What Is A BSB Number And How Do You Use It?

Jonathan Cusimano
Published: 04 Dec 2019

Are you looking to transfer money to a bank account in Australia? Other than the usual banking information, such as beneficiary name, bank name and bank account number, you will need to arm yourself with a BSB code. This will ensure the money being transferred ends up in the right place.

So let’s take a moment to get familiar with what a Bank State Branch is and how to use it.

Take a few minutes to read this article or watch our video before transferring money.

What is a BSB?

A BSB, otherwise known as Bank State Branch number, is a 6-digit number that distinguishes banks and branches across Australia.

Essentially, it is a bank branch identifier that is used by Australian banks to identify an account’s bank branch. 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 worldwide. It is similar to that, only this is used for both local and international transfers to Australia.

How do you recognize a Bank State Branch number?

The layout of a Bank State Branch code is XXY–ZZZ. The first two digits (XX) indicate the bank or financial institution where the money is being transferred. The third digit (Y) refers to the state in Australia where the branch is located. And the last three digits (ZZZ) provide the unique address of the branch.

BSB number format

An example of a BSB

Here’s an example using this code: 012081.

  • 01 specifies the bank code for 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.

How can you find your beneficiary’s BSB number?

Now that you understand what a Bank State Branch is, the next step is to understand how to locate a Bank State Branch number. There are actually several ways to find it which means you will never be stuck in making your payments and transfers.

If you have a bank account in Australia and are searching for your BSB number, you can simply log into your online banking portal to find the Bank State Branch number of your branch.

If you are looking to transfer money to a bank account in Australia, navigate to the relevant bank’s website, the Bank State Branch number can be found using their branch locator tool.

Find BSB Numbers for some of Australia’s top banks by clicking on the respective links below:

  1. ANZ BSB numbers generally begin with 01.
  2. AMP Bank Ltd has a universal BSB of 939-200.
  3. Bank of Queensland has a universal BSB of 124-001 which can be used to send money to any BOQ account.
  4. Bankwest BSB numbers generally begin with 30.
  5. Bendigo Bank BSB numbers for Bendigo Bank generally begin with 63.
  6. Commonwealth Bank BSB generally begins with 06.
  7. Macquarie Bank also has a universal BSB of 182-512.
  8. NAB BSB numbers begin with 08 or 8.
  9. Suncorp Bank has a universal BSB of 484-799.
  10. Westpac BSB numbers generally begin with 03.

The differences between bank account formats in Australia and New Zealand

Whereas in Australia you need both the Bank State Branch number and bank account number to recognise an individual bank account and transfer money to it, in New Zealand BSB numbers are not used.

The difference is that banks in New Zealand set one 16-digit number to enable users to transfer money between accounts, the format of which is as follows: XXXXXX YYYYYYY ZZZ.

The first six digits represent the bank code which identifies the bank and branch (XXXXXX), similarly to the BSB number in Australia. This is followed by seven digits which represent the individual account (YYYYYYY). The last three digits (ZZZ) specify the kind of account accepting the transfer, this can be checking, business, savings and so on.

Illustration-NZ BSB number

Want to send money to Australia or New Zealand from overseas? Statrys can assist you

When sending money through your bank or through money transferring service it is not uncommon to have hidden transfer fees or high foreign exchange commission sprung upon you.

No one likes nasty surprises! Which is why we do not hide anything from you. Our service is completely transparent. We charge a small transfer fee which we make clear to you before you transfer any funds. We also offer very competitive currency exchange rate in case your payment to Australia or New Zealand requires to buy Australian Dollars or New Zealand Dollars.

Now that you have all the information and advice you need surrounding BSB numbers, it’s time to start sending money to Australia and New Zealand!

Check our international payment guide for more details.

author
Jonathan Cusimano

Jonathan Cusimano is Head of FX at Statrys. With nearly a decade of experience in banking and Fintech, Jonathan has advised and assisted many SMEs in their FX hedging and treasury management strategies.

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