Bank Code Verified

063-581, BSB Number for Commonwealth Bank, Cheltenham, VIC

BSB Number: 063-581

Bank: Commonwealth Bank

Financial Institution: CBA

Address: Southland Centre Nepean Highway

City: Cheltenham

State: VIC

Postcode: 3192

System: PEHto BSB Numbers: Identifying and Routing funds

In the world of banking, there are many numbers and codes that play a crucial role in ensuring smooth transactions and the secure transfer of funds. One such code is the BSB number.

Short for Bank State Branch number, it serves as a unique identifier for individual branches of banks in Australia. In this article, we will explore what BSB numbers are, their importance in the banking system, and how they are used for the identification and routing of funds.

So, let’s dive in!

What are BSB Numbers? BSB numbers are six-digit numerical codes that are assigned to every bank branch in Australia by the Australian Payments Clearing Association (APCA).

They were introduced in the late 1960s as a means to facilitate electronic funds transfers and streamline the processing of payments. Each BSB number corresponds to a specific bank and branch, helping to differentiate them in the banking system.

Identification and Routing of Funds

BSB numbers play a vital role in identifying and routing funds within the Australian banking system. When you make a payment or transfer money to an individual or business, you provide their BSB number along with their account number.

These two pieces of information, along with your own account details, help in the smooth transfer of funds. 1.


The BSB number acts as a unique identifier for a particular bank branch. It helps in distinguishing one branch from another, even if they share the same bank.

For example, if you want to send money to someone who has an account at the Commonwealth Bank, you need their BSB number to ensure that the funds are sent to the right branch within the bank. Without the BSB number, it may be challenging to identify the specific branch, leading to potential delays or misrouting of funds.

2. Routing:

Once the BSB number has helped identify the correct branch, it also plays a crucial role in routing the funds to the intended recipient.

This is particularly important when it comes to electronic funds transfers, where the process involves multiple intermediaries and clearing houses. The BSB number acts as a routing instruction, ensuring that the funds move seamlessly from one bank to another until they reach the recipient’s account.

Without the BSB number, the funds may end up in the wrong account or get stuck in a complex web of transfers. In essence, BSB numbers are like addresses for bank branches, allowing for accurate identification and routing of funds.

They provide the necessary information to ensure the success and security of electronic transactions.

Using BSB Numbers for Electronic Transactions

BSB numbers are primarily used for electronic transactions, which have become increasingly popular and convenient in today’s digital era. Below, we explore some of the key ways in which BSB numbers are utilized for various electronic transaction types:


Direct Deposits:

When setting up direct deposits, whether it be for your salary, pension, or any other regular payment, you will need to provide your BSB number along with your account number. These details allow the paying entity to route the funds to your account accurately, ensuring timely and hassle-free deposits.

2. Electronic Funds Transfers:

Whether you are paying bills online, transferring money to family or friends, or making a purchase online, BSB numbers play a crucial role in ensuring the secure transfer of funds.

When initiating the transfer, you will need to provide the recipient’s BSB number and account number. These details help the banks and clearing houses involved in the transaction to accurately route the funds to the intended account.

3. International Transfers:

While BSB numbers are primarily used within Australia, there are equivalents in other countries that serve a similar purpose.

For example, in the United States, the Bank Routing Number is used for identification and routing of funds. When sending money internationally, you may need to provide both the recipient’s BSB number and the corresponding international routing number to ensure successful transfer across borders.

Tips for Using BSB Numbers

When using BSB numbers for electronic transactions, there are a few tips to keep in mind to ensure a smooth experience:

1. Double-Check the Details:

When providing BSB numbers and account numbers, always double-check the information to avoid potential errors.

One wrong digit can lead to funds being misrouted or deposited into the wrong account. 2.

Use Reliable Sources:

When searching for the BSB number of a particular bank branch, ensure that you use reliable sources such as the bank’s official website or a trusted banking resource. This helps to avoid any misinformation or outdated details that may cause issues with your transactions.

3. Seek Assistance:

If you are uncertain about a BSB number or have any questions regarding its usage, it is always a good idea to seek assistance from your bank or financial institution.

They will be able to provide you with accurate information and guidance to ensure successful transactions.


BSB numbers are an integral part of the Australian banking system, providing a unique identifier for each bank branch. They play a crucial role in the smooth identification and routing of funds within the electronic banking landscape.

By understanding their importance and how to use them correctly, individuals and businesses can enjoy seamless and secure electronic transactions. So, next time you make a payment or transfer money online, remember the importance of those six digits the BSB number!

PEH System: Connection to BSB Number 063-581

In the world of banking, various systems and codes are used to ensure the smooth transfer of funds and accurate identification of bank branches.

