Tips and Tricks for how to make your On-Demand Pay work best for you!
Clair was designed to solve for the life moments where you need someone to have your back. We hear stories every day from people who use Clair to cover an unexpected expense, plan for a vacation, or reach a budgeting goal.
According to Bankrate's 2024 Annual Emergency Savings Report, 34% of workers in the United States say they live paycheck to paycheck, meaning they have little to no money left over for savings after paying their monthly expenses. This figure also does not account for how much of this is caused by overdraft fees and late fees. This is where Clair can help! Here are some examples of ways you can use your On-Demand Pay:
Avoid Overdraft
Overdraft fees can be incurred in many bank accounts when there are insufficient funds in your account and the bank covers your purchase. One way you can use On-Demand Pay is to add a buffer to your account so that any transactions that may trigger that fee are accommodated for. Having that extra amount of your pay available can prevent those fees from stacking up.
Early credit card paydown
Taking On-Demand Pay can also allow you to pay credit card usage sooner, saving money on interest charges and freeing up the usage for other transactions.
Handling an unexpected expense
Whether it’s running out of gas between paydays due to rising prices, a tooth that needs immediate attention, running to the store to grab an ingredient you forgot, or a spontaneous dinner with friends you weren’t expecting; A few clicks within your On-Demand Pay can allow you the freedom to cover these expenses without worry.
Savings Planning
Whether you’re planning for an upcoming vacation or trying to reach a savings goal, sectioning a portion of your money away for a specific purpose is a great way to practice good budgeting habits.
You can take advantage of On-Demand Pay to get yourself out of a debt cycle, to cover emergency expenses, add to your savings account early, or for just a little pocket money for a night out. The possibilities of how you can make your On-Demand Pay work for you are endless! Life is simple when pay is simple!
FAQ
How do I contact Clair?
Clair support is here to help we are open Monday through Friday, 9am-8pm Eastern Standard Time. We are closed on weekends and bank holidays. You can reach us at support@getclair.com, or text-to-chat at 424-365-9619 (this line does not support phone calls).
All Advances are originated by Pathward®, N.A.