---
title: What is a “Dedicated Deposit Account” and how does it work?
description: "A Dedicated Deposit Account is a **personal virtual bank account** issued to you. Instead of fetching new bank instructions every time, you get a reusable account number. Any fiat you send to it is automatically converted to USDC and credited…"
url: "https://www.bananacrystal.com/faq/what-is-a-dedicated-deposit-account-and-how-does-it-work/"
updated: "2026-07-27"
category: "Agents / Deposits & Funding"
---

# What is a “Dedicated Deposit Account” and how does it work?

A Dedicated Deposit Account is a **personal virtual bank account** issued to you. Instead of fetching new bank instructions every time, you get a reusable account number. Any fiat you send to it is automatically converted to USDC and credited to your wallet as **USDb**.

Setup is a two-step process:
 1. **Onboarding** -- you complete a KYC agreement (and, where required, a partner bank onboarding step).
 2. **Account creation** -- once onboarding is approved, your dedicated virtual bank account is created and its details are shown.

After that, deposits are as simple as sending money to your account number -- the funds are automatically converted and credited to your wallet as USDb.