One such system is the Payment Event Handling (PEH) system, which is closely related to the BSB number. In this section, we will explore what the PEH system stands for, how it relates to the BSB number provided (063-581), and the role it plays in the banking system.

What is the PEH System? The Payment Event Handling (PEH) system is a technology platform that allows banks and financial institutions to process and handle payment events in a secure and efficient manner.

It serves as a central hub where incoming and outgoing payments are received, processed, and routed to the appropriate bank branches, facilitating smooth transactions. The PEH system is responsible for receiving payment instructions from various channels, such as online banking platforms, mobile apps, and third-party payment processors.

These instructions include details such as the recipient’s BSB number, account number, and the amount to be transferred. The PEH system then processes the instructions, verifies the required funds, and routes the payments to the specified bank branches for further processing.

Relating the PEH System to BSB Number 063-581

Now, let’s explore how the PEH system relates to the BSB number provided (063-581). The BSB number serves as a crucial piece of information within the PEH system, helping to identify the specific bank branch and ensuring the accurate routing of funds.

The BSB number 063-581 is unique to the Commonwealth Bank branch located in Southland Centre on Nepean Highway in Cheltenham, Victoria. When a payment instruction is received by the PEH system with the BSB number 063-581, the system knows to direct the funds to that specific branch of Commonwealth Bank.

Once the PEH system has identified the correct bank branch using the BSB number, it proceeds to handle the processing and routing of the funds. This involves verifying the account details, checking for sufficient funds, and ensuring compliance with anti-money laundering and fraud prevention measures.

The PEH system then instructs the sending bank to transfer the funds to the designated branch, ensuring a seamless and secure transaction.

The Role of the PEH System in the Banking System

The PEH system plays a crucial role in the overall functioning of the banking system, particularly when it comes to electronic funds transfers. Here are some key roles that the PEH system fulfills:


Efficient Processing: The PEH system allows for the efficient processing of payment events, reducing the time and effort required to handle a large number of electronic transactions. It automates various steps in the process, minimizing manual intervention and ensuring faster transaction times.

2. Secure Fund Transfers: With robust security measures in place, the PEH system helps to ensure the secure transfer of funds between bank branches.

It implements various authentication and encryption protocols to protect sensitive customer data and prevent unauthorized access or fraud. 3.

Error Handling: In the event of errors or exceptions during payment processing, the PEH system is equipped to handle such situations. It can identify and resolve discrepancies, such as incorrect account numbers or insufficient funds, and notify the relevant parties for resolution.

4. Integration with Other Systems: The PEH system is designed to integrate seamlessly with various other systems within the banking infrastructure, such as clearance and settlement systems.

This allows for smoother coordination and faster settlement of funds between banks.

Understanding the Structure of BSB Numbers

Now, let’s delve into the structure of BSB numbers and explore how the given BSB number 063-581 can be broken down and interpreted. BSB numbers follow a specific format that provides information about the bank and branch they represent.

The structure of a BSB number is as follows: XXX-XXX, where the first three digits represent the bank code and the last three digits represent the branch code. 1.

Bank Code (XXX):

The bank code represents the specific bank that the branch is associated with. Each bank in Australia is assigned a unique bank code.

For instance, the Commonwealth Bank has a bank code of 063. 2.

Branch Code (XXX):

The branch code distinguishes one branch of a bank from another. It helps in identifying the specific location or division of a bank.

In the case of BSB number 063-581, the branch code is 581.

Interpreting BSB Number 063-581

Now, let’s interpret the BSB number 063-581 based on its structure and significance of different digits:

1. Bank Code (063):

The bank code 063 corresponds to the Commonwealth Bank.

It is specific to this bank and differentiates it from other banks in Australia. 2.

Branch Code (581):

The branch code 581 indicates a particular branch of the Commonwealth Bank. In this case, the branch is located in the Southland Centre on Nepean Highway in Cheltenham, Victoria.

By breaking down and interpreting the components of the BSB number 063-581, we can identify the unique bank (Commonwealth Bank) and the specific branch (Southland Centre) associated with it. This information is crucial for accurate identification and routing of funds within the banking system.



The PEH system is an important technology platform that facilitates the processing and handling of payment events within the banking system. It is closely connected to BSB numbers, including the provided BSB number 063-581.

The PEH system relies on BSB numbers to identify the specific bank branch and ensure the accurate routing of funds. Understanding the structure of BSB numbers, such as the significance of different digits, allows individuals and businesses to interpret and use them correctly for electronic transactions.

With the integration of the PEH system and accurate usage of BSB numbers, the banking system can function smoothly and securely, enabling seamless financial transactions for all.

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