Bank Code Verified

063-893, BSB Number for Commonwealth Bank, Niddrie, VIC

BSB Number: 063-893

Bank: Commonwealth Bank

Financial Institution: CBA

Address: 433 Keilor Road

City: Niddrie

State: VIC

Postcode: 3042

System: PEHWhen it comes to banking, BSB numbers play a crucial role. These numbers, also known as Bank-State-Branch numbers, are a unique identifier for each branch of a financial institution in Australia.

BSB numbers make it possible for banks to efficiently route funds between different accounts and branches. In this article, we will explore the importance of BSB numbers in the banking system and how they are used for identification and routing of funds.

Topic 1:to BSB numbers

BSB numbers are a six-digit code that represents a specific bank and branch location within Australia. Each number has a specific meaning, with the first two digits representing the bank, and the remaining four digits indicating the branch of that bank.

Identification: BSB numbers are used to identify the bank and branch associated with an account. This identification process helps ensure that funds are transferred accurately and securely.

By using these numbers, banks can avoid any confusion that may arise from similar account numbers or names. Routing of Funds: BSB numbers are essential for routing funds between different accounts and branches.

When a customer initiates a fund transfer or payment, the BSB number helps the banking system determine the correct bank and branch to process the transaction. This ensures that funds reach the intended recipient promptly.

Security: BSB numbers also contribute to the security of banking transactions. By using the correct BSB number, the system can verify the legitimacy of the transaction.

Any discrepancies in the provided BSB number can raise red flags, preventing unauthorized transfers and fraud. Topic 2: Commonwealth Bank

The Commonwealth Bank is one of Australia’s leading financial institutions and is commonly referred to as CBA.

It is easily recognized by its distinctive logo, featuring a yellow and black diamond shape. The Commonwealth Bank operates nationwide, offering a wide range of banking services to individuals, businesses, and institutions.

History: The Commonwealth Bank has a rich history that dates back to 1911 when it was established under the Commonwealth Bank Act. Initially, it was established as a government-owned savings bank, but it has since evolved to become a fully-fledged commercial bank.

Over the years, the Commonwealth Bank has played a critical role in the growth and development of Australia’s banking sector. Services: The Commonwealth Bank offers a comprehensive suite of financial services to meet the needs of its diverse customer base.

These services include personal and business banking, home and personal loans, credit cards, insurance, and investment solutions. With its extensive branch network, customers can access these services conveniently and easily.

Digital Banking: In today’s digital age, the Commonwealth Bank has embraced technology to provide customers with flexible and convenient banking options. Its online and mobile banking platforms allow customers to manage their accounts, make payments, and transfer funds from the comfort of their homes or on the go.

These digital banking services have revolutionized the way customers interact with their finances. Commitment to Community: The Commonwealth Bank is committed to giving back to the community.

It actively participates in various community initiatives, supporting education, health, and environmental causes. Through its charitable foundation, the bank provides funding and resources to organizations that make a positive impact on society.


BSB numbers are critical to the functioning of the banking system in Australia. They serve as unique identifiers for banks and branches, allowing for accurate and secure transfer of funds.

BSB numbers are an essential part of the banking process, providing identification, routing, and security. In addition, financial institutions like the Commonwealth Bank play a vital role in providing a wide range of services to customers.

By embracing technology and contributing to the community, banks like the Commonwealth Bank continue to shape the future of the banking industry and serve as pillars of support for Australians. Topic 3: PEH System

In the world of banking, the PEH system plays a significant role in conjunction with BSB numbers.

PEH stands for Payments Entry Hub, and it is a central processing system used by financial institutions in Australia to handle electronic payments efficiently. This system enables banks to process various types of payments, including direct deposits, transfers, and bill payments.

The PEH system serves as the backbone of the electronic payment infrastructure in Australia. It acts as a hub where BSB numbers and account details are used to route funds accurately and securely.

When a payment is initiated, whether it be through online banking, mobile apps, or other electronic channels, the PEH system plays a crucial role in facilitating the transaction. Once a payment is initiated, the PEH system checks the BSB number provided by the sender.

This BSB number helps the system identify the bank and branch associated with the sender’s account. The PEH system then uses this information to route the funds to the appropriate destination.

The PEH system acts as a gatekeeper, ensuring the accuracy and security of electronic payments. By cross-referencing BSB numbers, the system verifies the legitimacy of the transaction and prevents unauthorized transfers.

This additional layer of security helps protect both the sender and the recipient from fraudulent activity. Overall, the PEH system works hand in hand with BSB numbers to enable seamless electronic payments within the Australian banking system.

It ensures that funds are transferred accurately and securely, providing customers with peace of mind and convenience. Topic 4: Understanding BSB Number Structure

To better understand BSB numbers, it is essential to dive into their structure.

BSB numbers consist of six digits, with each digit serving a specific purpose. The first two digits of the BSB number represent the bank.

For example, in BSB number 063-893, the digits “06” indicate that the bank associated with this number is the Commonwealth Bank. Every bank in Australia has its unique two-digit identifier.

The remaining four digits of the BSB number signify the branch of the bank. In the case of BSB number 063-893, the digits “3893” represent a specific branch of the Commonwealth Bank.

These four digits differentiate one branch from another within the same bank. Each digit within the BSB number has its significance and role in identifying and routing funds.

For instance, the first digit carries the most weight. It represents the state in which the bank is located.

In the case of BSB number 063-893, the first digit “0” indicates that the branch is located in the state of Victoria. The second and third digits provide additional information about the branch, such as the region or district within the state.

These digits help narrow down the location further. In BSB number 063-893, the digit “6” narrows down the branch to a particular area or district within Victoria.

The fourth digit of the BSB number is known as the industry identifier. It specifies whether the account belongs to a bank in general or to a specific industry.

This digit is important when it comes to larger financial institutions that have multiple industry segments. For example, it may differentiate between personal banking, business banking, or other specialized areas.

Finally, the last two digits of the BSB number are known as the branch identifier. These digits help pinpoint a specific branch within the region or district.

In the case of BSB number 063-893, the digits “93” indicate a particular branch of the Commonwealth Bank. By breaking down the BSB number and interpreting each digit’s significance, one can gain valuable insights about the associated bank and branch.

This information is crucial for accurate and secure routing of funds within the banking system. In conclusion, BSB numbers and the PEH system together form the backbone of the banking system in Australia.

BSB numbers serve as unique identifiers for banks and branches, enabling accurate routing of funds. The PEH system leverages these BSB numbers to process electronic payments efficiently while ensuring security and legitimacy.

By understanding the structure and significance of BSB numbers, both customers and financial institutions can navigate the banking system with confidence.

Popular Posts