Bank Code Verified

037-134, BSB Number for Westpac Bank, Lockleys, SA

BSB Number: 037-134

Bank: Westpac Bank

Financial Institution: WBC

Address: 25 Pierson Street

City: Lockleys

State: SA

Postcode: 5032

System: PEHto BSB Numbers: The Backbone of Banking

When it comes to transferring funds in the banking system, BSB numbers play a crucial role. These numbers, also known as Bank-State-Branch numbers, are unique identifiers assigned to each branch of a financial institution in Australia.

While they may seem like a series of random digits, BSB numbers are a fundamental part of the banking infrastructure, ensuring that funds reach their intended recipients accurately and efficiently. In this article, we will explore the importance of BSB numbers in the banking system, how they are used for identification and routing of funds, and delve into the specifics of Westpac Bank.

Topic 1:to BSB numbers

Picture this: you want to send money to a friend’s bank account. How does the money find its way to them?

This is where BSB numbers come into play. Think of them as the postal code for a bank branch.

Just like how postal codes help the mail system deliver letters and parcels to the right destination, BSB numbers ensure that money is routed correctly to its intended recipient. BSB numbers, consisting of six digits, are divided into three parts: the first two represent the bank, the next two represent the state, and the final two represent the branch.

For example, let’s break down the BSB number 037-134. The first two digits, 03, identify Westpac Bank.

The next two digits, 7-1, indicate that the branch is located in South Australia. Lastly, the remaining two digits, 34, uniquely identify the Lockleys branch.

Topic 1.1: Importance of BSB numbers in the banking system

BSB numbers serve as a crucial link between banks, allowing for seamless transactions. Without them, it would be nearly impossible to direct funds accurately.

Imagine the chaos if we had to rely solely on account numbers for routing funds. Account numbers, while unique to each customer, do not provide information about the bank or branch.

This is where BSB numbers step in, providing the necessary information to direct funds to the right place swiftly and efficiently. Topic 1.2: Identification and routing of funds

Now that we understand the importance of BSB numbers, let’s delve into the process of identification and routing of funds.

When you initiate a funds transfer, the BSB number acts as an identifier, specifying the recipient’s bank and branch. By including the BSB number, you ensure that the funds reach the correct institution.

Once the recipient’s bank receives the funds, they use the BSB number to route them to the appropriate branch. The BSB number provides the necessary instructions to navigate the complex network of interconnected banks and financial institutions, ensuring a smooth transfer.

It is essential to note that BSB numbers are not only used for electronic transfers. They are also used for manual transactions, such as depositing cash or cheques into a specific bank branch.

BSB numbers streamline these processes, making them more efficient and accurate. Moving on from our discussion of BSB numbers, let us now turn our attention to Westpac Bank, one of the prominent financial institutions in Australia.

Topic 2: Westpac Bank

Westpac Bank, short for Westpac Banking Corporation, is one of the “Big Four” banks in Australia, along with Commonwealth Bank, ANZ, and NAB. Established in 1817, Westpac has a rich history of providing banking services to individuals, businesses, and institutions throughout the country.

Topic 2.1: Westpac Bank: A trusted financial institution

With a strong presence in the Australian banking sector, Westpac Bank is known for its reliability and stability. It offers a wide range of products and services, including savings and transaction accounts, mortgages, personal loans, business banking solutions, and wealth management services.

Westpac Bank prides itself on its commitment to customer satisfaction and innovation. Through its digital banking platforms and mobile applications, customers can conveniently manage their finances, make payments, and access a variety of banking services anytime, anywhere.

Topic 2.2: Westpac Bank’s community involvement

In addition to its financial services, Westpac Bank actively participates in community involvement initiatives. It supports various community organizations and initiatives, focusing on education, diversity and inclusion, and environmental sustainability.

Westpac Bank recognizes the importance of giving back to the communities it serves and strives to make a positive impact in society.


In conclusion, BSB numbers are a vital component of the banking system, ensuring accurate and efficient routing of funds. They serve as unique identifiers for bank branches, enabling seamless transactions.

Westpac Bank, a trusted financial institution, offers a wide range of services and actively engages in community involvement. Understanding the importance of BSB numbers and the role of banks like Westpac allows us to appreciate the complex network that makes the banking system function smoothly.

Topic 3: PEH System: Unlocking the Secrets Behind BSB Numbers

If you’ve ever wondered how BSB numbers are generated and what they mean, you’ll soon discover that the mysterious acronym “PEH” holds the key. PEH, short for the Payment and Efficiencies Hub, is a system utilized by financial institutions to manage and administer BSB numbers.

In this section, we will explore what the PEH system stands for and how it relates to the BSB number provided for Westpac Bank. Topic 3.1: What is the PEH system?

The Payment and Efficiencies Hub (PEH) is a centralized database and processing system that is responsible for the maintenance and management of BSB numbers in Australia. It is operated by the Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry.

The PEH system plays a vital role in ensuring the accuracy of BSB numbers and streamlining the routing process for funds transfers. It acts as a secure repository for BSB number information and facilitates the exchange of this data between financial institutions.

Through the PEH system, financial institutions can validate and verify BSB numbers, ensuring that they are up-to-date and correctly linked to the respective banks and branches. Topic 3.2: How does the PEH system relate to the BSB number provided?

Now that we understand the PEH system’s purpose let’s see how it connects with the BSB number provided for Westpac Bank. The BSB number “037-134” refers to a specific branch of Westpac Bank located on 25 Pierson Street, Lockleys, South Australia.

When a bank branch is established, its BSB number is assigned by the PEH system. It ensures that the BSB number adheres to the format and structure mandated by the Australian Payments Clearing Association (APCA).

The unique combination of digits in the BSB number represents the financial institution, state, and branch, providing a concise yet informative means of identification and routing. By utilizing the PEH system, financial institutions like Westpac Bank can manage their BSB numbers efficiently and ensure that funds are accurately routed to the intended recipients.

Topic 4: Understanding BSB Number Structure: Decoding the Digits

The BSB number structure may appear daunting at first glance, but breaking it down reveals a clear pattern and significance of each digit. Let’s explore the format and structure of BSB numbers and decipher the meaning behind each component.

Topic 4.1: BSB number format

BSB numbers consist of six digits with a hyphen (-) separating the second and third digits, as seen in the example “037-134.” This format is consistent across all BSB numbers in Australia. Topic 4.2: Significance of different digits

Each digit within the BSB number holds a specific meaning, providing valuable information about the bank and branch.

Let’s analyze how the BSB number “037-134” can be interpreted:

– The first two digits (03) represent the bank or financial institution. In this case, the digits “03” correspond to Westpac Bank.

– The next two digits (7-1) indicate the state in which the branch is located. Here, “7-1” represents South Australia.

– The last two digits (34) uniquely identify the branch itself. In this example, “34” specifically points to the Lockleys branch of Westpac Bank.

By understanding the breakdown of the BSB number, customers can ensure they provide the correct information when initiating funds transfers or other banking transactions. This accuracy is essential to ensure that funds are directed to the intended account swiftly and efficiently.

To summarize, the format and structure of BSB numbers consist of six digits, with each digit holding significance related to the bank, state, and branch. Understanding these components allows for seamless identification and routing of funds within the banking system.

As we continue to explore the world of BSB numbers, we gain a deeper understanding of their importance in the banking system. The PEH system, with its role in managing and administering BSB numbers, forms the backbone of accurate and efficient funds transfers.

Likewise, decoding the structure and meaning behind BSB numbers empowers individuals to navigate the banking system with confidence. By unraveling the secrets of the PEH system and understanding BSB number structure, we unlock the key to seamless banking transactions.

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