| Currency | Virtual Bank Account Issued? | Account Type | Named? | Local Bank Account? |
|---|---|---|---|---|
| AUD | ✅ Yes | Virtual Account Number (BSB + account number) | ✅ Yes — under verified identity | ✅ Yes — real Australian bank account |
| USD | 🔜 Coming soon — contact hi@pik.global | — | — | — |
| EUR | 🔜 Coming soon — contact hi@pik.global | — | — | — |
| GBP | 🔜 Coming soon — contact hi@pik.global | — | — | — |
| HKD | 🔜 Coming soon — contact hi@pik.global | — | — | — |
| SGD | 🔜 Coming soon — contact hi@pik.global | — | — | — |
What Is a Virtual Account Number (VAN)?
A VAN is a real Australian bank account created specifically for your customer. It behaves exactly like a normal Australian bank account — the sender enters a BSB and account number in their banking app and transfers funds. PIK detects the transfer and credits the AUD balance automatically.| Property | Detail |
|---|---|
| Currency | AUD only |
| Account type | Real Australian bank account |
| Named? | Yes — issued under the connected account’s verified identity |
| Unique per customer? | Yes — no two customers share the same account number |
| Who can send? | Anyone with an Australian bank account — no PIK account required |
| Third-party senders? | Yes — fully supported |
| Persistent? | Yes — stays assigned until explicitly released |
| Settlement time | 1 business day; NPP-enabled transfers may be faster |
Issuing a VAN
Account must haveapproved verification status and inbound_payments capability activated.
bsb, account_number, account_name, status
Retrieving a VAN
Releasing a VAN
⚠️ Notify all senders before releasing. Transfers sent after release are returned to the sender.