Citi bars third-party AI agents from logging into customer accounts or making transactions

The Financial Times reports Citi bars third-party AI agents from logging into customer accounts or transacting directly on its digital banking platforms. Customers can still authorize limited read-only access through certain open-banking providers. Bank of America has also restricted agent access, while JPMorgan says it will limit outside agents. Lenders worry agents could move idle deposits to higher-yielding accounts.