Nutmeg “Win £20,000” Prize Draw (“Draw”) Terms and Conditions
1. By entering this Draw, you are agreeing to these Promotional Offer Terms and Conditions (“Promotional Offer T&Cs”).
The promoter
2. The promoter of this Draw is Nutmeg Saving & Investment Limited trading as Nutmeg of 25 Bank Street, Canary Wharf, London, E14 5JP, United Kingdom (“Nutmeg”).
3. Chase is J.P. Morgan Europe Limited trading as Chase of 25 Bank Street, Canary Wharf, London, E14 5JP, United Kingdom (“Chase”). Nutmeg and J.P. Morgan Europe Limited are J.P. Morgan companies.
4. Chase is promoting the Draw to its customers and supports with the administration of the Draw. Investments are provided by Nutmeg and are not guaranteed by Chase.
How to enter & who can enter?
5. The Draw is open to existing customers of Chase who:
a. Have an open and working Chase Current Account;
b. Are existing Nutmeg customers that have opened an account with Nutmeg before 26th May 2025 and meet the eligibility requirements in Sections 1.1 and 1.2 of the Nutmeg Standard T&Cs https://www.nutmeg.com/legal/terms-and-conditions-december-2024 (including not being a US Person, as defined in those T&Cs); or
c. Have not invested with, or used the services of Nutmeg before, and meet the eligibility requirements in Sections 1.1 and 1.2 of the Nutmeg Standard T&Cs https://www.nutmeg.com/legal/terms-and-conditions-december-2024 at the date of opening a Nutmeg account (including not being a US Person, as defined in those T&Cs).
The Draw opens at 00:00 BST on 26th May 2025 and closes at 23:59 GMT on 4th July 2025 (the latter being the “Entry Close Date”).
6. Between 26th May 2025 and 4th July 2025 (“Entry Period”) you will need to:
a) visit the Rewards section within the Chase app and follow the instructions to opt into the Draw, and then either;
b) if you are an existing Nutmeg customer, contribute at least £1,000 (“Minimum Draw Contribution Amount”) to an Individual Savings Account (“ISA”) and/or General Investment Account (“GIA”) via the Chase app or the Nutmeg app or dashboard (this can be through one or multiple contributions across one or more ISA or GIA investment pot(s) during the Entry Period but excludes Lifetime ISAs and Junior ISAs and is subject to Section 9. If you don’t already have a GIA or ISA you will need to open this); or,
c) if you are a new Nutmeg customer, open a new ISA and/or GIA and contribute at least the Minimum Draw Contribution Amount (this can be through one or multiple contributions across one or more ISA or GIA investment pot(s) during the Entry Period but excludes Lifetime ISAs and Junior ISAs and is subject to Section 9); and;
d) keep the Minimum Draw Contribution Amount invested for at least 6 months from the Entry Close Date, until at least 23:59 on 4th January 2026 (“Investment Period”).
In other words, the total balance in your ISA and/or GIA should remain at least £1,000 at the end of the Investment Period (customers who withdraw from, transfer out of, or close their account such that, at the end of the Investment Period, they do not meet the Minimum Draw Contribution Amount, will no longer be deemed eligible for the Draw). The determination of whether you have met the Minimum Draw Contribution Amount does count returns, but does not take into account any losses, made on the investments within your investment pot(s)). This means that if you would meet the Minimum Draw Contribution Amount were it not for market losses on your investments, you will still remain eligible for the Draw;
a) to d) being the “Draw Requirements”. For clarity, if you are a new customer your Minimum Draw Contribution will fulfil the minimum investment amount specified in Section 1.1 of the Nutmeg Standard T&Cs https://www.nutmeg.com/legal/terms-and-conditions-december-2024.
7. You will receive one entry into the Draw for meeting the Minimum Draw Contribution Amount, capped at one entry per eligible customer who meets the Draw Requirements (even if the total contribution you make during the Entry Period exceeds the Minimum Draw Contribution Amount).
8. You must opt into the Draw in the Chase app, as described in Section 6 a) above, to be eligible to enter the Draw. Contributions made to your ISA and/or GIA within the Entry Period without opting in to the Draw will not count towards an entry.
9. For the purposes of entering and/or participating in this Draw:
a) Internal transfers between Nutmeg products belonging to the same customer are excluded;
b) External transfers from third party ISA and/or investment providers are excluded; and,
c) You cannot contribute to an 100% cash pot.
10. At the end of the Investment Period you must be a customer of Chase with a Chase Current Account who opted into the Draw during the Entry Period and have an ISA and/or GIA with a total balance that meets the Minimum Draw Contribution Amount in accordance with these Promotional Offer T&Cs.
11. The Promotional Offer T&Cs set out the terms and conditions applicable to this Draw. The following terms and conditions also apply and are amended by some terms in these Promotional Offer T&Cs:
a) the Nutmeg Standard T&Cs, which are available here https://www.nutmeg.com/legal/terms-and-conditions-december-2024. The Nutmeg Standard T&Cs govern how Nutmeg will provide investment services to you.
b) The Chase General Account Terms and Conditions, including eligibility, account limits and maximum account balances.
You will need to meet and comply with both of these terms and conditions in addition to these Promotional Offer T&Cs, in order to enter this Draw.
12. This offer can be used in conjunction with other offers advertised by the Promoter of this Draw.
Who cannot enter this Draw?
13. You cannot enter this Draw if you are:
a) an employee of Nutmeg or Chase;
b) an employee of an affiliate of Nutmeg or Chase, who works for JP Morgan’s International Consumer Banking line of business;
c) a contractor, secondee or contingent worker of Nutmeg or Chase, or an affiliate of Nutmeg or Chase who provides services to JP Morgan’s International Consumer Banking line of business;
d) an employee, contractor, secondee or contingent worker of agents or suppliers of Nutmeg or Chase who are professionally connected with the Draw or its administration.
