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.
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.
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.
Through our partnership with Q2, you can deploy Clockout to your digital banking in <10 days.
Whether you’re launching an EWA service for your retail customers or providing a solution to your commercial clients, Clockout has you covered:
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.
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.
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.
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.
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.
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.