Bank Code Verified

037-164, BSB Number for Westpac Bank, Lockleys, SA

BSB Number: 037-164

Bank: Westpac Bank

Financial Institution: WBC

Address: 25 Pierson Street

City: Lockleys

State: SA

Postcode: 5032

System: PEHto BSB numbers: The Backbone of Banking

In the vast world of banking, there are numerous components that work together to ensure seamless financial transactions. One crucial element that often goes unnoticed by account holders is the BSB number.

This unique identifier plays a significant role in the banking system, aiding in the identification and efficient routing of funds. In this article, we will delve into the world of BSB numbers, exploring their importance and how they are used in the banking system.

What are BSB Numbers? BSB stands for Bank-State-Branch, and it refers to a six-digit numerical code that uniquely identifies a specific bank branch in Australia.

Each branch of a financial institution is assigned a unique BSB number, which serves as its distinctive identifier. Essentially, a BSB number functions like a postal code for a bank, ensuring that funds are directed to the correct branch.

Identification and Routing of Funds

BSB numbers are crucial for the identification and routing of funds within the banking system. When conducting a transaction, whether it be a direct deposit, salary payment, or bill payment, the BSB number of the recipient’s bank branch must be provided.

This ensures that the funds are directed to the correct bank and branch. The BSB number consists of three components: the first two digits represent the bank code, the next digit represents the state code, and the final three digits represent the branch code.

For instance, the BSB number 037-164 belongs to Westpac Bank and specifically identifies the branch located at 25 Pierson Street, Lockleys, in South Australia. To understand how BSB numbers aid in the routing of funds, let’s consider a scenario.

John needs to transfer money to his friend Maria, who banks with Westpac at the Lockleys branch mentioned above. To initiate the transfer, John will need Maria’s BSB number, which in this case is 037-164.

When John enters the BSB number along with Maria’s account number, the banking system identifies the Lockleys branch using the BSB number and routes the funds accordingly.

Benefits of BSB Numbers

BSB numbers provide numerous benefits within the banking system. Firstly, they help to streamline and expedite financial transactions.

By ensuring that funds are directed to the correct branch, BSB numbers prevent unnecessary delays and errors. This is particularly important in an era where instant transfers and real-time payments are becoming increasingly popular.

Secondly, BSB numbers contribute to the security and integrity of the banking system. By accurately identifying the recipient’s branch, BSB numbers provide an additional layer of verification, reducing the risk of unauthorized transactions.

Furthermore, BSB numbers allow banks to efficiently manage their systems and track funds. By categorizing transactions based on BSB numbers, banks can analyze patterns, monitor branch performance, and identify areas that require improvement.

This information is invaluable for banks, as it helps them streamline their operations and enhance customer service.

An Evolving Banking Landscape

As technology continues to advance, the banking landscape is constantly evolving. Traditionally, BSB numbers have been used for domestic transactions within Australia.

However, with the rise of global banking and digital platforms, the relevance of BSB numbers is expanding. Some banks now offer international transfer services, where BSB numbers may be used in conjunction with other codes such as SWIFT or IBAN to facilitate cross-border transactions.


BSB numbers are an essential component of the Australian banking system, facilitating seamless and efficient fund transfers. These unique identifiers not only aid in the identification and routing of funds but also contribute to the security and integrity of the banking system.

By accurately directing funds to the correct bank branches, BSB numbers prevent delays, errors, and unauthorized transactions. As the banking landscape continues to evolve, the importance of BSB numbers remains steadfast, ensuring the smooth functioning of financial institutions across Australia.

PEH System: The Ultimate Efficiency in BSB Numbers

In the world of banking, efficiency is paramount. Processes need to be streamlined to ensure smooth transactions and quick transfers.

That’s where the PEH system comes into play. PEH stands for Post Entry Housekeeping, and it is a system used by financial institutions to process BSB numbers and enhance their functionality.

In this section, we will dive into the intricacies of the PEH system and explore how it relates to the BSB number provided. What is the PEH System?

Simply put, the PEH system is an internal system used by banks to manage BSB numbers and the associated data. It is a behind-the-scenes mechanism that ensures the accuracy and integrity of BSB information.

The PEH system performs various tasks, such as updating and maintaining BSB records, handling changes in branch details, and facilitating the smooth flow of funds. It is a crucial component of the banking infrastructure that allows BSB numbers to function seamlessly.

The Role of the PEH System in BSB Numbers

The PEH system plays a fundamental role in the management of BSB numbers. When a new branch is established or changes occur within an existing branch, such as a change of address or contact information, the PEH system is responsible for updating and maintaining these details.

This ensures that the BSB number associated with each branch remains accurate and up to date. Consequently, banks can continue with their operations smoothly, and customers can have confidence in the accuracy of their transactions.

Moreover, the PEH system works hand in hand with other systems within the banking infrastructure. For instance, if a customer initiates a funds transfer and provides a BSB number, the system checks the validity of the BSB number against the latest information stored in the PEH system.

This verification process guarantees that the funds are routed to the correct branch and helps prevent possible errors.

Understanding the Structure of BSB Numbers

To grasp the full functionality of the BSB number provided (037-164), it is essential to understand its structure and the significance of each digit within the number. The BSB number consists of six digits, divided into three parts: the bank code, the state code, and the branch code.

1. Bank Code: The first two digits denote the bank code.

In the case of the provided BSB number (037-164), the bank code is 03, which corresponds to Westpac Bank. Each financial institution is assigned a unique bank code, distinguishing it from other banks within the system.

2. State Code: The third digit represents the state code, indicating the state or territory in Australia where the branch is located.

For the BSB number (037-164), the state code is 7, signifying that the branch is located in South Australia. 3.

Branch Code: The final three digits form the branch code, which identifies the specific branch within the bank and state. In the provided BSB number, the branch code is 164, indicating the Lockleys branch of Westpac Bank in South Australia.

Interpreting the BSB Number

Breaking down the BSB number (037-164) into its individual components, we can interpret its meaning. Firstly, the bank code (03) tells us that the account belongs to Westpac Bank.

Next, the state code (7) informs us that the branch is located in South Australia. Lastly, the branch code (164) reveals that it corresponds to the Lockleys branch of Westpac Bank in South Australia.

This breakdown allows for quick and accurate identification of the bank, state, and individual branch associated with the BSB number. Consequently, transactions can be efficiently executed, ensuring funds are routed to the intended location.


The PEH system is the backbone of BSB numbers, ensuring their accuracy and functionality within the banking system. It plays a vital role in maintaining up-to-date branch information and verifying the validity of BSB numbers during transactions.

By understanding the structure of BSB numbers and the significance of each digit, account holders can decode and interpret the information provided by a BSB number, facilitating seamless transactions. The PEH system and BSB numbers work in harmony to ensure the efficiency and integrity of the Australian banking system.

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