Chase offers £100 investment boost for joining Nutmeg

Neobank launches its first integration with JP Morgan’s robo-investment platform.

After hinting and laying the groundwork for several months, UK neobank Chase yesterday revealed its first tie-up with Nutmeg, the robo-investment platform that JP Morgan also owns.

Customers signing up for a Nutmeg account via their Chase app and investing £1,000 before 5 April (and remaining invested until July) will receive a £100 investment boost to their pot.

Chase said this offer is just the start of it bringing the neobank and robo-investment platform closer together, with a more full integration coming soon, as for the time being customers are still required to also use Nutmeg’s app.

"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,” said Sanjiv Somani, UK CEO of Chase and Nutmeg.

“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." 

Chase repeated its intention to launch a “Chase credit card” yesterday along with “new savings options” for its customers.

Somani first teased these upcoming features when Chase reached 1 million UK customers in September 2022, just 12 months after its launch.