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Once a connected account is verified and the inbound_payments capability is activated, PIK issues it dedicated receiving details. For AUD, this is a Virtual Account Number — a real Australian BSB and account number. For USDT and USDC, PIK assigns a dedicated wallet address. Any third party can send funds to these details — no PIK account required. USD, HKD, and SGD have no inbound receiving mechanism. To fund these balances, receive AUD or stablecoins and use FX Conversion to convert.

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Receiving AUD via Virtual Account Number

PIK issues each connected account a unique Australian BSB and account number. Anyone with an Australian bank account can transfer AUD directly to it. 
POST /api/v1/accounts/{connected-account-id}/virtual-account
PropertyDetail
Unique per account?Yes — no two accounts share the same number
Who can send?Anyone with an Australian bank account — no PIK account required
Third-party senders?Yes — fully supported
Settlement time1 business day; NPP transfers may be faster
Instruct senders to include a payment reference in their transfer description. PIK records this in the transaction data for reconciliation.

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Receiving USDT and USDC

PIK assigns each connected account a dedicated wallet address for USDT and USDC inbound. 
GET /api/v1/accounts/{connected-account-id}/receiving-details
PropertyDetail
Unique per account?Yes — never shared between accounts
Who can send?Any compatible wallet — no PIK account required
Third-party senders?Yes — fully supported
Supported networkContact hi@pik.global for current network details
Minimum inbound10 USDT or 10 USDC
Settlement timeMinutes once the transaction is confirmed on-chain
Important: Always confirm the supported network with PIK before instructing senders. Funds sent on an unsupported network cannot be recovered.

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Additional Virtual Bank Accounts (USD, EUR, GBP, HKD, SGD and More)

PIK’s infrastructure supports the issuance of local virtual bank accounts in additional currencies beyond AUD — including USD, EUR, GBP, HKD, and SGD. These allow connected accounts to receive fiat transfers in local currency directly, without conversion.
CurrencyAccount TypeSettlement RailNamed?Status
AUDBSB + account numberNPP / Standard bank transfer✅ Yes✅ Live
USDUS bank account (routing + account number)ACH✅ YesContact hi@pik.global
EURIBANSEPA Credit Transfer✅ YesContact hi@pik.global
GBPSort code + account numberFaster Payments / BACS✅ YesContact hi@pik.global
HKDBank account numberFPS / Standard transfer✅ YesContact hi@pik.global
SGDBank account numberFAST / Standard transfer✅ YesContact hi@pik.global
These accounts are named — issued under the verified identity of the connected account. Availability may vary by account tier and jurisdiction. Contact hi@pik.global to enable additional currency virtual bank accounts for your platform.
To issue a virtual bank account in a non-AUD currency: Contact hi@pik.global with your platform ID, the target currency, and the connected account ID. PIK’s team will confirm availability and complete setup.

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Third-Party Fund-In

PIK explicitly supports third-party fund-in. Connected account customers can share their VAN or wallet address with their own clients, employers, or counterparties and receive funds directly. The sender has no relationship with PIK.

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Settlement Timing Summary

CurrencyMethodTypical Settlement Time
AUDVirtual Account Number1 business day; NPP may be faster
USDTWallet addressMinutes after on-chain confirmation
USDCWallet addressMinutes after on-chain confirmation