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4 Min. Read

What Is a BSB Number & How to Get One?

What Is a BSB Number & How to Get One?

BSB stands for Bank State Branch. It is the number assigned by your bank's state to identify which branch you have an account with. You'll usually see it on your checks or other documents that come from your bank. It helps them identify where to send payments they need to make on behalf of your account. It also provides information about the status of your account.

BSB numbers are used for a variety of purposes. They can be difficult to find at times. This article will help you understand BSB numbers better. You'll learn what they're used for, how to find them and more.

Here’s What We’ll Cover:

What Is a BSB Number?

How Do I Find My Bank BSB Number?

What are BSB Numbers Used For?

How Are BSB Numbers Different from Other Bank Numbers?

Key Takeaways

What Is a BSB Number?

A BSB number is the number assigned to each branch of your bank. It is a six-digit number. They're used by essentially all popular banks. These can be found on bank checks, other bank documents and in online banking statements. It is important to use your BSB number when making payments to your account or applying for a loan.

The BSB number indicates three main things. The first two digits act as the bank identifier. They indicate the parent financial institution or bank code. The third digit indicates the state where the branch is located. The last three digits indicate the individual branch location or location code.

What Does a BSB Number Look Like?

For example, let's say you have an account with the First National Bank of Australia (FINBA). The branch located in Victoria would then be assigned a BSB number along the lines or XXY-ZZZ. The first two digits XX indicate that this is part of the parent FINBA organization. The Y would indicate the city. Finally, the ZZZ would indicate the specific branch location or bank branch identifier.

XX = The parent financial institution

Y = The state where the branch is located

ZZZ = The branch location

How Do I Find My Bank BSB Number?

You can find your bank's BSB number in a variety of ways. You'll usually find it printed on the front of your checks. You're more likely to have an online banking account. If so, just look for a link that says "Banking Details" or "Branch Details". This will lead you to a page containing your bank's BSB number. You can also find your BSB number in online banking statements.

What are BSB Numbers Used For?

Your BSB number is used for all sorts of transactions, like making domestic payments, a bank transfer and checking account balances. It helps make these transactions faster and easier by saving time. Transactions can be sent automatically to your bank's system without any human intervention.

The BSB number cannot be used to withdraw money or make online purchases. This is because they are not connected to your account number.

You should always use the BSB number assigned to your individual bank, not another branch. If you must send a payment through another bank, make sure it is transferred correctly.

How Are BSB Numbers Different from Other Bank Numbers?

When making payments, your BSB number is used instead of your bank account number. A BSB number can also help identify the correct bank branch location when you contact customer service. Note that this can be different from other banking numbers like an ACFI or Routing Number.

Key Takeaways

BSB numbers are a six-digit number that is used as the identifier for each branch of your bank. They help make transactions faster and easier by saving time. They can be sent automatically to your bank's system without any human intervention. The BSB number cannot be used to withdraw money or make online purchases. A BSB number can also help identify the correct branch location when you contact customer service, which may differ from other banking numbers like an ACFI or Routing Number.

This article discussed what BSB numbers are, how to find them and more. Hopefully you have a better understanding of BSB numbers after reading this.

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