- Control
- You approve every move
- Style
- Execution-only, not discretionary
- Coverage
- All your accounts, UK + EU
Switch to Bank AI when
You want to stay in control of every decision rather than hand a portfolio to a discretionary manager, you want one view across all the accounts you already hold, and you like the idea that - coming soon - Bank AI reads what you can genuinely spare and proposes an invest-or-save move you approve one tap at a time, through a licensed regulated brokerage partner (your capital at risk).
Stay with Nutmeg when
You actively want a managed, hands-off portfolio - you pick a risk level and let a discretionary manager handle the rest, including rebalancing. That is exactly what Nutmeg does and exactly what Bank AI does not: Bank AI is execution-only and never invests without your approval, so it is not a substitute for discretionary management.
| Feature | Bank AI | Nutmeg |
|---|---|---|
| Who makes the decisions | You do. Bank AI proposes; you approve every move one tap at a time. Execution-only, never discretionary, never autonomous. | Nutmeg does. Discretionary management - you set a risk level and Nutmeg invests and rebalances for you. |
| Product type | Sees all your money today (read-only aggregation via PSD2); deposit + auto-invest on your one-tap approval is coming soon, via a licensed regulated brokerage partner. | Discretionary investment manager with its own ISA, LISA, GIA and pension. |
| What it can see | Everything: bank accounts, 60+ UK and EU brokers, ISAs, SIPPs, pensions and crypto exchanges in one net-worth view. | Primarily the portfolios you hold with Nutmeg. |
| How it decides what to invest | Coming soon. Bank AI reads how you actually spend, works out what you can genuinely spare, and proposes an invest-or-save move you approve. | You choose a risk level and contribution; Nutmeg's team manages the portfolio. |
| Crypto | Crypto exchanges (Binance, Bitpanda, Coinbase, Kraken, Crypto.com) included in the net-worth view. | Not in scope. |
| AI assistant | Built in. Ask plain-English questions about exposure, fees, FX, dividends and what you can afford to invest. | Not a chat-led AI; Nutmeg is a managed-portfolio service. |
| Geographic focus | United Kingdom and EU/EEA - 13 markets. | United Kingdom. |
| Custody | Read-only. When the invest layer ships, securities are held by the licensed regulated brokerage partner; Bank AI never holds your cash, securities or crypto. | FCA-regulated discretionary manager; assets held with its custodian. |
| Pricing | Paid app. Current pricing shown on the App Store. | Tiered management fee plus fund costs (per Nutmeg's public pricing). |
You approve every move
Bank AI is execution-only. It proposes; you decide. It never manages a portfolio on your behalf and never invests without your one-tap approval. Nutmeg is discretionary by design.
It sees all your money, not one managed pot
Bank AI connects the banks, brokers, ISAs, SIPPs, pensions and crypto you already use, so proposed moves reflect your whole financial picture - not just the slice Nutmeg manages.
It invests what you can genuinely spare
Coming soon, Bank AI reads how you actually spend and works out what you can safely spare before proposing a move. Your capital is at risk when invested.
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→ - Use case
Portfolio tracker
Live positions, dividends and allocation across every broker and wrapper.
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Is Bank AI a robo-adviser like Nutmeg?
No - and that's the key difference. Nutmeg is a discretionary robo: you set a risk level and it manages and rebalances a portfolio for you. Bank AI is execution-only: it sees all your money, and coming soon it proposes an invest-or-save move based on what you can spare, but it never invests without your one-tap approval. It is never discretionary and never autonomous. Your capital is at risk when invested.
Does Bank AI manage my portfolio for me?
No. Bank AI does not manage money on your behalf, does not rebalance for you, and does not make discretionary decisions. Coming soon, it will propose moves you approve one tap at a time, execution-only, through a licensed regulated brokerage partner. If you specifically want hands-off discretionary management, Nutmeg is the right product and Bank AI is not a substitute.
Does Bank AI invest my money?
Not yet - aggregation is read-only today. Coming soon, Bank AI reads what you can genuinely spare and proposes an invest-or-save move it executes only when you approve it, through a licensed regulated brokerage partner. It stays execution-only and your capital is at risk when invested.
Is Bank AI cheaper than Nutmeg?
Bank AI is a paid app; current pricing is shown on the App Store. Nutmeg charges a tiered management fee plus fund costs per its public pricing. The products are different: Nutmeg manages money for you, while Bank AI sees all your money and proposes moves you approve.
Does Bank AI work outside the UK?
Yes. Coverage is the UK and the EU/EEA: Ireland, France, Germany, Italy, Spain, Belgium, Netherlands, Luxembourg, Portugal, Czech Republic, Austria and Switzerland. Nutmeg is UK-only.
Is Bank AI read-only?
Today, yes - for aggregation. Bank AI reads your accounts to build a net-worth view; it does not move money or place trades on its own. Coming soon, the deposit and auto-invest layer proposes an invest-or-save move and executes it only on your one-tap approval, execution-only, through a licensed regulated brokerage partner. Your capital is at risk when invested.
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