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At Dwolla, building the ideal API to move money is what we do, but without the Automated Clearing House (ACH) Network, none of it would be possible. ACH is what allows for the electronic transfer of funds between banks to take place in the United States. According to the ... Read more
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.