You know what’s surprising? The fact that paper checks are still so commonplace. Today, according to the Remittance Coalition’s B2B Directory Concept Paper, businesses annually make 10 to 15 billion payments by paper check.

In a world where you can get a jar of peanut butter delivered in a few hours, businesses are still using checks to do a significant number of payments.

The hard costs of checks:


- Time: The average businessperson reports spending approximately 5 hours a month writing or worrying about checks, or 60 hours a year.

- Supplies: Half of small businesses spend up $25 on check materials.

- Invoice Cycle: The invoice cycle takes approximately 17.9 days to complete when using paper checks.

- The Cost: It costs $7.15 to process each paper check.

A smart replacement for checks is going electronic with the Automated Clearing House (ACH) network. With ACH, you’re still paying from your bank account, just online. You can think of ACH as the network  connecting banks and credit unions in the United States, and Dwolla has an easy onramp to this network.

Replace checks, and tap Dwolla’s API for bank transfers. If you’re paying thousands of vendors, we have a tool for that. If you’re looking to build a platform that taps ACH payments, we have examples for that too.

Get started now.

Talk to an integration specialist. Learn more about our bank transfer solution.
Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla 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.