Funding source verification

Before a customer is eligible to transfer money from their bank or credit union account they need to verify ownership of the account, either via Instant Account Verifications (IAV), micro-deposits, or Plaid’s Auth. This article demonstrates how to verify a bank or credit union account using these options. For more information about the Dwolla API and IAV, please contact sales. For more information about account authentication by Plaid, please view the API docs or reach out to Plaid.

In this article we use the example of verifying a Customer’s bank account and detail the interaction between Dwolla, your application, and the Customer.


Production: Operational

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.