Clair
Clair is a digital banking app that offers wage advances and financial services to US-based employees, providing tools like high-yield savings accounts and a Clair Debit Mastercard.
Digital Banking Services
Clair offers a comprehensive digital banking app designed to integrate seamlessly with payroll and time attendance systems. This integration allows US-based employees to access wage advances of up to 50% of their daily gross earnings. Clair's platform supports financial wellness by offering tools such as high-yield savings accounts, fee-free ATM access, and free financial education resources.
Banking Partnership
Clair provides its banking services through Pathward, N.A., a member of the FDIC. This partnership ensures that users' funds are secure and compliant with federal regulations. Using the Clair Debit Mastercard, users can access a network of 40,000 fee-free ATMs, offering convenient financial services without additional costs.
Revenue Model
Clair generates revenue through transactions conducted on their Clair Debit Mastercard. Unlike traditional financial institutions, Clair does not charge users for wage advances. Instead, the focus is on facilitating financial transactions and supporting users' financial wellness through its innovative and user-friendly digital banking solutions.
Support for Businesses
Clair's financial technology solutions are trusted by over 12,000 businesses across the United States. By providing tools that integrate with existing payroll and time attendance systems, Clair helps businesses offer their employees additional financial support and resources, contributing to overall employee satisfaction and financial health.