Top 10 Free AI Chatbots for Finance

AI is changing finance fast. In 2023, the financial services industry invested approximately $35 billion in AI, with banking leading the charge, accounting for about $21 billion.

Do you know that a survey conducted in 2024 revealed that 91% of financial services companies are either assessing AI or already using it in production? Over 60% of people now use AI for money advice. However, not all AI tools are free. Some cost a lot.

Many free AI chatbots can help with investing, budgeting, and stock market insights. They give quick answers, track trends, and even suggest smart moves.

Want to know the best ones? We’ve created a list that shares the top 10 free AI chatbots for finance. No need to pay for expert advice. These AI tools do the job, for free. 

Top 10 Free AI Chatbots for Finance 

1. ChatGPT by OpenAI

• Launch Year: 2022
• Users: Millions worldwide
• Features:
  • Answers finance-related questions
  • Provides explanations on financial concepts
  • Assists with budgeting tips

Example: A user asks about “compound interest,” and ChatGPT explains it in simple terms.

2. Bard by Google

• Launch Year: 2023
• Users: Integrated with Google services
• Features:
  • Fetches real-time financial data
  • Provides stock market updates
  • Answers questions about economic terms

Example: A user inquires about the “current inflation rate,” and Bard provides the latest statistics.

3. Bing AI by Microsoft

• Launch Year: 2023
• Users: Integrated with Microsoft services
• Features:
  • Delivers financial news summaries
  • Offers investment insights
  • Assists with financial planning queries

Example: A user asks for “tips on saving for retirement,” and Bing AI provides practical advice.

4. Meyka

• Launch Year: 2023
• Users: Investors seeking real-time stock information
• Features:
  • Provide real-time stock market data
  • Offers detailed Company Profiles
  • Analyze Market Trends
  • Personal email updates for performing stocks.

Example: A user wants to compare the earnings reports of two companies, and Meyka provides a detailed stock analysis.

5. Ernie Bot by Baidu

• Launch Year: 2023
• Users: Available to Baidu users
• Features:
  • Offers financial market analysis
  • Provides economic forecasts
  • Answers questions about financial trends

Example: A user asks about “China’s GDP growth,” and Ernie Bot provides the latest data.

6. FinChat

• Launch Year: 2024
• Users: Finance enthusiasts and professionals
• Features:
  • Delivers real-time stock market news
  • Analyzes earnings reports
  • Provides financial data insights

Example: A user wants an analysis of a company’s quarterly earnings, and FinChat summarizes the key points.

7. Wallet AI

• Launch Year: 2023
• Users: Individuals seeking personal finance management
• Features:
  • Monitors daily expenses
  • Suggests ways to save money
  • Helps plan monthly budgets

Example: Wallet AI notices frequent coffee purchases and suggests brewing at home to save money.

8. MyEva

• Launch Year: 2022
• Users: Individuals planning for retirement
• Features:
  • Assists with retirement planning
  • Provides personalized financial plans
  • Offers advice on pensions and savings

Example: MyEva helps a user calculate how much to save monthly to reach their retirement goals.

9. AlphaSense AI

• Launch Year: 2023
• Users: Investors and financial analysts
• Features:
  • Conducts financial market research
  • Analyzes market trends
  • Provides insights from company reports

Example: An investor uses AlphaSense AI to get a summary of a company’s financial health before investing.

10. Plum AI

• Launch Year: 2017
• Users: Individuals new to investing
• Features:
  • Automates savings
  • Offers investment suggestions
  • Provides spending insights

Example: Plum AI automatically sets aside small amounts from a user’s income into a savings account.

These AI chatbots are designed to assist with more accessible and efficient money management.

How to Choose the Right AI Chatbot for Finance?

• Selection of the right AI chatbot for finance depends on your needs.
• Identify tasks like answering questions, tracking expenses, or giving advice.
•  Ensure it integrates with your financial tools and prioritizes security with encryption and compliance. 
• Pick one with an easy-to-use interface, clear instructions, and fast responses. 
• Customization options help tailor the chatbot to your needs. 
• Look for chatbots with analytics to track performance and customer support for troubleshooting. 

Financial advisors say AI chatbots automate tasks, letting them focus on personalized services. A well-chosen chatbot can improve financial management and client interactions.

Conclusion 

Free AI chatbots make financial management easier. They help track spending, check stock prices, and answer money questions quickly. Many people use them to save time and avoid mistakes. The best part? They don’t cost anything. If we want to manage money better, try a chatbot. Pick one that fits our needs and gives clear answers. AI is changing finance, and these tools can help us stay focused.

Frequently Asked Questions (FAQs)

Disclaimer

Remember, this analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making any investment decisions.