Step
1
Join Boom Community Bank
You must be a Boom member to save via payroll deduction. Download our app, join as a new member, and then return here to start saving.
Step
2
Enrol to save
Use the form below to start, change, or stop your savings deductions. If your employer isn't a payroll scheme partner, the provision of these services depends on their collaboration.
Step
3
Applying for a loan?
If you want to repay a loan via payroll deduction, your first step is to apply for the loan. If your loan is approved, we will arrange to set up repayments through payroll deduction with your employer.
Step
4
Manage your money
Your employer will transfer the agreed amount of savings into the Boom Community Bank account every pay cycle. Return here to change or stop your savings contributions by completing the form below.
Payroll Deduction Authorisation
Use this form to authorise your employer to start, change or stop deductions from your pay under the payroll deduction scheme partnership with Boom Community Bank.
Fewer financial worries
Unforeseen costs can become less of a worry when you have savings to cushion the impact. People who save money report better overall wellbeing, including feeling less stressed and improved mental health.
Easy online access
Log into your Boom Community Bank account anytime here or using the mobile app. With online banking, check your balance, download statements, transfer, and withdraw funds.
Affordable loans
My Money Box could give you better access to Boom Community Bank loans. For your privacy, we don't tell employers whether deductions from your pay are for savings or loan repayments.
Watch your savings grow
When you send your savings to Boom Community Bank instead of your everyday bank account, you may be less likely to dip in and spend them, giving you a better chance to save for the bigger things.
