Bank Code Verified

064-778, BSB Number for Commonwealth Bank, Brisbane, QLD

BSB Number: 064-778

Bank: Commonwealth Bank

Financial Institution: CBA

Address: (NBFI Agency to 064-000)

City: Brisbane

State: QLD

Postcode: 4000

System: E_x000D_to BSB numbers: The Backbone of Banking

In our modern world, where money flows electronically and transactions happen in the blink of an eye, it is easy to take for granted the systems that make it all possible. Behind the scenes, there is a complex network of numbers and codes that ensure funds are routed efficiently and accurately.

One such system is the Bank State Branch (BSB) number, a unique identifier that plays a vital role in the Australian banking system. Topic 1:to BSB numbers

What are BSB numbers, and why are they important?

The Bank State Branch (BSB) number is a six-digit code used in Australia to identify individual banks and branches. It acts as an address, enabling funds to be routed correctly between financial institutions.

Every bank and branch has its own BSB number, making it possible to make precise electronic transfers. BSB numbers serve several crucial functions within the banking system.

Firstly, they identify the financial institution, such as a bank or credit union, associated with a particular account. This ensures that funds are sent to the correct organization.

Secondly, BSB numbers enable funds to be routed to the appropriate branch within that institution, ensuring that the money ends up in the right place. Without BSB numbers, transferring funds from one account to another would be a chaotic and error-prone process.

How do BSB numbers work? Let’s break down a BSB number to understand how it works.

The first two digits represent the bank or financial institution, while the third digit indicates the state or territory in which the branch is located. The last three digits specify the unique branch identifier.

For example, let’s analyze the BSB number 064-778. The first two digits, 06, identify the Commonwealth Bank.

The third digit, 4, indicates that the branch is located in Queensland. Finally, the last three digits, 778, differentiate this particular branch from others within the Commonwealth Bank.

BSB numbers are primarily used for electronic fund transfers, such as direct deposits, bill payments, and online transactions. When you initiate a transfer, either online or through a physical bank branch, you will be asked to provide the recipient’s BSB number along with their account number.

This information allows the sending bank to route the funds accurately to the intended recipient. Additionally, BSB numbers are used for various administrative purposes.

They are essential for record-keeping, audits, and the efficient management of banking systems. By using BSB numbers, financial institutions can quickly retrieve and process transaction information, trace funds, and resolve any issues that may arise.

Topic 2: Commonwealth Bank

The Commonwealth Bank of Australia, commonly referred to as CBA, is one of the largest and most well-established banks in Australia. With a rich history dating back to 1911, the Commonwealth Bank has played a significant role in the country’s financial development.

What sets the Commonwealth Bank apart? As one of Australia’s big four banks, the Commonwealth Bank stands out for several reasons.

Firstly, it boasts an extensive network of branches and ATMs across the country, making it accessible to customers in both urban and rural areas. This wide reach ensures that customers can conveniently access banking services no matter where they are located.

Furthermore, the Commonwealth Bank offers a comprehensive range of products and services to cater to various financial needs. From everyday banking solutions, such as personal and business accounts, to more complex offerings like investment options and home loans, the bank strives to meet the diverse requirements of its customers.

In recent years, the Commonwealth Bank has embraced technology and innovation, recognizing the changing needs and preferences of its customers. The bank’s user-friendly online and mobile banking platforms have revolutionized the way customers interact with their finances, offering convenience and accessibility at their fingertips.

The Commonwealth Bank also places a strong emphasis on customer service. With a dedicated team of professionals, the bank aims to provide personalized assistance and support to its customers, ensuring a positive banking experience.


In conclusion, Bank State Branch (BSB) numbers are the backbone of the Australian banking system. These unique six-digit codes enable funds to be routed accurately between financial institutions, ensuring secure and efficient electronic transfers.

BSB numbers play a vital role in identifying banks and branches, facilitating seamless transactions, and maintaining the integrity of the banking system. The Commonwealth Bank, with its extensive network, comprehensive product offerings, and customer-centric approach, stands as a cornerstone of the Australian financial landscape.

With its commitment to innovation and service excellence, the Commonwealth Bank continues to shape the future of banking in Australia. Topic 3: E System: Enabling Efficient Electronic Transfers

In the digital age, where convenience and speed are paramount, the banking industry has undergone a significant transformation.

Traditional paper-based transactions have been replaced by electronic systems that allow funds to be transferred quickly and securely. One such system is the E System, which is closely related to the BSB number provided.

What does the E System stand for? The E System, also known as the Electronic Funds Transfer (EFT) system, is a technology-driven framework that enables electronic transfers between financial institutions.

It allows individuals and businesses to send and receive funds electronically, reducing the need for physical cash or checks. The E System has revolutionized the speed and efficiency of financial transactions, making it a critical component of the modern banking system.

How does the E System relate to the BSB number? The E System and BSB numbers are intertwined, working together seamlessly to facilitate electronic transfers.

When initiating a transfer, the sender is required to provide the recipient’s BSB number, along with their account number. This information acts as the address, ensuring that the funds are routed accurately to the intended recipient.

The E System utilizes the BSB number to determine the financial institution associated with the recipient’s account. This enables the funds to be directed to the correct bank and branch, eliminating the possibility of misdirected payments.

The E System’s ability to integrate with BSB numbers ensures that electronic transfers are not only swift but also reliable and secure. Moreover, the E System supports various types of electronic transfers.

Whether it’s a direct deposit from an employer, an online bill payment, or a peer-to-peer transfer, the E System leverages the BSB number to facilitate seamless and accurate transactions. Topic 4: Understanding BSB Number Structure: The Key to Identifying Banks and Branches

The BSB number structure follows a specific format that contains valuable information about the bank and branch to which it corresponds.

It consists of six digits, each serving a specific purpose in identifying the financial institution and branch. The first two digits of the BSB number indicate the bank or financial institution.

In the case of the given example, BSB number 064-778, the first two digits, 06, identify the Commonwealth Bank. This reveals that the account in question is affiliated with the Commonwealth Bank.

The third digit of the BSB number represents the state or territory in which the branch is located. For the BSB number 064-778, the third digit, 4, signifies that the branch is in Queensland.

This allows for further geographic identification of the branch’s location. The last three digits of the BSB number serve as a unique branch identifier.

In the example provided, the last three digits, 778, differentiate this particular branch from others within the Commonwealth Bank. The combination of these three digits ensures that funds are routed accurately to the specific branch associated with the BSB number.

Moreover, the BSB number structure allows for scalability and efficiency within the banking system. As financial institutions open new branches or close existing ones, they are allocated unique BSB numbers to maintain individual branch identification.

This ensures that each branch operates independently, while still being connected to the larger banking network through the BSB system. Interpreting the given BSB number, 064-778, we can gather that it belongs to the Commonwealth Bank, with the associated branch located in Queensland.

This information, when paired with the recipient’s account number, allows the E System to direct funds precisely to the intended branch within the Commonwealth Bank. Understanding the BSB number structure not only helps customers ensure the accurate routing of funds but also enables financial institutions to efficiently manage their operations.

By efficiently identifying banks and branches, the BSB system supports seamless electronic transfers, providing peace of mind to both senders and recipients. In conclusion, the E System and the BSB number work in harmony to enable efficient electronic transfers within the Australian banking system.

The E System leverages the BSB number as an address to accurately direct funds between financial institutions, while the BSB number structure provides vital information about the bank and branch associated with an account. Together, these systems ensure the speed, accuracy, and security of electronic transactions, shaping the way we bank in the digital age.

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