Webhooks and faster availability of funds means more transparency for business operations.
Deliver available funds within the same business day, not two to four.
Differentiate your platform or service with faster payouts directly to your user’s bank account.
Build your integration and test its impact on business operations in our sandbox environment.
Use Same Day ACH and Dwolla’s Access API to automate the last mile of payments.
Same Day Transfers cost less than card payments and APIs are far cheaper than entire ACH departments.
Dwolla is the best way for platforms to communicate and work with our nation’s banking system. Developers and businesses use our simple, yet powerful API to set up funds transfers between bank accounts, manage customers, and more—all within their own branded experience.
Who is eligible for Same Day ACH?
Right now, Same Day ACH only supports credits, or funds initiated from the sender directly to receiver. This is an excellent way for payout platforms, the gig/sharing economies, marketplaces, payroll companies, and more to differentiate themselves, optimize business process, and improve their end-user experiences.
At least initially, Same Day ACH will be made available to Dwolla Access API partners only.
What is Dwolla's Access API?
It’s a Software-as-a-Service platform for businesses and applications to communicate and work with our nation’s banking system. Developers and businesses use our simple, yet powerful Access API to set up funds transfers between bank accounts, manage customers, verify bank account information, and more—all within their own branded experience.
How will it work within the existing Access API?
For businesses interested in leveraging Same Day ACH, the Access API integration will continue to be as simple and powerful as it is today. No need for additional, complex coding with your integration.
Do my customers need a special bank, app, or feature to receive a Same Day ACH-enabled bank to receive Same Day ACH payments?
No! All banks and credit unions accounts are required to accept Same Day Transfers as of Friday, September 23, 2016. With our Access API, you create and on-board customers within your own native experience and they can add their own bank accounts.
Why only credits? What about debits?
There are three phases to the Same Day ACH rollout. The first phase (i.e. this one) can only process credits. Debits, or the ability to originate a request for funds from another’s account, become available in September 2017.
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.