Bank State Branch aka BSB
The necessary vehicle for transferring money to and throughout Australia
When sending money from one place to another, you want it to arrive safely. You don’t want to send it into the abyss and days later have some random person living off your dime. Basic banking requires common sense information like bank account numbers, names, and addresses, but that’s not all when banking in Australia. You’ll need something called a BSB code. It’s necessary for your money to reach its designed destination. What is this code? Where can it be found? What does it mean and how do you know that you have the right one? Take a few minutes to read this article before transferring money.
What is a BSB?
A BSB code is not Airbnb’s new competitor. It is a 6-digit number used to identify a specific financial institution branch in Australia. It’s used with a bank account number to send money to a recipient. You may have heard of a SWIFT code which is used for international transfers. It is similar to that, only this is required for local transfers within Australia.
What does a BSB look like??
The BSB code is represented here by the following letters, XXY-ZZZ. Thankfully, this is not an algebra equation you need to solve to transfer money down under. Let’s clarify what each specific letter represents so we are speaking the same language. The first two digits (XX) refer to the bank or financial institution; the third digit Y (Y) refers to the state where the branch is located and the last three digits (ZZZ) provide the unique address of the branch.
A BSB example
Here’s an example using this code: 012–081.
- 01 specifies the bank code for the Australia and New Zealand Banking Group Limited.
- The following digit, 2, specifies that the branch is found in New South Wales (NSW).
- The last three numbers, 081, tell us this is the Shop T Menai Marketplace branch.
Having these numbers will ensure your money goes to the right place.
How do I find my BSB number?
For the numerically challenged people out there, you may be on the cusp of a headache. Take a deep breath. We’ve got you covered via the tools of the internet. If you have a bank account in Australia, the BSB code will be found by logging into your online banking portal. If you’re looking to transfer money to Australia, you can expect the BSB number will be on each bank’s website. Still not confident you have the right number? We suggest calling the branch before you execute your transfer for peace of mind and accuracy. If you just want the ‘click and go’ way of gathering information, see below.
Find BSB Numbers for some of Australia’s top banks by clicking on them below:
- ANZ BSB numbers generally begin with 01.
- AMP Bank Ltd has a universal BSB of 939-200.
- Bank of Queensland has a universal BSB of 124-001 which can be used to send money to any BOQ account.
- Bankwest BSB numbers generally begin with 30.
- Bendigo Bank BSB numbers for Bendigo Bank generally begin with 63.
- Commonwealth bank BSB generally begins with 06.
- Macquarie Bank also has a universal BSB of 182-512.
- NAB BSB numbers begin with 08 or 8.
- Suncorp Bank has a universal BSB of 484-799.
- Westpac BSB numbers generally begin with 03.
FYI: Banking format differences between Australia and New Zealand
You now know that the BSB number and a specific bank account number are required for sending money to an individual bank account in Australia. New Zealand has decided to pack it all into one big chunk of 16 digits shown here: XXXXXX YYYYYYY ZZZ.
The bank code for identifying the bank and branch is represented by the first 6 digits (XXXXXX). The individual account has 7 digits (YYYYYYY) and the last three digits (ZZZ) specify the kind of account accepting the transfer such as checking, business, savings and so on.
Want to send money to Australia or New Zealand from overseas? Statrys may be your best choice.
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