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Payment Methods

Standard ACH
Standard processing times.

Same Day ACH
Expedite your payments.

Real-Time Payments
Transfers in real time.

 
Features

Webhooks
Real-time notifications.

Correlation IDs
Tracking transactions and reconciling bank records.

Addenda Records
Additional transaction information, like a note or memo.

 

 

 

 

 

Security

Open Banking Services
Instant account verification, balance checks and fraud mitigation.

Tokenization
Digital interactions result in unique identifiers.

Bank Verification
Smoother, safer, more efficient transactions.

Secure Exchange Solution
Securely exchange data with trusted partners.

Benefits

Sandbox Environment
Simulate use cases and try out features.

Dedicated Support
Supporting your payments journey.

Secure Your Payments With Bank Verification

Bank verification with Dwolla ensures smoother, safer and more efficient financial transactions.
BANK VERIFICATION

Supporting Your Payment Integration

Bank account verification is a necessary part of the ACH transaction process that ensures funds are coming from and going to legitimate bank accounts. Also known as funding source verification, it confirms that the account being attached is a valid bank account.

As more businesses begin offering electronic ACH payments as an alternative payment method to credit cards and paper checks, having a reliable bank account verification method ensures a positive user experience for both sides of the ACH transaction.

Bank with verification checkmark and dollar signs on each.
Reduced Fraud Risk
Verifying bank accounts confirms user identities and helps prevent fraudulent activity, protecting both businesses and users from financial losses and chargebacks.
Faster Transaction Processing
Verified bank accounts enable faster payouts and transfers, improving cash flow and user experience compared to waiting for traditional card processing.
Simplified Reconciliation
Accurate bank verification streamlines transaction reconciliation, saving businesses time and resources compared to manually matching payments and accounts.
“We want to make sure we have a seamless process with our end users. We want to make things faster, more efficient and more secure for our clients.”
Financial Services CompanyChief Executive Officer

Leading Open Banking in North America

40+ Partners
20M+ End-Users
121M+ Annual Transaction Volumes
99.9% Uptime, 365 Days

Dwolla Connect

Dwolla Connect is a unified API solution across financial institutions and account-to-account payment methods and is designed specifically for mid- to enterprise-sized businesses with established payment operations. It empowers them to undergo a seamless digital transformation from outdated payment systems, manual processes, and file-based operations to fully streamlined, automated processes.

 
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