Last updated on
Oct 10, 2024 7:47 PM
Where does wage advance money come from?
Clair determines the amount you are eligible to borrow based on your worked hours and reported pay rate. Pathward N.A. then offers a loan based on this amount. If you take a wage advance loan, Pathward N.A. is loaning you that amount. When your paycheck is deposited into your Clair Spending Account (or your due date arrives, whichever comes first) the loan is repaid using funds in your Clair Spending Account.
In short, wage advances are loans from a national bank that you pay back on your payday.
Banking Services provided by Pathward, N.A., Member FDIC. Advances provided by Pathward, N.A.