Legacy

When you use your Clair Debit Mastercard, Mastercard processes the transaction and  collects a percentage of the sale from the merchant. Mastercard then shares a portion  of this fee to the issuer of the debit card, Pathward, N.A. and Pathward, N.A. shares a  portion of that fee with Clair.  It truly is a win-win situation. Clair makes money every time you use your Clair Debit  Mastercard. This allows Clair’s services to remain free* for our users. 

  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  Clair has been able to bypass the pay delay of outdated, traditional payroll systems by having you:  Open a Clair Spending and Savings Account which are deposit accounts established by Pathward, N.A., Member FDIC.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

  Your Spending and Savings Accounts are held at Pathward, N.A. Clair is not a bank. We partner with Pathward, N.A. in order to help hourly workers across the country gain financial freedom by providing friendly, financial services.  Pathward, N.A., Member FDIC is a federally chartered bank whose funds are FDIC insured, subject to applicable limitations and restrictions when Pathward, N.A. receives the funds deposited to your account. 

At Clair, we don’t believe in unnecessary fees or profiting from our members’ misfortunes. We have no fees to sign up, no overdraft, no monthly service or transaction fees, no minimum balance fees, and we offer one free card replacement per year. We charge a few fees to send money to other bank accounts or to print checks. See the fees we do charge at https://getclair.com/fees/  Sometimes, you will incur fees when using your Clair Debit Mastercard. ATM operators and the network that completes the transaction may impose fees when you initiate an electronic fund transfer from the ATM or make a balance inquiry. Please note, however, that there are no ATM fees when you use your Clair Debit Mastercard at one of our 50,000 in-network ATMs.