Overview: Send money to your users
In this guide, we’ll cover the key points of transferring money:
- Create and onboard a Customer to receive funds
- Associate a funding source (bank or credit union account) with the Customer
- Transfer funds to a Customer’s linked bank account
Before you begin
You need to have a Sandbox account already set up.
Next step: Customer onboarding
The first step is to onboard a recipient for your transfer by creating a Customer and ensuring a funding source is added where money will be sent. Your application will need to capture the recipient’s bank account information to pass through to Dwolla for secure storage.
Financial institutions play an important role in the Dwolla network.
Dwolla, Inc. is an agent of Veridian Credit Union and all funds associated with your account in our network are held in one or more pooled accounts at Veridian Credit Union. These funds may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union.