Why do I have to provide for SSN, DOB and EIN?
Dwolla’s mission is to allow anyone [or anything] connected to the internet to move money quickly, safely & at the lowest cost possible.
In order to accomplish this, Dwolla verifies the identity of everyone who registers for a TCPayments account by asking for things like Social Security Number (SSN) and/or Employer Identification Number (EIN).
By verifying your identity, Dwolla complies with federal laws (like the US Patriot Act) and the requirements of organizations like The Treasury Department and the National Credit Union Association.
If Dwolla is concerned about an account, they may take extra steps to further verify the account by asking for additional information, such as a federally-issued photo ID or documentation that helps Dwolla verify your address or EIN. In any situation, Dwolla will work quickly with you until a resolution is found.
Apr. 17th, 2019