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Coming September 2016, speedier bank transfers will begin to become a reality. To understand the potential impacts of this new development in the ACH network, we’re doing a three-part series looking at how different parties stand to benefit from the implementation of same day bank transfers. In this post, ... 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.