Copilot Money made its AI Money Assistant and its MCP connector available to every user on October 27, 2026, after a beta that started in April. The assistant runs inside the iPhone app for now and proposes edits to transactions and budgets that the user approves, while the MCP lets Claude, ChatGPT, Codex and Cursor read a Copilot Money account without being able to change it.

The company said in its October 27 Dispatch post that “both features are available to everyone.” The assistant was first announced as a waitlist beta on April 16, 2026, and the MCP opened as a read-only beta on May 15, according to Copilot’s Dispatch changelog.

What the Money Assistant does

Copilot describes the assistant as “an AI agent built directly into Copilot Money” that works in the background to “tidy up your transactions, notice when your spending changes, and line up suggestions on your Dashboard for you to approve.” According to the Money Assistant overview in Copilot’s help center, that work shows up in three places:

  • Daily Briefing: a rundown of category fixes, matched refunds and flagged charges on the Dashboard, which can be reviewed one by one or cleared with Dismiss/Approve All.
  • Suggestions: proposed changes to budgets and categories, shown on the Dashboard or inside a transaction or budget.
  • Chat: questions about spending, income or goals, with charts on request. From the chat it can edit, move, exclude or delete categories, transactions, budgets, rules and Recurrings, and it can follow a standing instruction such as “Tag all my transactions next week with Rome” until told to stop.

Onboarding was also rebuilt around the assistant, so new users get “a starting budget the moment they connect their accounts,” according to the Dispatch post.

Approval, settings and data use

The assistant does not change records on its own. Copilot’s Money Assistant Settings page answers “Will the Money Assistant change my transactions without asking?” with “No. The Money Assistant always checks with you before making changes.”

Everything is controlled from Settings > Features > Money Assistant. A main toggle switches all assistant features off, and two features can be turned off separately: Transaction Fixes, which “catches wrong categories and mismatched dates,” and Proactive Suggestions, which looks for things “like idle cash or budget shifts.” When the assistant is off, it “stops analyzing your accounts and transactions,” though “previous shared data is kept in accordance with our privacy policy,” and old chats come back if it is switched on again.

On training, the help center says: “we never train on your data, and we require the same from our AI providers.” It also says the assistant “offers suggestions and information, not professional financial, tax, or investment advice.” Questions about retirement timing, taxes or debt strategy that carry real consequences are still worth taking to a licensed professional.

What the MCP connector can see

MCP (Model Context Protocol) is a standard way for an AI chatbot to reach data in another app. Copilot’s setup guide says the connector signs in with OAuth, so the user’s Copilot password is never handed to the AI tool, and that access is read-only: the AI tool “cannot move money, modify your accounts, or write any data on your behalf.”

Read-only does not mean limited. The same page says the connected tool “will be able to view and reference all data as it appears in Copilot Money,” including accounts, investments, transactions, categories, budgets, Recurrings, tags and goals. Supported tools are Claude, ChatGPT, Cursor and Codex CLI. Once that data reaches a chatbot, the chatbot’s own terms apply, and Copilot recommends reviewing them and “periodically reviewing which AI tools have access” and disconnecting unused ones. Its MCP page notes that “Claude and ChatGPT both let you opt out of model training,” which is a setting each user has to change in the chatbot, not in Copilot.

Who gets it and what it costs

The assistant is iPhone-only at launch. The help center says it is “Currently on iOS only,” and the Dispatch post says “More platforms are coming next.” Existing users turn it on by updating the iPhone app and enabling it from the Dashboard.

There is no separate charge. Copilot’s pricing page lists “No tiers, no add-ons, no AI credits” and “Your money assistant included.” The yearly plan is shown as $9 per month, “$109 billed yearly, instead of $119,” marked as a limited-time offer.

What this changes for users

For people already paying for Copilot Money, the main change is that categorization fixes and budget changes can now come to them as proposals instead of manual work, with an approval step in front of each one. For people who prefer to ask a general chatbot about their money, the MCP is a way to do that without uploading statements, as long as they are comfortable letting that chatbot read their full Copilot history. Android users are not covered: the pricing page lists the platforms as “iPhone, iPad, Mac, and Web.”

How we checked this

This item is based on Copilot Money’s own October 27, 2026 Dispatch post, its help center articles on the Money Assistant and the MCP, and its pricing and MCP pages. Each quoted phrase is taken from those pages. Facts checked on October 28, 2026.