The CEOs of Canada's RBC and BMO are the latest bank chiefs to warn customers about the dangers of linking their accounts to AI agents.
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Speaking at the Toronto Global Forum, as reported by CBC, Bank of Montreal CEO Darryl White said that the ubiquity of e-commerce has made people comfortable with entering their personal information online.
But, when it comes to agents, he warned: ""Don't give your banking username and password. Don't give your credit card. Don't give your social insurance number. Don't give your PIN. These are not protected."
His comments came the day after RBC CEO Dave McKay told Bloomberg that the bank is considering blocking Meta's new Muse agent from accessing client account information.
"We’re not going to make a rash decision, but we have to balance the needs of a consumer with the privacy and safety of the system," he said.
The launch of Muse - which has been more than 10 million downloads since landing on app stores little over a month ago - has provoked a stream of banks to take action amid security concerns.
Last week, Jamie Dimon said that JPMorgan Chase is not going to allow outside agents to directly access accounts on behalf of retail customers.
Citi, Bank of America and Charles Schwab all quickly followed suit in confirming that they are placing restrictions on access.
In a statement, Citi says: "To help safeguard customer accounts and information, we do not permit third-party AI agents or assistants to log into a customer's account or transact directly within our digital banking platforms.
"Customers can, however, continue to authorise limited, read-only access to their account information with certain Citi-approved open banking providers."
BofA chief Brian Moynihan told CNBC: "We strongly believe there should be a human in the loop to authorise money moving out of your account."
CNBC says that banks have been in touch with Federal Reserve regulators about the growing use of AI agents for financial transactions, with officials privately backing moves to block agents from client accounts.