Bank Code Verified

034-612, BSB Number for Westpac Bank, Cairns, QLD

BSB Number: 034-612

Bank: Westpac Bank

Financial Institution: WBC

Address: 63-65 Lake Street

City: Cairns

State: QLD

Postcode: 4870

System: PEHto BSB numbers

When it comes to the banking system, there are various numbers and codes that play significant roles in ensuring smooth transactions. One such code is the BSB number.

BSB stands for Bank-State-Branch and is a unique identification number assigned to each branch of a financial institution in Australia. In this article, we will explore what BSB numbers are, why they are important in the banking system, and how they are used for identification and routing of funds.

Importance of BSB numbers

BSB numbers are crucial in the banking system as they help identify the specific branch of a bank where an account is held. Each BSB number represents a different location, allowing for accurate and efficient routing of funds.

Without BSB numbers, there would be confusion and delays in processing transactions, leading to frustration for both customers and banks.

Identification and routing of funds

BSB numbers are used to identify and route funds between banks and financial institutions. When you initiate a transfer or make a payment, you will need to provide not only the recipient’s account number but also their BSB number.

These details are essential for the correct allocation of funds to the intended recipient. The BSB number consists of six digits, with the first two digits representing the bank code, the next two digits representing the state or territory, and the last two digits representing the branch code.

For example, in the BSB number 034-612, “034” indicates that the bank is Westpac Bank, “6” represents the state of Queensland (QLD), and “12” represents the specific branch at 63-65 Lake Street in Cairns. When you input the BSB number along with the account number, the banking system uses this information to route the funds accurately.

It ensures that the money goes to the correct branch and account, even if there are multiple branches of the same bank in different states or territories. In addition to fund routing, BSB numbers also help with various banking operations, such as setting up direct debit payments, processing payroll, and managing bill payments.

By using the right BSB number, these operations can be executed seamlessly, saving time and avoiding errors. It’s important to note that BSB numbers are not a secret or confidential piece of information.

They are widely shared and can be found on the bank’s website, customer statements, or by contacting the bank directly. However, it is essential to double-check the accuracy of the BSB number before initiating any transactions, as incorrect numbers could result in funds being sent to the wrong recipient.


In conclusion, BSB numbers play a vital role in the banking system of Australia. They are unique identification numbers assigned to each branch of a financial institution and facilitate the accurate routing of funds.

By understanding what BSB numbers are and how they are used, customers can have confidence that their transactions will be processed correctly and efficiently. So, the next time you are making a payment or transfer, remember the significance of the BSB number and ensure its accuracy for a hassle-free experience in the world of banking.

Topic 3: PEH System

In the world of banking, various systems and processes work together to ensure efficient and secure transactions. One such system is the PEH system.

PEH stands for Participant Electronic Housekeeping, and it plays a crucial role in the processing of transactions in the Australian banking system. In this section, we will delve into what the PEH system is, how it relates to the BSB number provided, and its significance in the banking industry.

The PEH system acts as a central hub or clearinghouse for the exchange of funds between financial institutions. It provides a secure and streamlined platform for the electronic transfer of funds, enabling financial institutions to process transactions seamlessly.

By using the PEH system, banks can exchange information about the routing and settlement of funds in a standardized and efficient manner. The BSB number provided, 034-612, is a part of the PEH system.

This system allows the BSB number to function as a unique identifier for the Westpac Bank branch located at 63-65 Lake Street, Cairns, QLD. The inclusion of the PEH system ensures that transfers or payments made to this specific branch are accurately processed and directed to the correct account.

When a customer initiates a transaction, the PEH system comes into play by authenticating the BSB number and ensuring its integrity. It checks if the given BSB number corresponds to a valid branch of the specified financial institution.

This verification process helps prevent errors or fraud attempts where incorrect BSB numbers are provided. Furthermore, the PEH system also helps with the efficient routing of funds.

It allows financial institutions to precisely determine the destination of funds based on the BSB number. By utilizing this system, banks can automatically direct funds to the intended recipient’s account, improving the speed and accuracy of transactions.

The PEH system is responsible for maintaining the integrity and security of the Australian banking system. It ensures that all transactions are processed in a standardized and secure manner, protecting the interests of both customers and financial institutions.

By serving as a central clearinghouse, the PEH system helps maintain trust and confidence in the banking industry. Topic 4: Understanding BSB number structure

BSB numbers have a specific format and structure that serves to identify the bank, state or territory, and branch associated with a particular account.

Understanding the significance of the different digits within a BSB number can provide valuable insights into the location and operations of a specific bank branch. The BSB number structure consists of six digits.

The first two digits represent the bank code, the next two digits represent the state or territory code, and the last two digits represent the branch code. In the provided BSB number, 034-612, “034” indicates that the bank is Westpac Bank.

The bank code, in this case, signifies that the branch belongs to Westpac Bank. Each financial institution has a unique bank code assigned to it, allowing for quick identification.

The next two digits, “6,” represent the state of Queensland (QLD). Each state and territory in Australia has its designated code.

For example, New South Wales has a state code of “2,” while Victoria has a state code of “3.” This part of the BSB number helps route funds to the correct state or territory. Finally, the last two digits, “12,” represent the specific branch code of Westpac Bank located at 63-65 Lake Street, Cairns.

The branch code differentiates between different branches of the same bank within a particular state or territory. This allows for precise routing of funds to the intended branch of the financial institution.

By breaking down and interpreting the BSB number, we can determine the exact location and branch associated with a specific account. This information is crucial for initiating transfers and payments, ensuring that funds are accurately directed to the intended recipient.

In summary, the structure of a BSB number provides valuable information about the bank, state or territory, and branch associated with a particular account. By understanding the significance of the different digits within a BSB number, customers can ensure accurate routing of funds and minimize any potential errors in their banking transactions.

Through the understanding of the PEH system and the structure of BSB numbers, customers can navigate the complexities of the banking system with confidence. These systems and codes work together to enhance the efficiency and accuracy of transactions, ultimately benefiting both customers and financial institutions alike.

Popular Posts