Payroll savings & loans is offered to employees of partner organisations as a staff benefit. This enables employees to save and access affordable loans in an easy, hassle-free way. It is a great way to put money aside and ideal way to save for holidays and Christmas.
Once you’ve signed up with Derbyshire Community Bank just follow these simple steps:
A hassle free way to build up your savings by direct deduction from your pay into your DCBank account!
If your employer is a payroll partner with the credit union, all you have to do is join us and then notify your payroll department how much you want to save each month and it is deducted from your pay and paid direct to your account with DCB. You can then download our mobile App and sit back and watch your savings grow.
Top tip – set a goal for your DCBank savings – maybe a family holiday, home improvements, upgrade the car, or something else important to you.
Our loans offer your employees:
Payroll Deduction is available to employees of the following businesses
Saving with a credit union via Payroll Deduction is widely adopted as an employee wellbeing benefit by many local authorities, large employers in the UK and around the world including Derby City and Derbyshire county councils, British Aerospace, Royal Mail, BT, police, MOD.
Research into Payroll Deduction and saving by deduction at source is compelling; high satisfaction rates, positive financial and wellbeing impact. We are grateful to the following organisations for their research into this field:
Fair4All Finance report Deduction Lending: Does it Add Up for Low-Income Borrowers?
Financial Inclusion Centre report into Getting Workforces Saving: Payroll Schemes with Credit Unions
