What options does Dwolla offer for bank account verification?
What options does Dwolla offer for bank account verification?
- Jul 22, 2025
- Knowledge
Information
Title
What options does Dwolla offer for bank account verification?
Summary
Bank accounts can be verified through the use of micro-deposits (MDs) or instant account verification (IAV). Micro-deposit verification is the default method for verifying a connected funding source. If you choose the micro-deposit method of bank verification, Dwolla will transfer two deposits of less than $0.10 to your customer's linked bank or credit union account.
After initiating micro-deposits, two random amounts will post to your customer’s bank account in 1-2 business days. Once your customer sees these deposits in their account, they need to verify the two amounts in your application. If subscribed to webhooks, your application will be notified throughout this process via micro-deposit related events.
Instant Account Verification (IAV) supports bank account verification with a variety of network partners (currently Finicity, MX, Plaid). This solution gives businesses additional flexibility to work with their preferred bank account verification partner, as well as added convenience for a more interconnected payment experience. View the developer documentation to learn what partners are part of our solutions network.
Other resources:
- Bank Account Verification
- Micro Deposit Verification
- Bank Funding Source
- Instant Account Verification - Plaid
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