Drive Deposits and Loyalty with EWA

Earned Wage Access for Financial Institutions

Clockout® enables your account holders to access earned wages before payday, right from your banking app. It’s a proven magnet for direct deposits, helping you grow core balances while empowering customers.

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Trusted by top Investors and Finance Executives

Plug and play earned wage access

Rapid Installation, Swift Deployment

Clockout embeds effortlessly into your existing mobile and online banking platforms. With Top Core Banking integrations (Jack Henry, Fiserv, Q2 and more) and a modular SDK, deploying earned wage access it's a matter of an install, not an implementation. Plus, our solution is fully secure and compliant from day one.

Banking Core Integrations
Data Security & Compliance
Customizable & Branded

Tailored user experience for all your customers

Maintain your brand’s look and feel. Clockout’s flexible components let you design a seamless in-app experience for earned wage access that matches your branding. Deliver an intuitive UX across web and mobile – your customers will feel it’s a natural part of your digital banking.

Benefits to financial institutions

Unlock New Growth Avenues with Earned Wage Access

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Grow Core Deposits
Incentivize customers to switch their payroll direct deposits to your bank, increasing your deposit base.
Retain Customers
Provide a financial wellness service that meets customers’ needs, leading to higher loyalty and account retention.
Generate New Revenue
Earn non-interest and fee income from increased payment activity and new accounts driven by EWA usage.
Differentiate Your Offering
Stand out in a competitive market by providing a unique, convenient service that appeals to modern, tech-savvy consumers.
Seamless Integration
Quickly implement our solution with minimal disruption, leveraging our pre-built modules and comprehensive support.
Attract new customers
Win over younger generations and underbanked individuals by addressing a top pain point.
How does it work?

Plug and Play Earned Wage Access Experience

1. Customer Onboards

Your customer enrolls in Clockout through your banking app (a few clicks). We cover connections to 1,600+ payroll systems to make onboarding seamless

2. Direct Deposit Switch

The customer instantly switches their direct deposit to your institution via Clockout. No paperwork or waiting – you become their primary bank in seconds.

3. Real-Time Access and Repayment

The customer can now withdraw a portion of earned wages on demand. Clockout automatically tracks and collects the advance repayment when the paycheck deposits, with no effort from your team.
Integration partner: Q2

Clockout x Q2 Partnernship

Through our partnership with Q2, you can deploy Clockout to your digital banking in <10 days.

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Earned wage access for all

Serve Retail Customers or Business Clients

Whether you’re launching an EWA service for your retail customers or providing a solution to your commercial clients, Clockout has you covered:

Embedded in-app experience:
Use Earned Wage Access as an incentive to capture Direct Deposits from your customers.
Activate, Retain, and Increase LTV on customers.
Distribute an Earned Wage Access product
Commercial Accounts need Earned Wage Access to retain and motivate their workforce, be their solution.
Monetize offering a set-and-forget product.
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Latest insights from Clockout

FAQ

Frequently asked questions

Get answers to all questions you have and boost your knowledge.
What is Earned Wage Access (EWA)?

Earned Wage Access is a financial service that allows employees to access a portion of their earned wages before the scheduled payday. This service is designed to help employees manage unexpected expenses and reduce financial stress without relying on predatory lending practices.

How does integrating EWA benefit our bank?

Integrating EWA can significantly enhance your bank’s value proposition by attracting new depositors, increasing account retention, and growing core deposits. It also positions your bank as a forward-thinking institution that prioritizes the financial wellness of its customers.

How does EWA integration impact our existing banking systems?

EWA can be seamlessly integrated into existing banking systems with minimal disruption. The service utilizes APIs to link with your bank’s infrastructure, enabling real-time access to earned wages for customers without extensive changes to current processes.

Can EWA services differentiate our bank from competitors?

Absolutely. By offering EWA, your bank can stand out as an innovator in the financial sector, offering modern financial solutions that meet the immediate needs of today’s workforce. This can be a key differentiator in markets saturated with traditional banking products.

How many Payroll Systems are connected to Clockout?

We have connectivity with 1,600+ payroll systems in the US. Over 85% of the US Workforce can access Earned Wage Access with minimal implementation.

What is the key value proposition of offering EWA services at our bank?

The key value proposition of offering EWA services is enhancing your bank’s competitive edge by providing a highly valued financial wellness tool. EWA services help attract and retain customers by meeting an immediate financial need, reducing their reliance on high-interest payday loans, and improving their overall economic health. Additionally, by offering EWA, your bank can increase core deposits, solidify customer loyalty, and position itself as a leader in innovative banking solutions.