Bank Code Verified

063-139, BSB Number for Commonwealth Bank, Heidelberg, VIC

BSB Number: 063-139

Bank: Commonwealth Bank

Financial Institution: CBA

Address: 108 Burgundy St

City: Heidelberg

State: VIC

Postcode: 3084

System: PEHto BSB Numbers: Understanding the Backbone of Banking

In the world of banking, there are many numbers and codes that play a crucial role in ensuring smooth transactions and seamless fund transfers. One such set of numbers is the BSB number.

BSB, which stands for Bank State Branch, is a unique identifying code assigned to each branch of a bank in Australia. These numbers, though seemingly simple, serve as an integral part of the banking system, facilitating the identification and routing of funds.

In this article, we will explore the importance of BSB numbers and how they are used in the banking system. Topic 1:to BSB numbers

BSB numbers are a six-digit code that uniquely identifies each specific branch of a bank in Australia.

This code was introduced in the 1960s as part of the automated banking system, and it has since become a crucial element in the banking infrastructure. 1.1 The importance of BSB numbers

BSB numbers serve a variety of purposes in the banking system, including but not limited to:

1.2 Identification of banks and branches

With hundreds of banks and thousands of branches across Australia, it would be impossible to keep track of each one without a standardized identification system.

BSB numbers solve this problem by assigning a unique code to each bank and branch, making it easier for both customers and banks to identify and refer to specific branches during transactions. 1.3 The routing of funds

When you make a transaction, whether it’s a payment, transfer, or direct deposit, the BSB number plays a crucial role in ensuring that the funds are routed to the correct branch and account.

By including the BSB number along with the account number of the recipient, the banking system can accurately direct the funds to the intended destination. 1.4 Handling international transactions

BSB numbers are primarily used for domestic transactions within Australia.

However, when it comes to international transactions, such as wiring money to another country, BSB numbers are not applicable. Instead, other systems, such as SWIFT codes or IBAN numbers, are used to facilitate these transactions.

Topic 2: Commonwealth Bank – A Leader in the Australian Banking Industry

Among the many banks that operate in Australia, the Commonwealth Bank stands out as one of the largest and most reputable institutions. Here, we will take a closer look at the Commonwealth Bank, its history, services, and its role in the Australian banking landscape.

2.1 History of the Commonwealth Bank

The Commonwealth Bank was established in 1911 as a government-owned institution, with the aim of providing accessible banking services to all Australians. Over the years, it has grown exponentially, expanding its range of services and becoming a vital pillar of the Australian economy.

2.2 Services provided by the Commonwealth Bank

The Commonwealth Bank offers a wide range of services, catering to both personal and business banking needs. Some of the key services provided by the Commonwealth Bank include:

– Savings and transaction accounts: The bank offers various types of accounts to suit different needs, including everyday transaction accounts, high-interest savings accounts, and term deposits.

– Loans and mortgages: Whether you’re looking to buy a home, invest in property, or start a business, the Commonwealth Bank provides a range of loan options to suit your needs. – Credit cards: The bank offers a variety of credit card options, including reward programs, low-interest cards, and balance transfer options.

– Insurance and wealth management: The Commonwealth Bank provides insurance products, such as home and car insurance, as well as investment and financial planning services. 2.3 Role of the Commonwealth Bank in the Australian banking landscape

Being one of the largest banks in Australia, the Commonwealth Bank plays a critical role in the country’s banking landscape.

Its extensive network of branches and ATMs, along with its innovative digital banking platforms, ensures that customers from all corners of Australia have access to banking services. Furthermore, the Commonwealth Bank’s involvement in community initiatives and support for various social and environmental causes further solidify its position as a responsible and socially conscious institution.


BSB numbers, though seemingly insignificant, are a vital component of the banking system in Australia. They provide a standardized identification and routing system, ensuring that funds are efficiently transferred between accounts.

The Commonwealth Bank, with its rich history and comprehensive range of services, exemplifies the importance and impact of the banking industry in Australia. By understanding these essential components of banking, we gain insights into how our monetary transactions are facilitated and secured.

Topic 3: PEH System – Simplifying Banking Processes

In the world of banking, efficiency and accuracy are of utmost importance. To ensure seamless transactions and smooth fund transfers, banks have adopted various systems and technologies to streamline their processes.

One such system is the PEH, which stands for Payments and Electronic Hub. In this section, we will delve into what the PEH system entails and how it relates to the BSB number provided.

3.1to the PEH System

The PEH system is an advanced electronic processing system that enables the efficient transfer of funds between banks and financial institutions in Australia. It serves as a hub for various electronic payment methods, including direct debit, credit transfers, and direct credits.

The introduction of the PEH system has revolutionized banking processes, making transactions faster, more secure, and more convenient for both customers and financial institutions. 3.2 How the PEH System Relates to the BSB Number Provided

The BSB number provided, 063-139, plays a crucial role in facilitating electronic transactions within the PEH system.

By including the BSB number in transaction details, the system can accurately route funds to the correct financial institution and branch. When initiating a transaction through the PEH system, the sender is required to provide the recipient’s BSB number, along with their account number.

The BSB number serves as the key element in identifying the destination bank and branch. The PEH system utilizes the BSB number to route the funds to the appropriate financial institution, ensuring a secure and accurate transfer.

The PEH system operates in real-time, allowing for instantaneous fund transfers between banks and financial institutions. This eliminates the need for manual processing and reduces the risk of errors or delays associated with traditional paper-based methods.

By leveraging technology and the BSB number as a unique identifier, the PEH system has significantly improved the efficiency and reliability of electronic payments in Australia. Topic 4: Understanding BSB Number Structure – Decoding the Digits

The BSB number, consisting of six digits, follows a specific format and structure.

Each digit within the BSB number holds significance and provides valuable information about the bank and branch it represents. Let’s break down the structure of the BSB number provided, 063-139, and understand its interpretation.

4.1 BSB Number Format

The BSB number follows a 3-3 structure, where the first three digits represent the bank code, and the next three digits represent the branch code. In the case of 063-139, 063 indicates the bank code, while 139 represents the branch code.

4.2 Interpretation of the BSB Number

4.2.1 Bank Code (Digits 1-3)

The bank code, represented by the first three digits of the BSB number, signifies the specific bank associated with the branch. In the case of 063-139, the bank code 063 corresponds to the Commonwealth Bank.

4.2.2 Branch Code (Digits 4-6)

The branch code, represented by the last three digits of the BSB number, denotes the particular branch within the bank. In this instance, the branch code 139 refers to the Heidelberg branch of the Commonwealth Bank.

Combining the bank code and branch code, we can determine that the BSB number 063-139 corresponds to the Commonwealth Bank branch located at 108 Burgundy St, Heidelberg, VIC 3084. The BSB number structure ensures that each financial institution and branch has a unique identifier, simplifying the routing and identification of funds within the banking system.

This standardized structure enhances the efficiency and accuracy of electronic transactions, reducing errors and streamlining the transfer process. Conclusion:

The PEH system, along with the BSB number, forms the backbone of the banking system in Australia.

The PEH system revolutionizes electronic transactions by providing a hub for efficient fund transfers. The BSB number, on the other hand, serves as a unique identifier for banks and branches, enabling accurate routing of funds within the PEH system.

By understanding the significance of the BSB number structure and its relationship with the PEH system, we gain insights into the seamless and secure transfer of funds in the world of banking.

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