Incentive to capture Direct Deposits

Earned Wage Access for Financial Institutions

Clockout® enables account holders to access earnings before payday. Clockout® is a great incentive for account holders to set up their direct deposit at your financial institution.

Partners and Investors

Trusted by top Investors and Finance Executives

Plug and play earned wage access

Rapid Integration & Swift Deployment

Effortlessly embedded with your existing mobile and online banking platforms. Leverage our 40+ Banking core integrations and SDKs that require minimal effort to deploy.

Banking Core Integrations
Data Security & Compliance
plug and play earned wage access

Tailored User Experience with Modular SDKs

Customize your EWA journey to match your brand's identity. Our SDK components provide the flexibility to design intuitive UXUI, ensuring a cohesive experience for your customers across all digital channels.

Benefits

Unlock New Growth Avenues with Earned Wage Access

Talk to Sales
Grow Deposits
Drive new direct deposits by incentivizing customers to switch their payroll to your bank.
Retain Customers
Offer an EWA service that meets your customers' financial needs, leading to increased loyalty and retention.
Unlock Revenue Streams
Generate additional income through transaction fees, new direct deposits, and cross selling services.
Differentiate Offering
Stand out in a competitive market by providing a unique, convenient service that appeals to modern consumers.
Seamless Integration
Quickly implement our solution with minimal disruption, leveraging our pre-built SDKs and comprehensive support.
Attract new customers
Draw in new clients by offering a compelling EWA service that meets their needs for quick and easy access to earned wages.
How does it work?

Plug and Play Earned Wage Access Experience

1. User Onboarding

We provide connection to +1,600 Payroll Systems, ensuring your customers are covered.

2. Direct Deposits Switch

Instantly switch Direct Deposit allocation to your Financial Institution and win primacy.

3. Advance Repayment

We collect the advance automatically when the paycheck hits the customer's bank account.
important announcement

Clockout x Q2 Partnernship

Our partnership with Q2 allows Financial Institutions to implement Clockout in less than 10 days.

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Earned wage access for all

Direct-to-Consumer or Corporate Distribution

We cover all Financial Institution's needs when seeking Earned Wage Access solutions. We provide the following services

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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Questions

Frequently asked questions

Get answers to all questions you have and boost your knowledge. See all questions here!
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.