A money clip is a device typically used to store

cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-i ...

and credit cards in a very compact fashion for those who do not wish to carry a

wallet A wallet is a flat case or pouch, often used to carry small personal items such as physical currency, debit cards, and credit cards; identification documents such as driving licence, identification card, club card; photographs, transit pass, b ...

Metal

A metal money clip is generally a solid piece of metal folded into half, such that the banknotes and credit cards are securely wedged in between the two metal pieces. Metal money clips are typically made out of

brass Brass is an alloy of copper and zinc, in proportions which can be varied to achieve different colours and mechanical, electrical, acoustic and chemical properties, but copper typically has the larger proportion, generally copper and zinc. I ...

stainless steel Stainless steel, also known as inox, corrosion-resistant steel (CRES), or rustless steel, is an iron-based alloy that contains chromium, making it resistant to rust and corrosion. Stainless steel's resistance to corrosion comes from its chromi ...

silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

titanium Titanium is a chemical element; it has symbol Ti and atomic number 22. Found in nature only as an oxide, it can be reduced to produce a lustrous transition metal with a silver color, low density, and high strength, resistant to corrosion in ...

, or

platinum Platinum is a chemical element; it has Symbol (chemistry), symbol Pt and atomic number 78. It is a density, dense, malleable, ductility, ductile, highly unreactive, precious metal, precious, silverish-white transition metal. Its name origina ...

and are usually sold as luxury items. The main disadvantage of a metal money clip is that, due to the inflexibility of the metal, it cannot normally hold large amounts of cash. Depending on the design, it may also be difficult to push the banknotes into the clip.

Carbon fiber

Carbon fiber Carbon fiber-reinforced polymers (American English), carbon-fibre-reinforced polymers ( Commonwealth English), carbon-fiber-reinforced plastics, carbon-fiber reinforced-thermoplastic (CFRP, CRP, CFRTP), also known as carbon fiber, carbon comp ...

money clips are starting to see market acceptance. Using advanced moulding techniques, the high strength and durability of

carbon fiber Carbon fiber-reinforced polymers (American English), carbon-fibre-reinforced polymers ( Commonwealth English), carbon-fiber-reinforced plastics, carbon-fiber reinforced-thermoplastic (CFRP, CRP, CFRTP), also known as carbon fiber, carbon comp ...

make for ideal qualities. The carbon fiber allows the clamping surfaces to open beyond parallel, without the deformation of normal metal money clips. However, it can be too loose when holding less, so there is a tradeoff. Being non-metallic, they still conduct electrical current, so they can be picked up by metal detectors. The softer resin (plastic which bonds the carbon fibers together) means that it gets scratched more easily than the tougher surface of metal money clip.

Magnetic

The magnetic money clip is generally made of two strong flat rectangular or round

magnet A magnet is a material or object that produces a magnetic field. This magnetic field is invisible but is responsible for the most notable property of a magnet: a force that pulls on other ferromagnetic materials, such as iron, steel, nickel, ...

s encased in

leather Leather is a strong, flexible and durable material obtained from the tanning (leather), tanning, or chemical treatment, of animal skins and hides to prevent decay. The most common leathers come from cattle, sheep, goats, equine animals, buffal ...

, with a small piece of leather separating the two pieces and allowing them to swivel into a closed and open position. There are also clips made of three magnets and two pieces of leather. A magnetic money clip typically has a greater carrying capacity than a metal money clip and the strongest clips are able to hold up to 15 banknotes folded in half. When holding a larger volume of banknotes, a magnetic money clip has less clamping force, since the magnets are further apart compared to when holding just a few banknotes. A metal or carbon fiber clip has inverse properties and the clamping tension gets higher as the clip is stretched open further. Magnetic money clips are not recommended for holding credit cards as the magnets may distort or erase the

magnetic strip The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They shar ...

Money clip wallet

A money clip wallet is a clip designed specifically to hold both credit cards and cash. The conventional money clip wallets are a credit card holder with either a swivel magnetic clip attached to the back side or a solid clip that is bent 6-fold; the conventional clip will feature three compartments instead of one. Money clip wallets are sometimes known as hybrid money clips.

References

{{Reflist Fashion accessories Money containers

Metal

Carbon fiber

Magnetic

Money clip wallet

See also

References