Benefits of Same Day ACH Payouts with Dwolla's API

About Dwolla

Dwolla is the best way for platforms to communicate and work with our nation’s banking system. Developers and businesses use our simple, yet powerful API to set up funds transfers between bank accounts, manage customers, and more—all within their own branded experience.

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More details about the Same Day ACH

Who is eligible for Same Day ACH?

Right now, Same Day ACH only supports credits, or funds initiated from the sender directly to receiver. This is an excellent way for payout platforms, the gig/sharing economies, marketplaces, payroll companies, and more to differentiate themselves, optimize business process, and improve their end-user experiences.

What is Dwolla?

Dwolla is a Software-as-a-Service platform for businesses and applications to communicate and work with our nation’s banking system. Developers and businesses use our simple, yet powerful API to set up funds transfers between bank accounts, manage customers, verify bank account information, and more—all within their own branded experience.

How will it work within the existing API?

For businesses interested in leveraging Same Day ACH, the API integration will continue to be as simple and powerful as it is today. No need for additional, complex coding with your integration.

Do my customers need a special bank, app, or feature to receive a Same Day ACH-enabled bank to receive Same Day ACH payments?

No! All banks and credit unions accounts are required to accept Same Day Transfers. With our API, you create and onboard customers within your own native experience and they can add their own bank accounts.

 

Financial institutions play an important role in our network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in our network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and 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 and Compass Bank.