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

# Fiat deposits

> Give a wallet a dedicated bank account that can be funded with a bank transfer

To deposit fiat funds into a wallet, Privy creates a dedicated bank account that can be funded with simple bank transfers. Incoming fiat is converted to stablecoins and delivered on-chain automatically.

The account is persistent, so it is safe and reusable: it requires no memo or reference code, and the same details work for every future deposit.

Privy uses [Bridge](https://apidocs.bridge.xyz/get-started/introduction/overview) for fiat orchestration, and fiat deposits are backed by [Bridge virtual accounts](https://apidocs.bridge.xyz/platform/orchestration/virtual_accounts/virtual-account).

## How a fiat deposit works

1. For a given source fiat currency and destination cryptocurrency, a wallet is given a deposit account, which returns bank details.
2. Send a bank transfer to the generated bank account.
3. The provider converts the fiat to the configured asset and delivers it to the wallet on-chain.
4. Privy emits webhooks as the deposit progresses, so your app can reflect status without polling.

<Tip>
  Fiat deposits are also supported through the [onramp modal](/wallets/funding/add-funds), which
  offers a prebuilt flow for funding a wallet with fiat or crypto, with no deposit account plumbing
  in your app.
</Tip>

## Getting started

<CardGroup cols={3}>
  <Card title="Setup" icon="gear" href="/wallets/funding/fiat-deposits/setup">
    Verify the wallet's entity and configure the provider
  </Card>

  <Card title="Create a deposit account" icon="building-columns" href="/wallets/funding/fiat-deposits/create-deposit-account">
    Provision bank details for a wallet
  </Card>

  <Card title="Deposit lifecycle" icon="webhook" href="/wallets/funding/fiat-deposits/deposit-lifecycle">
    Follow a deposit from bank transfer to on-chain settlement
  </Card>
</CardGroup>