What is Clair?
At Clair, we’ve created a banking app that doesn’t rely on fees, helps you get paid before payday, and helps you grow your savings easily.
Specifically, Clair is a digital banking platform that allows you to get access to a portion of the money you already worked for, before payday. The best part is that Clair does all this for free*.
How do we do this?
Clair has been able to bypass the pay delay of outdated, traditional payroll systems by having you:
Open a Clair Spending and Savings Account which are deposit accounts established by Pathward, N.A., Member FDIC. When you open an account, you get a Clair Debit Mastercard®, a Spending Account, and a Savings Account that helps you grow your savings easily
Send a portion of your paycheck to your Clair Spending Account each payday via a direct deposit. When you update your direct deposit to your Clair Spending Account, you are eligible to start taking wage advances after your worked shifts. In turn, on payday Clair will deduct the amount advanced— and not a penny more— from your Clair Spending Account to repay your advances taken that pay cycle.
After your shift, you receive a notification to let you know that you have available for advances and the total accumulated amount can be found in your Clair App. There is a cap on how much money can be advanced in between paychecks, but the moment your advances are repaid, you are able to continue wage-advancing after a new shift is worked.
The Clair App is available on both Android and iOS.
Why do we do it?
Our mission is to make everyone financially free.
Our core beliefs:
Given the right tools, everyone can build a bright and independent financial future
Finances don’t need to be complicated nor scary
Employees who are financially free, are productive employees
Great employers offer benefits that improve their employees' lives
Transparency is the key to a FinTech’s success
Fair financial services can be offered to everyone and be profitable
So, what’s the catch?
There’s no catch. When you win, Clair wins too.
When you buy things with your Clair Debit Mastercard, Mastercard pays Clair a percentage of what they earn. This way, we don’t ever have to charge you or your employer for using Clair’s services.
Clair is a financial technology company, not a bank. Banking services provided by Pathward, N.A., Member FDIC. Advances provided by Pathward, N.A. While wage advances are free, certain other fees may apply depending on how users use their account. Standard data charges may apply when using the Clair app