In order to move money across the Dwolla network, you’ll need to connect your bank account to your Dwolla account. You can follow the step-by-step instructions below:

1. From the Funding Sources page, click on “Connect an account."

2. Next, search for your bank or choose it from the list. If your bank doesn’t turn up in search results, simply click the “Add any bank” button to provide your routing and account numbers. 

3. Choose a verification method: Instant Account Verification (which uses the same login credentials you use on your bank’s website, and securely verifies that you own the account within seconds) or Deposit Verification (which uses your routing and account numbers, and takes up to 3 days).  

4a. For Instant Account Verification, you’ll be prompted to enter your online banking credentials. The banking information you enter is not stored by Dwolla.

If you have multiple accounts with the same bank, you’ll be asked to choose one. After that, your bank account will be successfully connected with Dwolla so you can easily transfer money in and out of the Dwolla network. 

4b. If you select Deposit Verification, Dwolla will make two small deposits between $0.01 and $0.20 into the bank account you provided. Keep an eye out for these—they typically show up within 1-3 business days—and note the specific amounts.

Then, return to Funding Sources and click “Verify” next to your bank. Enter the amounts of the two deposits you received from Dwolla in your bank account (e.g., $0.03 and $0.12).

After you enter the two amounts correctly, your bank account will be successfully connected with Dwolla so you can easily transfer money in and out of the Dwolla network.

Things to keep in mind:

  • The “account name” is for your reference only. Pick something that describes the account so you’ll remember it later. For example “B of A -- checking” or “My Savings Account #4”.​

  • Your account type must either be a checking or savings account. You cannot link “non-transactional” accounts like investment or money market accounts.​

  • Your routing number is the nine-digit code your bank uses to identify how funds are sent and received through your bank account. Do not enter a special routing number that your bank gave you just for wire transfers only - use the typical routing number found on your paper checks or on your bank’s website.​

  • Dwolla does not link with debit/credit cards.​​

  • Your banking information is not visible to other members of the Dwolla network.

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Financial institutions play an important role in the Dwolla network.

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.