Step-by-step guide

Join, start saving, or launch a new savings scheme

If you're a Boom Community Bank member working for one of our partner organisations, you can start saving on 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.

Join Boom Community Bank >

Start saving >

If your employer doesn't offer the scheme, you can fill out a short contact form to request a collaboration with Boom Community Bank. We will then reach out to your employer and provide information about the My Money Box scheme, aiming to make it available to all employees.

Enrol my employer >

If you represent an organisation that wants to introduce the scheme, contact Boom Community Bank. Signing up new employers is a quick process, and once they agree to partner, a simple Service Level Agreement will be exchanged.

Employer contact >

More about joining

We take care of everything, making My Money Box light work for employers. It all starts and can be managed from the My Money Box employee and employer hubs.

Anyone wanting to join the scheme to save must first register, for free, as a Boom Community Bank member. We will provide them with a Boom account to receive their savings contributions. Joining Boom is straightforward; download our app and follow the steps to join as a new member, then return to the My 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.

Employee Hub >


Employers can return to the secure Employer Hub to contact us and administrate the scheme.

Employer Hub >

My Money Box employer partners
Adur and Worthing CouncilsReading Borough Council
Age UKReading Buses
Aldingbourne TrustRunnymede Borough Council
Anthem Schools TrustSeal Primary Academy
Arun District CouncilSlough Borough Council
Brighter Futures (Reading)Southdowns Leisure
Chichester CollegeSouthern Housing
Chichester District CouncilSovereign Housing
Crawley Borough CouncilSteyning Grammar School
Guild CareStonepillow
Guildford Borough CouncilSurrey County Council
Home InsteadSussex Community NHS Trust
Independent LivesThe Goodwood Estate
International Logistics Group (ILG)University Hospital Sussex NHS Foundation Trust
Kingston CouncilUniversity of Reading
Legal and General (Hove)Waverley Borough Council
Mid Sussex District CouncilWelland Medical
People's Partnership (B&CE)West Sussex County Council
Platinum HomecareWoking Borough Council
Portfield Primary AcademyWorthing Homes
Rank Leisure
Collecting authorisations and controlling savings

Employees choose and control how much they want to save with My Money Box. 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 every month.

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.

Processing Employee salary deductions

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 My Money Box Employer Hub.

Lodging Employee deposits and payments

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.

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