Hold & Move Money Electronically

Adding wallet-like functionality to your platform with the Dwolla Balance allows verified users to access their funds and make ACH transfers faster.

In-Network Resources

Wallet-like functionality provides maximum flexibility for clients to hold funds at our partner financial institution or have the ability to push out funds at any time.

Timely Payments

Having a built-in wallet functionality allows funds to be available quicker from your application, effectively speeding up the delivery of ACH payments.

Strengthening Reporting

With hundreds and thousands of bank line items that need to be reviewed, leveraging the Dwolla Balance allows a business to easily track single debits that occur on their platform.
Accessing Dwolla’s Wallet Functionality

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

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