Secure Your Payments With Bank Verification

Bank verification with Dwolla ensures smoother, safer and more efficient financial transactions.

The Benefits of Bank Verification

Bank account verification is a necessary part of the ACH transaction process that ensures funds are coming from and going to legitimate bank accounts. Also known as funding source verification, it confirms that the account being attached is a valid bank account.

As more businesses begin offering electronic ACH payments as an alternative payment method to credit cards and paper checks, having a reliable bank account verification method ensures a positive user experience for both sides of the ACH transaction.

Reduced Fraud Risk

Verifying bank accounts confirms user identities and helps prevent fraudulent activity, protecting both businesses and users from financial losses and chargebacks.

Faster Transaction Processing

Verified bank accounts enable faster payouts and transfers, improving cash flow and user experience compared to waiting for traditional card processing.

Simplified Reconciliation

Accurate bank verification streamlines transaction reconciliation, saving businesses time and resources compared to manually matching payments and accounts.

Automate your payments in as little as ten days.

Dwolla's full-service approach replaces legacy payments technology with a single solution, improving security, data visibility and the customer experience.

Talk to a Payments Expert

Verify accounts before the first payment, not after the first return

Dwolla offers multiple bank verification methods, from instant open banking verification to traditional micro-deposits, so your team can match the right method to the right use case.

Key Benefits

What changes for your team

Outcomes that matter to the teams responsible for payments, product delivery, and operations.

Instant Verification

Open banking-powered verification confirms account ownership in seconds. Users authenticate through their bank's login, and verified account data flows to Dwolla automatically.

Micro-Deposit Verification

For users who prefer not to use bank login flows, micro-deposits provide a reliable fallback. Two small deposits, user confirms the amounts, account is verified.

Reduced ACH Returns

Verifying accounts before initiating payments helps catch invalid account numbers and unauthorized debits early. Fewer returns, fewer operational issues.

Configurable Per Use Case

Offer instant verification as the primary method with micro-deposits as a fallback. Different user segments can use different verification paths.

How It Works

From integration to production

A clear path from first API call to live payment operations.

01

Choose your verification method

Configure which verification methods are available to your users: instant (open banking), micro-deposits, or both with automatic fallback.

02

User verifies their account

Through Dwolla's drop-in components or API, the user completes the verification flow. Dwolla confirms account ownership and stores tokenized data.

03

Payments initiate on verified accounts

Only verified accounts can receive payments. This pre-payment check reduces return rates and protects your operations.

Built for Scale

Trusted by platforms and enterprises

2 Methods

Instant + micro-deposit

Seconds

Instant verification

Lower

Return rates

99.9%

Platform uptime

Reduce returns before they happen

See how Dwolla's bank verification methods help your team onboard users faster and reduce failed payment rates.