The BSB number stands for (Bank-State-Branch) is a six-digit numeric code with dash that identifies individual financial institutions and branches within Australia. The BSB code is similiar to swift code which is used as branch identifier and bank account number to identify the beneficiary account for a money transfer. According to Australian Paper Clearing System (APCS) financial institutions are required to include BSB and bank account numbers on cheques, at the bottom of the cheque to identify the specific bank account number to be debited for paper based transactions but EFT (Electronic fund transfers) transactions between bank accounts the BSB and bank account numbers must be given for the accounts to be debited as well as beneficiary accouts.
The bank state branch number format consists of three parts: AAB-XYZ.
The first two digits identify the bank in Australia. (AA) specify the bank or financial institution where the money is being sent.
The third digit (B) identifies the Australian state bank branch is located.
The last three digits (XYZ) uniquely identify branch, or the address of the bank branch.
Example: BSB number for Bank of Melbourne: 553-151.
55 is the two-digit code for Bank of Melbourne
The third digit (3) is the branch located in Victoria.
The last three digits (151) are the bank branch in Melbourne City.
Main banks of Australia with their Codes are:
1: Australia and New Zealand Banking Group (Code: ANZ) (Number: 01 )
2: Westpac Bank (Code: WBC) (Number: 03 or 73 )
3: Commonwealth Bank (Code: CBA) (Number: 06 or 76 )
4: National Australia Bank (Code: NAB) (Number: 08 or 78 )
You can find BSB number from the branch you opened your account. It is olso there on your cheques or your bank statements. The Australia BSB Number tool online can be used to check the validity of your BSB number.
A BSB is a six-digit number used to identify the individual branch of an Australian bank or financial institution and to identify the recipient of a bank transfer.
A Bank State Branch (BSB) is the name used in Australia for a bank code, which is a branch identifier or receipients account identifier.
International transfers banks use swift code not BSB but for transactions in banks of Australia need BSB numbers which identify the bank branch and account number in which funds need to be transferred as Australian banks don't use IBANs.
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