As a way to offer payments that balance speed with value, Dwolla offers Same Day and Next Day ACH transactions that can cost just cents per transaction. With Dwolla, ACH transactions are processed in batches at noon and 4 p.m. CST; Next Day ACH transactions are processed and become available on the next business day.
Wire transfers do not instantly move money but offer a fast alternative to move funds. Funds may settle within a few hours but wire transfers can cost anywhere from $10-$40 to initiate. Some of Dwolla’s customers have shorter windows to move funds and work with their account manager to request a wire transfer for the purpose of preloading a bank account to send payments.