Bank Code Verified

035-031, BSB Number for Westpac Bank, Port Adelaide, SA

BSB Number: 035-031

Bank: Westpac Bank

Financial Institution: WBC

Address: 171 Commercial Road

City: Port Adelaide

State: SA

Postcode: 5015

System: PEHto BSB Numbers: A Vital Component of the Banking System

In the vast world of banking, there are various codes and numbers that play a crucial role in ensuring seamless transactions and fund transfers. One such code that holds immense importance is the BSB number.

This article aims to provide a comprehensive understanding of what BSB numbers are, their significance in the banking system, and how they are used for identification and routing of funds. What are BSB Numbers?

BSB, or Bank State Branch, numbers are a unique identification code used by banks in Australia. Each BSB number is six digits long and serves as a key element in identifying a particular bank branch.

In essence, BSB numbers act as an address for financial institutions and are essential when it comes to directing funds accurately.

The Importance of BSB Numbers in the Banking System

BSB numbers are vital in the banking system for several reasons. Firstly, they ensure that funds are correctly routed to the appropriate bank branch.

By including the BSB number in a transaction, the system can identify the specific branch associated with the account, reducing the possibility of errors or misdirection. Secondly, BSB numbers facilitate the efficient processing of electronic transactions.

When making electronic payments or transfers, BSB numbers are used to validate the recipient’s account information, ensuring that the funds are being directed to the correct institution and branch. Additionally, BSB numbers are integral to the functionality of various banking services, such as direct debits and direct credits.

These services heavily rely on the accuracy of BSB numbers to ensure that funds are debited or credited to the desired accounts accurately.

Identification and Routing of Funds

BSB numbers play a crucial role in the identification and routing of funds within the banking system. When initiating a transfer or payment, the sender must provide the BSB number of the recipient’s bank branch.

This allows the banks involved in the transaction to identify the destination branch and direct the funds accordingly. Once the BSB number is provided, the banking system uses this information to link the payment to the correct financial institution.

The BSB number acts as a routing tool, ensuring that the funds are transferred accurately and efficiently. Furthermore, BSB numbers can be used to determine the ownership of a bank account.

By analyzing the BSB number, one can identify which financial institution operates the account and even gather information about the specific branch. For example, let’s consider the BSB number 035-031, associated with Westpac Bank in Port Adelaide, South Australia.

The first three digits, 035, indicate the Westpac Bank itself. The last three digits, 031, represent the specific branch, located at 171 Commercial Road in Port Adelaide.


In conclusion, BSB numbers are a vital component of the banking system, serving as unique identification codes for bank branches in Australia. Their importance lies in ensuring accurate routing of funds, facilitating efficient processing of transactions, and supporting various banking services.

By understanding BSB numbers and their significance, individuals can navigate the banking system with ease and confidence, knowing that their funds will be directed accurately to the intended recipient. Topic 3: PEH System – The Perfect Harmony of Efficiency

The PEH system, or Payments and Exchange Hub system, is a critical component of the Australian banking infrastructure.

This system acts as a central platform for the processing and exchange of payments between financial institutions. The PEH system provides enhanced efficiency and security, benefiting both banks and their customers.

In relation to the BSB number provided (035-031), the PEH system plays a significant role in routing funds accurately and ensuring seamless transactions. The PEH system is designed to streamline the movement of funds by acting as a hub, connecting different financial institutions and facilitating the secure transfer of payments.

By centralizing payment processing, the PEH system reduces the complexity and potential for errors in the banking system. When it comes to BSB numbers, the PEH system works in tandem to ensure that funds are routed accurately and expediently.

Whenever a transaction is initiated, the BSB number provided is analyzed by the PEH system to identify the specific bank branch associated with the account. This information is crucial to the successful routing of funds, as it allows the PEH system to direct the payment to the correct financial institution.

The PEH system achieves this by leveraging the BSB number’s structure and utilizing the first three digits to identify the owning financial institution. In the case of the given BSB number (035-031), the PEH system recognizes that the funds should be transferred to Westpac Bank due to the presence of the digits “035.” This information ensures that the payment is handled by the appropriate institution, reducing potential errors and delays.

Furthermore, the PEH system uses the BSB number’s last three digits to identify the specific bank branch. In this example, “031” indicates that the payment should be directed to the Westpac Bank branch located at 171 Commercial Road in Port Adelaide.

Overall, the PEH system and BSB numbers complement each other in ensuring the accurate routing of funds. By utilizing the structure of BSB numbers and the capabilities of the PEH system, banks can provide efficient and secure payment processing, enhancing the overall banking experience for customers.

Topic 4: Understanding BSB Number Structure – Decoding the Digits

To fully comprehend the significance of BSB numbers and their role in the banking system, it is essential to understand their structure. BSB numbers consist of six digits, with each digit serving a specific purpose and providing valuable information about the associated bank branch.

The first two digits of a BSB number indicate the state or territory in which the bank branch is located. For instance, the BSB number “03” signifies that the branch is in South Australia.

This allows for easy categorization and identification when dealing with multiple branches across different regions. The next two digits of a BSB number represent the financial institution itself.

Each institution is assigned a unique two-digit code that is consistent across all of its branches. In the example of the BSB number “035-031,” the digits “35” identify Westpac Bank as the financial institution.

Finally, the last two digits of a BSB number identify the specific bank branch within the financial institution. These digits are crucial when it comes to accurately routing funds to the desired location.

In the given BSB number, “031” pinpoints the Westpac Bank branch situated at 171 Commercial Road in Port Adelaide. By breaking down the BSB number into its individual components, one can easily interpret its meaning and gain valuable insights about the associated bank branch.

This level of detail is highly beneficial for customers and financial institutions alike, as it ensures that transactions are processed with precision and efficiency. In conclusion, BSB numbers play a pivotal role in the banking system, serving as unique identification codes for bank branches in Australia.

The PEH system, through its efficient payment processing capabilities, relies on the structure and information provided by BSB numbers to accurately route funds. Understanding the significance of different digits within the BSB number allows for a deeper understanding of how transactions are processed and provides valuable insights into the associated financial institution and bank branch.

By embracing this knowledge, individuals and businesses can navigate the banking system with confidence, knowing that their transactions will be executed seamlessly and accurately.

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