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For Employees
Future savings, financial security and the peace of mind that comes with it.
Employee HubFor Employers
An easy-to-deliver staff benefit that boosts morale and financial wellbeing.
Launch SchemeAbout Money Box
Fostering Financial Wellbeing
In today's challenging economic climate, it's concerning that 22% of individuals in the UK have savings of less than £100, placing their financial security at risk. At Boom Community Bank, we are dedicated to promoting financial resilience and empowering employers to take proactive measures to support the financial well-being of their workforce.
Our payroll-deduction savings scheme, Money Box, delivered in collaboration with employers, has been proven to support workers in developing a consistent and rewarding savings habit while providing a pathway to financial security. Additionally, Money Box streamlines loan repayments, ensuring peace of mind and efficient loan management.
Protected savings
Savings in Boom Community Bank are protected under the Financial Services Compensation Scheme (FSCS).
Financial safety net
Savings deducted at the source accumulate more easily, creating a financial safety net and reducing financial stress.
Facilitating steady savings
Maintaining regular savings through payroll deduction fosters the development of long-term savings habits.
Unlock other savings
Money Box provides a gateway to a suite of financial services designed to build secure financial futures.
How does the scheme benefit employers?
Low maintenance
Simple collaboration with payroll departments, and full online banking for participants.
Tried and tested
Twelve years helping hundreds of workers save direct from their pay.
Ongoing support
Everything is provided for employers to promote the scheme and encourage participation within its workforce.
Money Box
Positive outcomes for employers
Reduce pay advances
Increase productivity
Enhanced employee benefits
Improve morale
Improve profitability
Reduce absenteeism
Testimonials
“ILG works with Boom to provide Save As You Earn [My Money Box] for our staff across all six of our sites in the South East, including our main hub in Manor Royal. We were concerned that some...”
Grace Lord , HR Manager, International Logistics Group Ltd. Read moreILG works with Boom to provide Save As You Earn [My Money Box] for our staff across all six of our sites in the South East, including our main hub in Manor Royal. We were concerned that some staff may approach short term, high-interest lenders, particularly at expensive times of the year, such as over the school holidays and at Christmas and wanted to promote financial wellbeing amongst our teams. To promote awareness of the scheme, we arranged for representatives of Boom to provide drop-in sessions to introduce the scheme and help staff sign up, and these sessions now form part of ILG’s annual health and wellbeing month”
“Boom has been great in getting me support with what I needed—helping me manage my debts to be able to make them affordable. No request from them was too much, and the process was smooth. Gre...”
Connor, Member Read moreBoom has been great in getting me support with what I needed—helping me manage my debts to be able to make them affordable. No request from them was too much, and the process was smooth. Great to know I'll have savings come the end of it too. Great help from the team too; super friendly and warm.
“Nothing short of incredible. I fell into the endless cycle of payday loans and poor credit choices from the companies praying on vulnerable people. I couldn't really see a way out but luckil...”
Jon, Member Read moreNothing short of incredible. I fell into the endless cycle of payday loans and poor credit choices from the companies praying on vulnerable people. I couldn't really see a way out but luckily stumbled across these guys; they have been warm, friendly and kind throughout the process and have significantly reduced my payments by consolidating my bad credit choices, paying them and leaving me with paying less than half in total than I was before. If, like me, you've made some bad credit choices, make a good one and use these guys, you will not regret it.
Money Box
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UAT Test Notification
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