What is Money Boost?
Money Boost is simple to implement, easy to integrate and secure to use.
Employees create a goal for something they want from a holiday or Christmas presents, to a new fridge or tablet. Employees then set up regular salary deductions based on how much they can afford to put aside and when they want to achieve their goal. Their salary deductions are automatically taken from payroll, so what they can’t see, they can’t spend. Employees enjoy a 5% boost to spend with well known high street and online brands when they take their money out on a Money Boost Visa card. The Money Boost card is also chip and PIN protected.
Why choose Money Boost?
Simple web tool
Easy to integrate
Encourage good money habits
Accessible anytime, anywhere
Benefits of Money Boost?
An engaged workforce
Promote a positive culture of engagement between you and your employees by helping them achieve their financial goal.
Broad employee appeal
Relevant to all employees and offers flexibility as they can set multiple goals whenever they want, for however long they want.
An enhanced benefits package
Stand out from the competition by offering this exciting employee benefit, which includes the option for you to top up employee's plans, giving a non-cash alternative to bonuses and commissions.
How does Money Boost work?
1. Invite your employees to join the scheme
2. Promote the scheme using our communication toolkit
3. Funds are securely transferred
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*The Money Boost Visa card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme ('FSCS'). As a responsible e-money issuer, Raphaels Bank ensures that once the funds are received, they are deposited in a secure account, specifically for the purpose of settling transactions made with the card.
The Money Boost Visa card is issued by R. Raphael & Sons plc, a UK bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registration number 161302) and permitted to issue e-money. Head office and registered office at 19-21 Shaftesbury Ave, London W1D 7ED, company registration number 01288938.