Bank Code Verified

064-804, BSB Number for Commonwealth Bank, Cairns, QLD

BSB Number: 064-804

Bank: Commonwealth Bank

Financial Institution: CBA

Address: 76 Lake Street

City: Cairns

State: QLD

Postcode: 4870

System: PEHThe Importance of BSB Numbers in the Banking System

In the vast world of banking, BSB numbers play a crucial role in identification and routing of funds. These numbers, unique to each financial institution, allow for seamless transactions between banks, ensuring that your money reaches the intended destination efficiently and securely.

In this article, we will delve into the importance of BSB numbers, how they are used for identification and routing of funds, and focus on the Commonwealth Bank as a prominent example. Topic 1:to BSB numbers

BSB numbers, or Bank-State-Branch numbers, serve as a critical component of the Australian banking system.

This six-digit numerical code is used to identify individual banks and branches, enabling accurate and efficient routing of funds during transactions. Each BSB number corresponds to a specific financial institution, with the first two digits representing the bank code, the following two digits representing the state code, and the final two digits indicating the branch code.

Importance of BSB numbers in the banking system

1. Identification: BSB numbers uniquely identify each financial institution, making it easier to distinguish one bank from another.

This ensures that the correct recipient receives the funds, preventing any confusion or misdirection. 2.

Routing of funds: BSB numbers facilitate the smooth transfer of funds between banks. They act as a compass, directing money from the sender’s bank to the receiver’s bank, all the way to the intended branch.

This process is streamlined, secure, and fast, thanks to the accuracy of BSB numbers. 3.

Compliance: BSB numbers also play a crucial role in adhering to regulatory and compliance standards in the banking industry. They help monitor and track financial transactions, ensuring transparency and accountability.

Using BSB numbers for identification and routing of funds

1. Sending money: When sending funds to another bank account, knowing the recipient’s BSB number is essential.

This number, combined with the recipient’s account number, ensures that the money is directed to the intended account. Incorrect BSB numbers may result in bounced transactions or delays in processing.

2. Direct debits and automatic payments: Many individuals and businesses set up direct debits and automatic payment arrangements.

BSB numbers are required to establish these automatic transactions, allowing for seamless and hassle-free payment processes. 3.

Electronic funds transfers: BSB numbers are a vital component of electronic funds transfers (EFTs). Whether it’s a one-time payment or recurring transactions, BSB numbers facilitate the effortless movement of money between accounts, regardless of the banks involved.

Topic 2: Commonwealth Bank

The Commonwealth Bank, also known as CBA, is one of Australia’s leading financial institutions. With a rich history spanning over a century, CBA has evolved to become a trusted name in the banking industry, serving millions of customers nationwide.

Background of Commonwealth Bank (CBA)

1. Establishment: The Commonwealth Bank was established in 1911 with the goal of providing accessible and affordable banking services to all Australians.

It was initially owned by the Australian government and served as the country’s central bank until the Reserve Bank of Australia took over that role in 1960. 2.

Growth and innovation: Over the years, CBA has grown exponentially, expanding its services and introducing innovative banking solutions. It has embraced technological advancements to stay ahead of the curve and provide customers with convenient and modern banking experiences.

Services offered by Commonwealth Bank

1. Everyday banking: CBA offers a range of everyday banking services, including savings accounts, transaction accounts, and debit cards.

Customers can access their funds conveniently through branches, ATMs, online banking, and mobile banking applications. 2.

Loans and mortgages: CBA provides various loan options, such as home loans, personal loans, and car loans, tailored to meet the diverse financial needs of customers. These loans come with competitive interest rates and flexible repayment options.

3. Investment services: The bank offers investment solutions to help customers grow their wealth.

From managed funds to term deposits, CBA provides individuals with a range of investment options, coupled with expert advice from financial specialists. 4.

Insurance: CBA offers a wide range of insurance products, including home and contents insurance, car insurance, travel insurance, and life insurance. These products provide customers with peace of mind, protecting their assets and loved ones in times of need.


BSB numbers are a fundamental aspect of the Australian banking system, enabling accurate identification and efficient routing of funds. Understanding how BSB numbers work and their importance in banking processes is crucial for seamless transactions.

Additionally, the Commonwealth Bank has established itself as a reputable financial institution, providing a range of services to cater to the diverse needs of its customers. By embracing innovation and ensuring customer satisfaction, the bank continues to play a significant role in shaping Australia’s banking landscape.

Topic 3: PEH System

The PEH system stands for Payment and Clearing Exchange Hub. It is a centralized system operated by the Reserve Bank of Australia (RBA) that facilitates the clearing and settlement of electronic funds transfers (EFTs) between financial institutions.

The PEH system plays a crucial role in ensuring the efficient and secure transfer of funds, and it is closely related to the BSB number provided. The PEH system acts as a central hub that connects different banks and financial institutions to facilitate the exchange of funds.

When a customer initiates an electronic funds transfer, whether it’s a payment, direct debit, or automatic payment, the funds are routed through the PEH system. The system validates the transaction details, including the BSB number, account number, and payment amount, and ensures that the funds are transferred accurately and securely.

The BSB number is an integral part of the PEH system as it helps identify the financial institution and the specific branch associated with the recipient’s account. When a payment is initiated, the BSB number is used to route the funds from the sender’s bank to the recipient’s bank through the PEH system.

The system relies on the accuracy of the BSB number to ensure that the funds reach the intended destination without any delays or errors. The PEH system operates on a real-time basis, meaning that funds are transferred electronically between banks almost instantly.

This allows for faster transaction processing and provides customers with immediate access to their funds. The system processes millions of transactions every day, ensuring the smooth functioning of Australia’s financial system.

Topic 4: Understanding BSB Number Structure

The structure of a BSB number consists of six digits, with each digit serving a specific purpose in identifying the bank, state, and branch. Let’s break down the BSB number 064-804 provided for the Commonwealth Bank and analyze its components.

1. Bank Code: The first two digits of the BSB number, 06, represent the bank code.

In this case, 06 corresponds to the Commonwealth Bank. Each financial institution in Australia is assigned a unique bank code to distinguish it from other banks.

2. State Code: The next two digits, 4-8, represent the state code.

In this example, 4 indicates Queensland (QLD), where the branch associated with this BSB number is located. Each state and territory in Australia is assigned a specific code for easy identification and routing of funds.

3. Branch Code: The final two digits, 04, signify the branch code.

This code helps identify the specific branch within the Commonwealth Bank’s network. Different branches of a bank usually have different BSB numbers to ensure accurate routing of funds to the intended branch.

By breaking down the BSB number 064-804, we can interpret that it corresponds to the Commonwealth Bank, located in Queensland, with the specific branch associated with the code being 04. Understanding the structure and significance of different digits within a BSB number is essential for ensuring accurate and seamless transactions.

By correctly inputting the BSB number when initiating a payment or transfer, customers can ensure that their funds reach the intended recipient without any delays or errors. In conclusion, the PEH system and BSB numbers are closely intertwined in the Australian banking system.

The PEH system acts as a centralized hub that facilitates the clearing and settlement of electronic funds transfers, while BSB numbers play a vital role in identifying financial institutions and routing funds accurately. By understanding the structure of BSB numbers and their significance, customers can ensure smooth and efficient transactions, while the PEH system guarantees the secure and timely transfer of funds between banks.

These systems work together to maintain the integrity and functionality of Australia’s banking system.

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