, or you specifically value Cleo's credit-builder loan and cash-advance products. Those are US-specific features and Bank AI does not replicate them.
| Feature | Bank AI | Cleo |
|---|---|---|
| Primary audience | UK and EU investors with multi-broker, multi-wrapper portfolios. | US-led mass-market, with strong UK heritage. Spend-coaching and short-term liquidity. |
| Connection method | PSD2-licensed open banking via Powens. Read-only. | Open banking via aggregator partners (Plaid in US, similar in UK). |
| AI assistant | Built in. Answers questions about portfolio, exposure, FX, fees, dividends, ISA / SIPP / PEA / assurance-vie wrappers. | Class-leading chat persona; spend-categorisation lens. |
| Investment accounts | First-class. Connects to 60+ UK and EU brokers; surfaces ISA, SIPP, GIA, PEA, assurance-vie, Depot, PIR, cuenta de valores correctly. | Investment surface is not the focus; Cleo's anchor is current-account behaviour. |
| Crypto | Crypto exchanges (Binance, Bitpanda, Coinbase, Kraken, Crypto.com) included. | Not in scope. |
| Cash advances / credit builder | Not in product. Bank AI is a money viewer, not a lender. | Available in the US (Cleo Builder credit-builder loan, cash advance). Regulatory framework is US-specific. |
| Geographic focus | United Kingdom and EU/EEA - 13 markets. | United States and United Kingdom. |
| Custody | Read-only. Bank AI never holds cash, securities or crypto. | Cleo Plus / Cleo Builder involve money-product partnerships in the US. |
| Pricing | Free during waitlist / pre-launch (2026). Paid tiers to be published before general release. | Free tier; Cleo Plus around USD 5.99 / month, Cleo Builder around USD 14.99 / month (per Cleo's public US pricing). |
An AI that understands ISAs, SIPPs and PEAs
Bank AI's AI knows the difference between a Stocks & Shares ISA, a SIPP, a PEA and an assurance-vie wrapper. It can answer 'how much room do I have left in my ISA' or 'where is my PEA gain coming from'.
Brokers, not just bank accounts
Cleo's anchor is current-account behaviour. Bank AI connects to 60+ UK and EU brokers as first-class citizens.
EU-native, not US-led
Coverage, regulation and editorial voice are aimed at the European wealth picture. Cleo is a US-first product with UK roots.
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How Bank AI compares to Emma: investments, pensions and crypto first-class - not a spend dashboard with a side panel.
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Plum alternative
How Bank AI compares to Plum: a read-only view across the brokers and banks you already use - not another platform that holds your money.
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Snoop alternative
How Bank AI compares to Snoop: cash, investments, pensions and crypto in one view - not a UK-only bills dashboard.
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Moneyhub alternative
How Bank AI compares to Moneyhub: same PSD2 open-banking foundation, wider EU coverage, crypto in scope, and a built-in AI assistant.
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Finanzguru alternative
How Bank AI compares to Finanzguru: multi-Depot, multi-broker, multi-crypto-exchange aggregation with an AI assistant - pan-EU, not just Germany.
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Bankin' alternative
How Bank AI compares to Bankin': PEA, assurance-vie, PER, brokers and crypto in one daily-refreshed view, with an AI assistant on top.
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Parqet alternative
How Bank AI compares to Parqet: PSD2 open banking instead of CSV imports, cash + Depots + crypto in one view, with an AI assistant on top.
→ - Use case
Portfolio tracker
Live positions, dividends and allocation across every broker and wrapper.
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Is Bank AI a Cleo clone?
No. Cleo is a chat-led spend coach with US credit-builder and cash-advance products. Bank AI is an AI-native net-worth view for UK and EU investors that connects bank accounts, brokers, ISAs, SIPPs, PEAs, assurance-vie wrappers and crypto exchanges through PSD2-licensed open banking. The AI is in service of investments, not just spend.
Does Bank AI offer cash advances or a credit-builder loan?
No, by design. Bank AI is a read-only money viewer; it is not a lender. Cleo's cash-advance and credit-builder products are US-specific and operate in a regulatory framework Bank AI does not enter.
Is Bank AI available in the US?
Today, no. Coverage is the United Kingdom and the European Economic Area. If you live in the US, Cleo or a domestic equivalent is the better fit.
Can Bank AI's AI answer the same kind of questions as Cleo's?
Bank AI's AI is aimed at portfolio and net-worth questions: 'how much am I paying in fund fees', 'where am I overexposed', 'how much ISA room do I have left', 'show me dividend cash hitting next month'. Cleo's strength is spend coaching and category-level prompts. Different jobs, both legitimate.
Is Bank AI free?
Yes, during the 2026 pre-launch waitlist. Pricing for paid tiers will be published before general release. Cleo's tiers run around USD 5.99 to USD 14.99 per month per its public US pricing.
How safe is the AI with my data?
Bank AI never sees your bank credentials - PSD2 strong customer authentication is handled at the bank. Account data is read-only via licensed AISP partners and consent expires per PSD2 rules. AI prompts run against your aggregated balances and positions, not raw login data.
Join the waitlist