What is a BSB Number? (2024)

FAQs

Is a BSB number the same as a routing number? ›

Whether the transfer is coming across town or around the globe, BSB numbers assist Australian banks in directing money transfers. However, one should always know the BSB number and its importance. The routing number is a nine-digit code used to identify other financial organizations.

A Bank State Branch (BSB) number is a six digit identification number that tells you the state and branch your bank account was opened at. Here's where you can find your BSB: under Account Details on your bank statement.

In other words, BSB numbers are used to identify the recipient of a bank transfer. So, what does BSB stand for? Simple – it stands for Bank State Branch.

Both BSB numbers and SWIFT/BIC codes achieve the same goal: to identify where you are sending money to, but they are not the same. The biggest difference between the two is that BSB numbers are used for domestic purposes, whereas SWIFT/BIC codes are an international network.

If you are transferring money to an overseas bank account, you won't need a BSB number as BSBs are unique to Australia's banking system. Other countries have their own systems for identifying the bank and branch of accounts.

A BSB (Bank-State-Branch) number is a 6-digit numerical code used to determine a specific bank branch in Australia for domestic payments.

What is a mistaken internet payment? If you do enter the wrong account or BSB number the payment will be made to the wrong account (unintended recipient). This is known as a mistaken internet payment. The ePayments Code sets out a process that will help consumers get your money back if it has gone to the wrong account.

“BSB” stands for “bank state branch.” This means that BSB codes identify particular banks as well as specific bank branches in various Australian states. BSB codes do not identify individual bank accounts — only banks and branches.

Suncorp Bank has one BSB for all branches and accounts: 484-799.

BSB numbers are commonly used for domestic transactions (within Australia). For international transfers, such as from the US to Australia, you'll need a SWIFT code. This is used to identify a particular bank within the international SWIFT network.

What are the first 3 digits of BSB? ›

The format of the BSB code is XXY-ZZZ. The first two digits (XX) specify the bank or financial institution where the money is being sent. The third digit (Y) tells which state the branch is located in. The last three digits (ZZZ) specify the address of the branch.

We've updated the website to include various bank products.

Your BSB number can be found by searching for the branch in which you opened your account. The BSB number will show in the search results alongside the branch location and hours of operation. On your statements. Your BSB and account number will appear on your statement copies.

First let's clear up one myth - giving out your bank account number and BSB is fine. "There is no issue in giving out your BSB/account details as it's only possible to deposit funds rather than withdraw funds," an ING spokesperson told Money. "If an unauthorised debit occurs then the debiting institution is liable."

The Australian equivalent to a sort code or routing number is the bank state branch, or BSB, number. You will need to provide the BSB and account number to transfer money to any domestic Australian account.

What is a bank routing number in the UK? In the UK, the equivalent of a bank routing number is a sort code – a six-digit code that identifies both the bank and branch of an account. Sort codes are used by British banks to route money transfers to the correct bank and branch when processing domestic transfers of funds.

In Australia, we don't use Transit Routing Numbers – this is an American system for international payments. If someone is trying to pay you from the US or Canada, you'll need to tell them that we use the SWIFT banking system (they should be familiar with this).

If you're abroad and wish to transfer funds into a US bank account, you'll need to provide the ABA number. For international payments you'll usually need the account's BIC/SWIFT code as well, which can be found on the bank's website or calling customer service.

In function, the routing number system used by U.S. financial institutions is very similar to the international SWIFT system. The biggest difference is that routing numbers are used for transfers domestically instead of the internationally used SWIFT code.