> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pik.global/llms.txt
> Use this file to discover all available pages before exploring further.

# Fiat Virtual Accounts

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](mailto:hi@pik.global) | —                                             | —                               | —                                    |
| EUR      | 🔜 Coming soon — contact [hi@pik.global](mailto:hi@pik.global) | —                                             | —                               | —                                    |
| GBP      | 🔜 Coming soon — contact [hi@pik.global](mailto:hi@pik.global) | —                                             | —                               | —                                    |
| HKD      | 🔜 Coming soon — contact [hi@pik.global](mailto:hi@pik.global) | —                                             | —                               | —                                    |
| SGD      | 🔜 Coming soon — contact [hi@pik.global](mailto: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.

```text theme={null}
POST /api/v1/accounts/{connected-account-id}/virtual-account
```

Returns: `bsb`, `account_number`, `account_name`, `status`

#### Retrieving a VAN

```text theme={null}
GET /api/v1/accounts/{connected-account-id}/virtual-account
```

#### Releasing a VAN

```text theme={null}
DELETE /api/v1/accounts/{connected-account-id}/virtual-account
```

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