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Benefits of Same Day ACH Payouts with Dwolla's Access API

About Dwolla

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.

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More details about the Same Day ACH

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.

Financial institutions play an important role in our network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in our 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.