If you're a Boom Community Bank member working for one of our partner organisations, you could start saving as soon as your next payday. If you're not a Boom member, you'll need to join before you can start saving. You can find the list of employer partners below.
If your employer doesn't offer the scheme, request a partnership with Boom Community Bank. We will contact your employer to provide information about the payroll savings scheme and aim to make it available to your and your colleagues.
If you represent an organisation that wants to introduce the scheme, contact Boom Community Bank. Signing up new employers is a quick process and a simple services agreement will be exchanged.
We set out to make Money Box light work for employers to facilitate. It starts and can be managed from the Money Box employee and employer hubs.
Anyone wanting to join the scheme to save must register for free as a Boom Community Bank member. We will provide them with a Boom account to receive their savings contributions.
Download our app and follow the steps to become a new member, then return to Money Box Employee Hub to initiate savings.
After payroll deductions begin, employees can return to the Employee Hub anytime to change or stop their savings deductions.
Employers can return to the secure Employer Hub to contact us and administrate the scheme.
| Adur and Worthing Councils | Reading Borough Council |
| Age UK | Reading Buses |
| Aldingbourne Trust | Runnymede Borough Council |
| Anthem Schools Trust | Seal Primary Academy |
| Arun District Council | Slough Borough Council |
| Brighter Futures (Reading) | Southdowns Leisure |
| Chichester College | Southern Housing |
| Chichester District Council | Sovereign Housing |
| Crawley Borough Council | Steyning Grammar School |
| Guild Care | Stonepillow |
| Guildford Borough Council | Surrey County Council |
| Home Instead | Sussex Community NHS Trust |
| Independent Lives | The Goodwood Estate |
| International Logistics Group (ILG) | University Hospital Sussex NHS Foundation Trust |
| Kingston Council | University of Reading |
| Legal and General (Hove) | Waverley Borough Council |
| Mid Sussex District Council | Welland Medical |
| People's Partnership (B&CE) | West Sussex County Council |
| Platinum Homecare | Woking Borough Council |
| Portfield Primary Academy | Worthing Homes |
| Rank Leisure |
Employees choose and control how much they want to save. By completing the form in the Employer Hub, they authorise their employer to deduct their chosen amount of savings from their pay and send it to Boom Community Bank every pay cycle. When signed electronically, the form becomes a Payment Deduction Authorisation.
A Deductions Register is updated to include every colleague's payroll deduction that the employer should make within the current pay cycle. The register is shared securely between Boom Community Bank and the Employer.
Boom Community Bank retains the Completed Payroll Deduction Authorisations and may be shared with the employer as proof of an employee's enrolment in the scheme; however, the employer is never informed as to the purpose of the deductions, enabling loans to be repaid in confidence.
Each pay cycle, Boom Community Bank sends the employer or payroll administrator an updated register listing all the individual staff deductions it should make in the approaching pay run. The employer transfers the net total of all deductions to the Community Bank in a single transfer, accompanied by remittance advice uploaded via the Money Box Employer Hub.
Once the employer or payroll administrator has made a bulk deposit of the net amount of all employee deductions, it updates the register with any amendments. It sends it to Boom Community Bank by uploading it to the Employer Hub. Boom Community Bank reconciles the payment and distributes the funds into the participating employees' accounts.