14. You will also not be able to enter the Draw if:
a) Your Nutmeg account is suspended or under investigation; and/or
b) your Chase Current Account is suspended or under investigation.
If you are unsure of the status of any of your Chase Current Accounts or your Nutmeg account, please contact us using the information provided at the end of these Promotional Offer T&Cs.
15. By entering the Draw, you confirm that you are eligible to do so and eligible to claim the Prize. Nutmeg may require you to provide proof that you are eligible to enter the Draw.
16. All entries received after the Entry Close Date are automatically disqualified.
17. Nutmeg will not accept responsibility if your entry is incomplete or delayed, for example, as a result of any hardware or software failure or technical malfunction. Also, proof of transmission will not be accepted as proof of receipt of an entry into the Draw.
18. Nutmeg will not accept entries that are incomplete or submitted by any method other than set out in these Promotional Offer T&Cs.
19. Nutmeg may disqualify you if you breach any of these Promotional Offer T&Cs or act dishonestly in relation to this Draw or at their own discretion where deemed necessary.
What is the prize?
20. The winner will be randomly chosen by 15th January 2026 by Nutmeg and receive a £20,000 cash payment into their Nutmeg account by 31st January 2026 (“Prize”). The Prize will be held in “unallocated cash” and you will be notified within your Nutmeg account that you have cash waiting for allocation. You can then choose which pot to allocate this cash to, or submit a request to withdraw the “unallocated cash”.
21. The “unallocated cash” sits within your Nutmeg account, but it is not part of an ISA, JISA, LISA or pension tax wrapper. If you want to add this to a Nutmeg pot or withdraw to your bank account, you can do so from the account. Adding the cash to an ISA, LISA, JISA or personal pension will be treated as a contribution into the tax wrapper and is subject to contribution limits under the relevant tax rules of each tax product. Customers are responsible for all contributions into a tax wrapper and should check that any such contributions do not exceed allowable contribution limits.
22. Nutmeg reserves the right to substitute the Prize with a prize of equal or greater value.
23. The Prize is not negotiable, exchangeable or transferable by the winner. The Prize must not be auctioned, resold or advertised for sale.
Winners
24. All valid entries will be entered into a prize draw for a chance to win the Prize. Note, the validity of the entry will be assessed once the Investment Period has expired.
25. The winner will be chosen at random by 15th January 2026.
26. Chase will notify the winner by contacting the winner using the email address and/or telephone number they have saved on their Chase account by 15th January 2026. It is your responsibility to ensure that the contact information provided to Chase is up to date.
27. In order to claim the Prize, the winner must respond to Chase’s message by accepting the Prize and providing any information requested by Chase, within 5 days of being notified.
28. Chase will make all reasonable efforts to contact the winner. If the winner fails to claim the Prize, they will forfeit the Prize and Chase may redraw a new winner. Chase will contact any replacement winner/s as soon as possible after the redraw and they will have 5 days to respond to the notification by accepting the Prize and providing any information requested by Chase.
29. The decision of Nutmeg is final and no correspondence or discussion will be entered into.
Receiving the prize
30. The payment of the Prize will be made by 31st January 2026 to the winner’s Nutmeg account once acceptance of the Prize has been received.
31. The Prize may not be claimed by a third party on the winner’s behalf.
32. Nutmeg does not accept any responsibility if winners are not able to take up the Prize.
Data protection
33. Nutmeg must either publish or make available information that indicates that a valid award took place. To comply with this obligation Nutmeg will send the first name and county of major prize winners and, if applicable copies of their winning entries, to anyone who emails prize.draw@chase.com before 15th February 2026.
34. If you object to your first name, county and winning entry being published or made available, please contact Nutmeg by emailing prize.draw@chase.com. In such circumstances, Nutmeg must still provide the information and winning entry to the Advertising Standards Authority on request.
35. Nutmeg and Chase will only process your personal information as set out in their respective Privacy Policy available here:
Nutmeg: https://www.nutmeg.com/legal/privacy-policy
Chase: www.chase.co.uk/gb/en/legal/privacy-notice/
and in accordance with these Promotional Offer T&Cs.
General
36. Nutmeg reserves the right to hold, void, suspend, cancel, or amend the Draw, without prior notice.
37. This Draw, these Promotional Offer T&Cs and any related disputes shall be governed by English law and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.
Need to get in touch?
38. If you require help with an entry or have any questions about this Draw in so far as it relates to your Chase account, please contact Chase customer support via one of the following options listed on our website here: www.chase.co.uk/gb/en/support/contact-us/.
39. If you require support with this Draw in so far as it relates to Nutmeg including your Nutmeg account, you can get in touch with the Nutmeg team by secure email (Nutmeg calls this Nutmail), by webchat at https://www.nutmeg.com/contact/contact-faq by telephone on 020 3598 1515 or email at support@nutmeg.com.
40. Nutmeg and Chase aren’t responsible if you don’t get information or notices because we’ve used out-of-date contact details. That’s why it’s really important that you:
a) tell us as soon as possible if your contact details change; and
b) check your emails and Nutmail regularly.
Additional terms applicable to this Draw
41. Nutmeg charges management and other fees. The details are available here https://www.nutmeg.com/legal/schedule-of-fees-and-charges Nutmeg Saving and Investment Limited is authorised and regulated by the Financial Conduct Authority, whose address is 12 Endeavour Square, London E201JN, www.fca.org.uk. Our firm registration number is 552016. Nutmeg is covered by the Financial Services Compensation Scheme. There is more information about this in the Nutmeg Standard T&Cs https://www.nutmeg.com/legal/terms-and-conditions-december-2024.