Clockout

Clockout (Clockout Financial, Inc) is a fintech company offering an embedded earned wage access (EWA) platform built for financial institutions rather than for employers or direct-to-consumer users. Its software lets banks and credit unions give account holders access to a portion of wages they have already earned ahead of payday, directly inside the institution's existing mobile and online banking applications, with the institution's own branding and user experience.

The product covers in-app enrollment using a consumer's payroll credentials, advance disbursement, real-time tracking of earnings, advances and repayment activity, and configuration controls that let each institution set user eligibility, the share of earned wages available to advance, fee structure (per-advance fees or subscription) and other guardrails according to its risk tolerance. Clockout states it runs alongside the institution's core system rather than requiring a core conversion or code changes, and supports configurable posting and general-ledger mapping as well as multi-core and multi-brand deployments.

The company positions EWA to institutions as a tool for capturing direct deposits, generating non-interest fee income, and creating engagement occasions for cross-selling products such as auto loans, mortgages and deposit accounts. It also frames the product as a lower-cost alternative for consumers to payday loans and overdraft fees.