Bank Code Verified

014-026, BSB Number for ANZ Bank, Brisbane, QLD

BSB Number: 014-026

Bank: ANZ Bank

Financial Institution: ANZ

Address: 22/324 Queen Street

City: Brisbane

State: QLD

Postcode: 4000

System: PEHto BSB numbers

Have you ever wondered what those series of numbers at the bottom of your check or deposit slip actually mean? They are called BSB numbers, and they play a crucial role in our banking system.

In this article, we will delve into the world of BSB numbers, explaining what they are, why they are important, and how they are used for identification and routing of funds. So, let’s get started!

BSB numbers – what are they?

BSB stands for Bank State Branch, and it is a unique identifying code assigned to each branch of a bank in Australia. These numbers are typically six digits long and are used to specify the exact destination of funds during electronic transactions.

The importance of BSB numbers in the banking system

BSB numbers are of paramount importance in the banking system as they ensure the smooth and accurate transfer of funds between different financial institutions. Without these numbers, it would be nearly impossible to route and allocate funds appropriately.

Identification and routing of funds

When you provide your BSB number to someone, you’re essentially providing them with the necessary information to transfer funds directly to your specific branch. This code allows banks to identify the correct financial institution and branch where the funds should be routed.

It acts as a locator, ensuring that the money reaches its intended destination swiftly and efficiently.

Different uses of BSB numbers

BSB numbers are primarily used for processing electronic funds transfers (EFT) within Australia. These transfers include various transactions such as salary payments, bill payments, direct debits, and transfers between bank accounts.

BSB numbers also play a vital role in online banking, ensuring that the correct account is credited or debited during transactions. In addition to EFT, BSB numbers are also used for check processing.

When you write a check, your BSB number is printed on the bottom left corner to inform the bank where the funds should be deducted from. This helps in verifying the legitimacy of the check and preventing unauthorized transactions.

How BSB numbers work

Now that we understand the significance of BSB numbers, let’s take a closer look at how they operate. The first two digits of the BSB number represent the bank, while the next two digits signify the state where the branch is located.

The final two digits denote the specific branch. For example, let’s say you see a BSB number like 014-026.

In this case, 01 represents ANZ Bank, 40 signifies Queensland (QLD), and 26 indicates the branch at 22/324 Queen Street in Brisbane.

The role of technology in BSB numbers

As technology continues to evolve, so does the usage of BSB numbers. With the rise of online banking and electronic transactions, BSB numbers have become even more critical.

The integration of BSB numbers into banking apps and websites allows individuals to transfer funds seamlessly, removing the need for physical checks or manual paperwork. Furthermore, advancements in artificial intelligence and machine learning have improved the accuracy and speed of fund transfers.

Sophisticated algorithms use BSB numbers to automate the routing process, reducing errors and enhancing efficiency. This streamlining of banking operations benefits both customers and financial institutions.

In conclusion

BSB numbers are a fundamental component of our banking system, providing a unique identification code for every branch of a bank. They serve as a crucial tool for the accurate routing and allocation of funds during electronic transactions.

Understanding the importance of BSB numbers allows us to appreciate the behind-the-scenes mechanisms that ensure our money moves swiftly and securely in the modern world of digital banking. So, the next time you spot those six digits at the bottom of your transaction document, remember their significance and the role they play in keeping our financial system running smoothly.

PEH System and its connection to the BSB number provided

Next, let’s explore the PEH system and its relationship to the BSB number provided. The PEH system stands for Payment Event Hub, and it is a central hub used by financial institutions in Australia to process payments.

It acts as a gateway, facilitating the exchange of funds between different banks and financial entities. The PEH system plays a crucial role in the efficient and secure transfer of funds.

When a payment is initiated, the PEH system receives the transaction details, including the BSB number of the recipient’s bank branch. It then uses this BSB number to identify the specific bank and branch involved in the transaction.

In the case of the BSB number 014-026, the PEH system would process the payment by recognizing the bank as ANZ Bank and the branch as the one located at 22/324 Queen Street in Brisbane. This information ensures that the funds are directed accurately to the intended recipient.

Understanding the structure of BSB numbers

Now, let’s delve deeper into the format and structure of BSB numbers. BSB numbers consist of six digits, each serving a specific purpose in identifying the bank and branch.

The first two digits: The initial two digits represent the bank. In the case of BSB number 014-026, the “01” signifies ANZ Bank.

The next two digits: The following two digits indicate the state where the bank branch is located. In this example, “40” stands for Queensland (QLD).

The final two digits: The last two digits of the BSB number denote the specific branch of the bank. For the BSB number 014-026, “26” designates the branch situated at 22/324 Queen Street in Brisbane.

Breaking down and interpreting the BSB number provided

Let’s break down the BSB number 014-026 and interpret its significance in more detail. As mentioned earlier, the first two digits represent the bank, which in this case is ANZ Bank.

ANZ Bank is one of the largest banks in Australia, offering a wide range of financial services to individuals and businesses. Moving on to the next two digits, “40” signifies the state where the branch is located – Queensland (QLD).

Queensland is a vast state in Australia, known for its beautiful beaches, vibrant cities, and diverse economy. Finally, the last two digits, “26,” identify the specific branch of ANZ Bank at 22/324 Queen Street in Brisbane.

Brisbane, the capital of Queensland, is a bustling city and an important financial hub. Understanding the significance of each part of the BSB number allows us to pinpoint the exact bank, state, and branch involved in a transaction.

This precision is crucial for ensuring that funds are directed to the correct destination within the banking system. By utilizing the BSB number 014-026, the PEH system processes payments efficiently and accurately.

The Payment Event Hub acts as the intermediary, allowing the smooth flow of funds from one bank branch to another.


In conclusion, the PEH system, also known as the Payment Event Hub, is a central hub used by financial institutions in Australia to process payments. It relies on the BSB number, which stands for Bank State Branch, to route funds accurately to specific bank branches.

Understanding the structure and format of BSB numbers allows us to interpret the significance of each digit and grasp the role they play in identifying the bank, state, and branch involved in a transaction. The combination of the PEH system and the BSB number ensures the efficient and secure transfer of funds within the Australian banking system.

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