MetaBank, N.A., Member FDIC (“MetaBank, N.A.”) was the previous name of Clair’s partner bank.
In March of 2022, MetaBank, N.A., announced that it was changing its name to Pathward, N.A. Your Clair Spending and Savings Accounts are established by Pathward, N.A. Additionally, all banking services initiated in your Clair Spending and Savings Accounts are provided by Pathward, N.A.. Pathward, N.A., is a federally chartered bank whose funds are FDIC insured, subject to applicable limitations and restrictions when Pathward receives the funds deposited to your account. We partner with Pathward, N.A., in order to help hourly workers across the country gain financial freedom by providing friendly financial services.
In our banking partner’s own words: “Pathward signals our commitment to removing barriers that prevent millions of Americans from achieving access to the financial system. Our new name serves as a constant reminder of the importance of creating a path forward for the unbanked, underbanked, and underserved to help them achieve economic mobility.”
Thus, as a Clair user your Spending and Savings Accounts are held at Pathward. Clair is a financial technology company, not a bank. Clair Spending is a demand deposit account established by, and the Clair Debit Card is issued by, Pathward, N.A., Member FDIC.
Mastercard® and the circles design are registered trademarks of Mastercard International Incorporated. Clair Savings Account is established by Pathward, N.A., Member FDIC.