Fiat Virtual Accounts - PIK Documentation

Which Currencies Have a Virtual Bank Account?

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 have approved verification status and inbound_payments capability activated.

POST /api/v1/accounts/{connected-account-id}/virtual-account

Returns: bsb, account_number, account_name, status

Retrieving a VAN

GET /api/v1/accounts/{connected-account-id}/virtual-account

Releasing a VAN

DELETE /api/v1/accounts/{connected-account-id}/virtual-account

⚠️ Notify all senders before releasing. Transfers sent after release are returned to the sender.

​What Is a Virtual Account Number (VAN)?

​Issuing a VAN

​Retrieving a VAN

​Releasing a VAN

What Is a Virtual Account Number (VAN)?

Issuing a VAN

Retrieving a VAN

Releasing a VAN