About Our Financial Institution Partners

Financial institutions play an important role in our network. Dwolla operates a software platform that sends your payment instructions to our financial institution partners. Any funds transferred using the Dwolla Platform are transferred by one or more of our financial institution partners, depending on the method of payment. Currently, our financial institution partners are:

1. Veridian Credit Union. Dwolla, Inc. is an agent of Veridian Credit Union. Your Dwolla Balance, if any, is held in one or more pooled holding accounts held by Veridian Credit Union. These funds may not be eligible for share insurance by the National Credit Union Share Insurance Fund. All Dwolla clients and their customers are customers of Veridian Credit Union, which provides ACH and Wire transfers to Dwolla users.

2. MetaBank®, N.A. Sponsorship and settlement of Push-to-Debit payment services provided by MetaBank®, N.A. 
Push-to-Debit payments are typically available within 30 minutes.

3. Cross River Bank. Real-Time Payments are performed by Cross River Bank, which holds funds on behalf of Recipients of such transactions in one or more pooled custodial accounts. These funds are not subject to FDIC pass-through deposit insurance.