> ## 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.

# Receiving Funds

> How connected accounts receive inbound AUD and stablecoins, and how third-party senders can fund an account without a PIK account.

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.

### 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.

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

| Property             | Detail                                                           |
| :------------------- | :--------------------------------------------------------------- |
| 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 time      | 1 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.

### Receiving USDT and USDC

PIK assigns each connected account a dedicated wallet address for USDT and USDC inbound.

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

| Property             | Detail                                                                    |
| :------------------- | :------------------------------------------------------------------------ |
| 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 network    | Contact [hi@pik.global](mailto:hi@pik.global) for current network details |
| Minimum inbound      | 10 USDT or 10 USDC                                                        |
| Settlement time      | Minutes 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.

### 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.

| Currency | Account Type                               | Settlement Rail              | Named? | Status                                        |
| :------- | :----------------------------------------- | :--------------------------- | :----- | :-------------------------------------------- |
| AUD      | BSB + account number                       | NPP / Standard bank transfer | ✅ Yes  | ✅ Live                                        |
| USD      | US bank account (routing + account number) | ACH                          | ✅ Yes  | Contact [hi@pik.global](mailto:hi@pik.global) |
| EUR      | IBAN                                       | SEPA Credit Transfer         | ✅ Yes  | Contact [hi@pik.global](mailto:hi@pik.global) |
| GBP      | Sort code + account number                 | Faster Payments / BACS       | ✅ Yes  | Contact [hi@pik.global](mailto:hi@pik.global) |
| HKD      | Bank account number                        | FPS / Standard transfer      | ✅ Yes  | Contact [hi@pik.global](mailto:hi@pik.global) |
| SGD      | Bank account number                        | FAST / Standard transfer     | ✅ Yes  | Contact [hi@pik.global](mailto: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](mailto: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](mailto:hi@pik.global) with your platform ID, the target currency, and the connected account ID. PIK's team will confirm availability and complete setup.

### 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.

### Settlement Timing Summary

| Currency | Method                 | Typical Settlement Time             |
| :------- | :--------------------- | :---------------------------------- |
| AUD      | Virtual Account Number | 1 business day; NPP may be faster   |
| USDT     | Wallet address         | Minutes after on-chain confirmation |
| USDC     | Wallet address         | Minutes after on-chain confirmation |