Within Dwolla, the sending party must always verify their bank account in order to be eligible to create a transfer.
There are multiple ways of adding a bank to a Customer with the Dwolla API. A simplified table below outlines the similarities and differences of each method.
|Bank Addition Method||Will the bank be verified?||Required Information|
|API - Account & Routing Number||Optional - With Microdeposits||Bank Account and Routing Number|
|Dwolla.js||Optional - With Microdeposits||Bank Account and Routing Number|
|Dwolla + Plaid integration||Yes||Online banking Credentials|
|Dwolla + Secure Exchange solution||Yes||Online banking credentials|
|Other Approved Third-party Provider||Yes||Variable|
Next, you will create and attach a verified funding source to your Customer, which will be done using Plaid Link, a third-party bank verification provider. This method will give your Customers the ability to add and verify their bank account in a matter of seconds by authenticating using their online banking credentials.
Once your Customer reaches the page in your application to add a bank account, you will first use Plaid Link to authenticate the user's bank account, exchange the
public_token for a
processor_token, and then send the
processor_token to Dwolla to create the funding source.
To integrate Dwolla with Plaid, we recommend checking out our Add a Bank via Dwolla + Plaid Integration guide. Additionally, if you would like to see a working example that verifies a bank via Plaid Link (using Next.js/React) and attaches it as a verified funding source to a Dwolla Customer, please check out our dwolla-plaid-funding-source integration example on our GitHub profile.
If you have an active webhook subscription, you should receive both the
customer_funding_source_verified webhook immediately following the request to Dwolla to add a funding source using a Plaid
Once you have integrated Dwolla with Plaid, and you have attached a customer's
checking account, you will want to repeat the same steps outlined above to add the customer's
savings account as a funding source as well.
All funds transfers made using the Dwolla Platform are performed by a financial institution partner, and any funds held in a Dwolla Balance are held by a financial institution partner. Learn more about our financial institution partners.