Apple is building a spending tracker directly into the iPhone’s Wallet app, a feature called Insights that surfaced in the second developer beta of iOS 27 released Monday.
The tool would let users connect bank accounts and credit cards from multiple financial institutions to view balances, categorized transactions, and recurring charges all in one place, without downloading a separate app.
According to the splash screen shown during setup, an Apple wholly owned subsidiary handles the connection to financial institutions, fetches account data, and categorizes it before displaying the information on the device.
Apple states that account information is not stored, a detail that separates this approach from many third-party budgeting apps that retain financial data on external servers.
What This Replaces
For years, iPhone users who wanted a unified view of their finances had to rely on apps like Mint, YNAB, or Copilot.
Mint shut down in 2024, leaving millions of users without a free option. Copilot costs $8.99 per month.
If Insights launches as described, Apple would offer comparable functionality at no additional charge to anyone already running iOS 27.
Apple made a similar attempt with a feature called Connected Cards, introduced in iOS 17.1, which allowed card issuers to surface transaction data inside Wallet.
The program never gained traction in the United States. Discover was among the only major U.S. issuers to implement it, and that bank removed support in early June 2026. A handful of UK banks still use the Connected Cards integration.
Why Insights Could Work Where Connected Cards Did Not
Connected Cards required individual banks to build and maintain their own integration with Apple’s Wallet, which few bothered to do.
Insights appears to take a different route, using a data aggregation model similar to the one that powers apps like Copilot and Monarch Money, in which Apple’s subsidiary connects directly to financial institutions on behalf of users rather than waiting for banks to opt in.
That structural difference could allow Insights to work across a much broader range of accounts from launch.
The feature is not functional yet. Tapping the Continue button on the Insights setup screen opens the standard Add to Wallet interface, with no new account options visible.
Apple typically uses early betas to surface features under development before they become usable in later builds ahead of a fall release.
Insights is accessible via the three-dot menu in the upper-right corner of the Wallet app.
Apple Card users already see detailed transaction breakdowns for that card, but Wallet has offered no comparable view for Chase, Bank of America, Wells Fargo, or most other institutions the majority of iPhone users actually bank with. Insights is the first sign Apple is moving to close that gap.
