Tired of juggling bills and struggling to save? Moneyworks Wales offers a smarter, simpler way to manage your money – directly from your salary.
Savings that build themselves
A small, consistent amount is automatically set aside each payday. No more trying to remember to transfer funds, no more “oops, I spent it!” moments. Your savings grow steadily, building a financial safety net.
Affordable loans, stress-free repayments
Need a loan? Access fair credit with repayments deducted from your wages before they hit the bank. This eliminates the worry of missing a payment, protecting your credit score and giving you peace of mind.
We offer affordable loans from £100 to £15,000* with competitive interest rates, even if you’ve had trouble getting loans elsewhere. We understand that life happens; we do not just look at your credit score, we look at your willingness and ability to repay.
* Loan amounts can differ between credit unions
“Save as you Borrow” (where applicable)
Many credit unions offer schemes where a portion of your loan repayment automatically goes into savings. You’re building your financial future even as you repay!
Confidential & Secure
Your financial details remain private between you and Moneyworks Wales. Your employer only sees the total deduction amount. Plus, your savings are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
With 150+ payroll partners across Wales, Moneyworks is the free staff perk that boosts financial wellbeing.
Step 1: See if your employer is on board. The first thing to do is check if your company is a “Moneyworks Wales” partner. Lots of local councils, health boards, and businesses in Wales are already part of the program! You can find a list of all partners by clicking here.
Step 2: Become a member of a credit union. Once you find your employer on the list, click their link. It will take you directly to the credit union that handles their payroll deductions. Just follow the instructions to become a member—it’s quick and easy!
Step 3: Contact your credit union. The next step is to get in touch with your credit union. Just let them know you’d like to start saving through the payroll deduction program. They will provide you with a simple form to complete and will guide you through the rest of the process. On the form, you’ll specify how much you want to set aside from each paycheck for your savings or a loan payment.
Step 4: The credit union handles the rest. Once you send in the form, the credit union takes over. They will work with your employer’s payroll team to set up the automatic deduction. The best part? Everything is confidential. Your employer will not know if the money is for savings or a loan, and they don’t need to.
Step 5: Your money is moved automatically. Finally, on your payday, the amount you chose will be automatically taken from your salary and sent right to your credit union account.
This hassle-free process is a great way to save consistently without even having to think about it!
Having stable employment can help you qualify for a loan, even with a lower credit score. Our payroll deduction system allows us to work with you to rebuild your credit if you make all repayments within the agreed terms and conditions.
Loan terms vary by credit union. Compare us with other lenders, but remember our fixed rates and no early/late repayment fees could save you money and we lend to a person not a credit score.
This can vary depending on how much you borrow and the repayment terms. We do not discriminate if you have a bad credit score and the rate offered is the rate you will get with no early or late repayment fees.
You need to join your participating credit union (see their website for details). Typically, you’ll need photo ID and proof of address.
No, we don’t pay interest, but building a savings habit can improve your loan eligibility and provide a financial safety net. Some credit unions may even offer dividends.
