Are there any overdraft fees or fees to close the account?

Simply put, no. Clair does not allow overdraft of your account and therefore no overdraft fees are charged. Overdraft is defined as a banking platform paying for a charge that your account did not have enough funds for, which many other banks charge fees for. With Clair, if there are not enough funds in your account at the time of purchase, the transaction will be declined. We don't believe in charging you for not having enough money in your account.

There are also no fees for closing your account. If you have an advance that has not yet been repaid, you will need to settle that advance prior to account closure, but no fees are charged if you decide to close your account. Additionally there are no fees to keep your account open. If you decide you don't want to use your Clair Spending and Savings accounts, no fees are charged for lack of activity.

Banking Services provided by Pathward, N.A., Member FDIC. Advances Provided by Pathward, N.A.