PYMNTSBanking

AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits

By PYMNTS

Photo for: AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits

Source excerpt · PYMNTS

JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends to stay put because moving it takes time. Artificial intelligence (AI) agents could remove that friction. Meta’s Muse and similar AI assistants could soon move household cash from checking accounts […] The post AI Agents Wake Up $1.6 Trillion in…