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Let’s set the scene: Your platform has a need for the ability to facilitate the transfer of funds between your users’ U.S. bank accounts. You’re interested in Dwolla. You’re looking at our API documentation and talking to a business development representative, but there’s something you don’t understand… Your ... 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.