There are two types of funding sources available within the Dwolla Platform: A bank account and a Dwolla Balance. While a bank account is commonly used as the source or destination of ACH transfers, the Dwolla Balance is a funding source that can be utilized by account types that have completed “KYC” requirements. This includes customers of Dwolla and their end users who are considered verified customers.
The balance funding source can be accessed when an account (your master Dwolla account or a verified customer account) has completed the identity verification process. As a funding source, the Dwolla Balance can send or receive funds to and from a bank account. An instant payment can be made between two Dwolla Balance funding sources. The customer or end user can also hold funds in a Dwolla Balance.
|Bank to Balance||Balance to Bank||Balance to Balance|
|3-4 Business Days||1-2 Business Days||Instant|