Clockout

Clockout enables financial institutions to offer earned wage access as an in-app feature, making them the primary destination for a consumer's direct deposit. By providing on-demand pay before payday, partner institutions convert routine EWA usage into an incentive for customers to switch their direct deposits. This directly addresses the deposit-gathering challenges facing regional and community banks.

Partner institutions can generate fee-based income on each advance, either through per-transaction fees or a subscription model. Beyond fee revenue, the constant engagement from EWA users creates recurring touchpoints to cross-sell higher-margin products such as auto loans, mortgages, and additional deposit accounts. The platform is positioned as a conversion engine, not a cost center.

Clockout lists native integrations with Q2, Banno, and Candescent, embedding its service directly into the existing mobile and online banking interfaces these providers power. This deployment strategy reduces technical friction for partner institutions and ensures the earned wage access feature appears as a seamless extension of their current digital offering.

Partners can define which customer segments are eligible to access early wages, set caps on advanceable balances, and design their fee model to match institutional risk tolerance and business strategy. Automated recoupment on payday is standard, and the platform provides real-time visibility into earnings, advances, and repayment activity.

No. Clockout operates exclusively as a white-label infrastructure provider to banks and credit unions. The consumer-facing brand is entirely the partner institution, with Clockout functioning as the underlying technology and operational layer. This distinguishes it from employer-integrated or stand-alone consumer apps in the EWA market.