Dwolla, like all online banking startups dealing with real money, is just a front-end on a classical banking institution. The costs to really start your own ban

Dwolla, like all online banking startups dealing with real money, is just a front-end on a classical banking institution. The costs to really start your own bank, which itself would probably not even give the level of control desired, from scratch are far too excessive for a typical startup. All of Dwolla's stuff is processed by Veridian Credit Union, and they have no control after you start a transaction moving. Dwolla takes 2+ weeks to move money around. Their FiSync product is vaporware. They won't give out the documentation. Veridian, whose system they're already specially linked to, is the only user.