Bank Code Verified

082-344, BSB Number for National Australia Bank, North Ryde, NSW

BSB Number: 082-344

Bank: National Australia Bank

Financial Institution: NAB

Address: Gnd Lvl UC/2 3 4 225 Herring Rd

City: North Ryde

State: NSW

Postcode: 2113

System: PEHto BSB numbers: The Backbone of Banking

Have you ever wondered how banks ensure that your hard-earned money reaches the right account? Or how they efficiently manage the routing of funds across countless transactions?

The answer lies in a unique identifying code known as the BSB number. In this article, we will demystify BSB numbers, understand their significance in the banking system, and explore how they are used for identification and routing of funds.

Topic 1: BSB Numbers Unveiled

What are BSB Numbers? BSB numbers, or Bank-State-Branch numbers, are a six-digit code used in Australia to identify individual bank branches.

Developed by the Australian Payments Clearing Association (APCA), these numbers play a pivotal role in ensuring accurate and timely processing of financial transactions.

The Significance of BSB Numbers

BSB numbers serve as the backbone of the Australian banking system, facilitating the seamless transfer of funds between accounts. They not only identify the bank branch where an account is held but also help in categorizing accounts for different purposes such as personal, business, or mortgage.

Identification and Routing of Funds

BSB numbers are instrumental in the identification and routing of funds. When you initiate a bank transfer, you are required to provide the BSB number of the recipient’s bank branch.

This number allows the system to identify the exact location of the receiving account and direct the funds accordingly. Furthermore, BSB numbers help speed up the processing of payments by eliminating manual interventions.

By using BSB numbers, banks can automate the routing of funds, reducing the risk of errors and ensuring that your money reaches its intended destination efficiently. Topic 2: National Australia Bank – A Trusted Financial Institution

About National Australia Bank (NAB)

One of the leading financial institutions in Australia, National Australia Bank (NAB) has been serving the needs of customers for over 160 years. With a strong presence across Australia and New Zealand, NAB is known for its comprehensive range of banking and financial services.

Commitment to Customer Satisfaction

NAB prides itself on its customer-centric approach, striving to provide personalized and innovative solutions to meet the diverse needs of individuals, businesses, and communities. By placing the customer at the center of everything they do, NAB has built a reputation for trust and reliability.

Branch Network

With a vast branch network spanning across the country, NAB ensures accessibility and convenience for its customers. The branch at Gnd Lvl UC/2 3 4 225 Herring Rd, North Ryde, NSW 2113, is a testament to NAB’s commitment to serving local communities.

Modern and Efficient Banking Solutions

NAB understands the evolving needs of its customers and offers a wide array of modern and efficient banking solutions. From simple everyday transaction accounts to comprehensive home loan options and tailored business banking services, NAB caters to diverse financial requirements.

The Power of Technology

NAB leverages the power of technology to enhance customer experience and streamline banking processes. With user-friendly mobile banking apps and convenient online platforms, NAB empowers customers to manage their finances on the go, anytime and anywhere.

Commitment to Social Responsibility

NAB is not only focused on financial success but is also committed to making a positive impact on society. Through its corporate social responsibility initiatives, NAB strives to contribute to the communities it serves and address social and environmental challenges.


In conclusion, BSB numbers play a crucial role in the Australian banking system, ensuring accurate identification and efficient routing of funds. Through their unique six-digit codes, BSB numbers enable banks to streamline transactions, minimizing errors and ensuring that your money reaches its intended destination safely and promptly.

National Australia Bank stands as a prominent financial institution that harnesses the power of BSB numbers and technology to provide a diverse range of banking solutions to its customers. With a customer-centric approach and a commitment to social responsibility, NAB continues to be a trusted partner for individuals and businesses, helping them achieve their financial goals.

Topic 3: PEH System – Simplifying Banking Operations

In the world of banking, efficient and secure processing of financial transactions is of utmost importance. This is where the PEH system comes into play.

PEH, which stands for Payments Entry Hub, is a robust electronic system utilized by financial institutions, like the National Australia Bank (NAB), to manage and streamline the processing of payments. In this section, we will delve deeper into the PEH system, understanding its functions, and exploring how it relates to the BSB number provided.

The Role of the PEH System

The PEH system serves as the central gateway for all payments processed by NAB. It acts as a consolidated platform where various types of electronic payments, such as direct credits, direct debits, and fund transfers, are received and processed efficiently.

This system plays a critical role in ensuring that transactions are executed accurately and securely.

The Functions of the PEH System

1. Payment Validation: The PEH system verifies the accuracy of payment instructions, checking for errors or inconsistencies.

It validates whether the BSB numbers provided are correct and correspond to existing bank branches. This ensures that funds are not mistakenly sent to incorrect or non-existent accounts.

2. Error Detection and Correction: In cases where errors are identified, the PEH system promptly alerts the responsible banking institution.

It helps in the correction of errors, preventing disruptions in the payment process and reducing the chances of financial risks. 3.

Routing and Settlement: Once payment instructions are validated and errors are rectified, the PEH system routes the funds securely to the intended recipients. It ensures the smooth flow of funds between different financial institutions and facilitates settlement of transactions within the designated timelines.

4. Compliance and Security: The PEH system incorporates stringent security measures and compliance protocols to safeguard against fraud and unauthorized access.

It adheres to industry standards and regulatory requirements, helping protect the confidentiality and integrity of financial transactions.

The Relationship between the PEH System and BSB Numbers

The PEH system relies heavily on BSB numbers to accurately identify the destination of funds. The BSB number “082-344” provided in the previous section relates directly to the NAB branch located at Gnd Lvl UC/2 3 4 225 Herring Rd, North Ryde, NSW 2113.

The first two digits of the BSB number, “08,” represent the bank code for NAB. This code ensures that the funds are routed correctly to NAB and distinguish it from other financial institutions.

The following two digits, “2-3,” represent the state code, indicating that the branch is located in New South Wales (NSW). In this case, North Ryde is situated within NSW.

Lastly, the final two digits, “44,” represent the specific branch code for NAB North Ryde. This particular code distinguishes the North Ryde branch from other NAB branches within NSW.

When a payment is initiated to the NAB branch at Gnd Lvl UC/2 3 4 225 Herring Rd, the PEH system utilizes the BSB number as a reference point to accurately route the funds to the intended account at that specific branch. This seamless integration between the PEH system and BSB numbers ensures that transactions are processed efficiently, reducing the chances of errors or misrouting.

In conclusion, the PEH system plays a vital role in the efficient processing of financial transactions within the National Australia Bank. It acts as the central hub where payments are validated, errors are detected and corrected, funds are routed securely, and compliance and security measures are enforced.

In conjunction with the BSB number, the PEH system ensures accurate identification and routing of funds, minimizing risks and enhancing the overall banking experience.

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