Citi warns of the risk AI-driven deposit sweeping poses to banks' margins

FinanceInternationalEl ConfidencialOct 22, 2026, 10:00 PM40 s readAI summary

A Citi report on Spanish banking examines so-called deposit sweeping: user-created AI agents that move their liquidity across several accounts to maximize remuneration. According to Bank of Spain data at the end of August, households hold 1.104 trillion euros in current accounts and deposits and companies another 366.5 billion, with overnight deposits paying 0.16% to households and 0.52% to companies. Citi estimates an average position of 23,000 euros per customer.

In 40 seconds

Citi examines in a report on Spanish banking 'deposit sweeping': a customer's AI agent would move liquidity between accounts seeking better returns.
Spanish households hold 1.104 trillion euros in current accounts and deposits; companies, 366.5 billion, according to the Bank of Spain at the end of August.
Overnight deposits pay 0.16% to households and 0.52% to companies.

Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

banca
inteligencia artificial
depósitos
Citi
España

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Citi warns of the risk AI-driven deposit sweeping poses to banks' margins

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