Chase UK announces first significant step in integration of Nutmeg investments, with account linking and investment sign-up available in the Chase app.
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Over the coming weeks, customers of both Chase and Nutmeg will be able to link their accounts and view their Nutmeg investment pots alongside their current account and Chase saver accounts within the Chase app. The development will provide customers with a holistic view of their everyday banking, cash savings and stocks and shares ISAs, Lifetime ISAs, Junior ISAs, pensions and general investment accounts.
Chase customers who are not yet investing with Nutmeg will have the opportunity to benefit from a £100 investment boost when they sign-up through their Chase app and invest £1,000 with Nutmeg before 5th April 2023 and remain invested until 30th June 2023, terms and conditions apply. Customers need to:
• Log in to the Chase app and go to the 'Save & Invest' tab, then scroll down to 'Investments' and tap 'Take a look'
• Choose 'I'm new to Nutmeg' and follow the on-screen steps to 'Get started'
• Confirm or edit their details, before reading and accepting the T&Cs
• When prompted, install or open the Nutmeg app, create and contribute at least £1,000 to an account.
Bringing Chase and Nutmeg together in one place gives customers greater control, transparency and oversight of their finances, while also providing Chase's one million banking customers with easy access to award-winning investment products and financial planning services.
Sanjiv Somani, U.K. CEO of Chase and Nutmeg, commented: "We set out to offer customers a more rewarding banking experience, with good value products and services that meet their needs. We know investing is of interest to many Chase customers and Nutmeg has spent a decade democratising wealth management and making investing more accessible to more people. Providing our customers with a single view of their wealth - be it their everyday spending, cash savings or their long-term investments - helps them to better understand their own financial position at a time when it has arguably never been more critical."
In 2021, JP Morgan Chase announced its acquisition of the UK's largest digital wealth manager, Nutmeg, to complement digital bank Chase, and to form a key pillar of its retail banking and wealth management offering outside the U.S. Over time, Chase intends to introduce a broad range of products for U.K. customers that meet their financial needs. This will include fully integrating Nutmeg investments within the Chase app, and adding features and enhancements to the Chase current account, new savings options for customers, and lending products such as a Chase credit card.
