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PIK can issue a Virtual Account Number (VAN) for each connected account. A VAN is a real Australian bank account — complete with a unique BSB and account number — dedicated exclusively to one connected account. Any third party can send AUD to this account number from any Australian bank, and PIK automatically credits the funds to the connected account’s AUD wallet balance. VANs are currently issued for AUD only. For other currencies — USD, HKD, SGD — PIK does not issue inbound receiving accounts or addresses. These currency balances can be held in the wallet and used for FX conversion and payouts, but inbound funding must come from an AUD receipt followed by an FX conversion, or from a transfer in from another PIK wallet. See Wallets & balances for the full inbound capability matrix. For USDT and USDC inbound, PIK assigns each connected account a dedicated Solana wallet address — not a VAN. See Receiving funds for crypto inbound details.

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What a VAN is

A Virtual Account Number is a named account issued under PIK’s banking infrastructure. From the sender’s perspective it behaves like any ordinary Australian bank account — they enter the BSB and account number in their banking app and send a transfer. From PIK’s perspective, the transfer is matched to the owning connected account and the AUD balance is credited automatically. VANs are:
  • AUD only — VANs receive AUD bank transfers. They do not receive USD, HKD, SGD, USDT, or USDC.
  • Unique per connected account — no two accounts share the same account number.
  • Named — issued in association with the connected account’s verified identity.
  • Persistent — the VAN stays assigned until your platform explicitly releases it.
  • Third-party friendly — any sender can fund the account, not just the account holder.

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Inbound currency support summary

AUD — Virtual Account Number (BSB + account number) issued per connected account. Any third-party Australian bank transfer accepted. USDT — Dedicated Solana wallet address per connected account. Any sender with a Solana-compatible wallet can send. No ERC-20, TRC-20, or BEP-20 — Solana only. USDC — Dedicated Solana wallet address per connected account. Same network restriction as USDT. USD — No inbound receiving mechanism. USD balance can be held and used for FX conversion or payouts only. HKD — No inbound receiving mechanism. HKD balance can be held and used for FX conversion or payouts only. SGD — No inbound receiving mechanism. SGD balance can be held and used for FX conversion or payouts only.

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Issuing a VAN

The account must have verified status and the inbound_payments capability activated before a VAN can be issued. Call POST /api/v1/accounts/connected-account-idconnected: inline export/virtual-account. No body parameters are required. PIK provisions the VAN immediately and returns:
  • bsb — The BSB number assigned to the account.
  • account_number — The unique account number.
  • account_name — The name associated with the account, derived from the verified identity.
  • status — active once issued.

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Sharing with senders

Share the BSB and account number with whoever needs to send AUD funds. The sender can be the account holder themselves, their employer, their clients, or any other third party. There are no restrictions on who the sender is. Instruct senders to include a payment description or reference in their transfer for reconciliation purposes. PIK records the sender’s reference in the transaction data.

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Releasing a VAN

Call DELETE /api/v1/accounts/connected-account-idconnected: inline export/virtual-account to release a VAN. Once released, any transfers sent to that account number will be returned to the sender. Notify the account holder and any senders before releasing.

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Settlement timing

AUD transfers via VAN are typically credited within one business day. Transfers via NPP (used for Osko payments) may settle within minutes.