Chase redesigns UK banking app with groundwork for Nutmeg account linking

JP Morgan’s UK banking arm Chase has overhauled its app with a whole new design that lays the groundwork for its push into the investment space.

The new app’s home screen is now between ‘Spend’, which is where the current account now lives, and ‘Save & Invest’, which at the moment is just Chase’s savings account and round-ups.

‘Save & Invest’ also has a tile dedicated to Nutmeg, the robo-investment platform that JP Morgan acquired in 2021, which explains:

“Investments from Nutmeg are coming soon! You’ll be able to sign up or link your existing Nutmeg account, and see your investment pots here. As with all investing, capital is at risk.”

In an email to customers, Chase also explained that the feature is “coming soon”, although no precise timeframe was given.

“You'll find that the way you navigate to your accounts and other important things has changed, and it should feel faster and more intuitive to use,” the email explained.

Sanjiv Somani, UK CEO of Chase and Nutmeg,has previously revealed that Nutmeg’s investment offering will soon be “fully integrate[d]” within Chase’s app.

Given the prominent placement of Nutmeg now within the Chase app, it’s likely that full integration is planned for early 2023.

In September 2022, on the one-year anniversary of Chase’s UK launch, Somani said: “This is just the beginning and, as we broaden our product offering and fully integrate the investment products offered by Nutmeg, we look forward to playing a wider role in the financial lives of our customers in the future and supporting the communities we serve.”

Nutmeg offers an extensive range of investment offerings, including ISAs (Junior, Lifetime, Stocks and shares), general investment accounts and pensions.