BSB stands for Bank State Branch. BSB Code is 6 digit number, 2 pairs of 3 digits seperated with hypen "-".
BSB numbers are used to identify bank branches within Australia.
The first 2 numbers are used to indentify the parent financial institution in Australia.
The third number represents the state where bank branch is located.
Last 3 numbers represents perticular financial institution branch.
BSB number of receiving account is must when transfering money to any thrid party account.
BSB Number definition:
Take an example of BSB number 062-203 assigned to one of the major banks, Commonwealth Bank Of Australia.
- 06 : All the BSB numbers assigned to Commonwealth Bank Of Australia start with 06
- 2 : Sydney. Branch is located in Sydney
- 203 : North Sydney. Specify the branch