About 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.

    • Webinar: Date to be confirmed.

    Local employers are invited to join our webinar (Microsoft Teams) for updates from Money and Pension Service, Stop Loan Sharks, and Boom Community Bank on addressing UK employees' money stress through payroll savings.

    Protected savings

    Protected savings

    Savings in Boom Community Bank are protected under the Financial Services Compensation Scheme (FSCS).

     Financial safety net

    Financial safety net

    Savings deducted at the source accumulate more easily, creating a financial safety net and reducing financial stress.

    Facilitating steady savings

    Facilitating steady savings

    Maintaining regular savings through payroll deduction fosters the development of long-term savings habits.

    Unlock other savings

    Unlock other savings

    Money Box provides a gateway to a suite of financial services designed to build secure financial futures.

    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


    “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 more

    “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 more

    “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 more

    Money Box

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