No, and if we ever did, we’d make it blatantly obvious to you, the user, ahead of time so you can make an informed decision.

We only use your Social Security Number to verify your identity. Dwolla does not run a credit check or any other sort of check other than to verify your information. For more information on your Privacy when using Dwolla, read our Privacy Policy.

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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.