Bank Code Verified

082-754, BSB Number for National Australia Bank, Penrith, NSW

BSB Number: 082-754

Bank: National Australia Bank

Financial Institution: NAB

Address: Level 1 295 High St

City: Penrith

State: NSW

Postcode: 2750

System: PEHto BSB numbers: Explaining the Essential role in the banking system

Have you ever wondered what those confusing series of numbers are when you transfer money to someone? Those numbers, my friends, are called BSB numbers, and they play a crucial role in the banking system.

In this article, we will delve into what BSB numbers are, why they are important, and how they are used for identification and routing of funds. So, let’s dive right in!

What are BSB numbers?

BSB stands for Bank State Branch. It is a unique six-digit number that identifies individual branches of financial institutions in Australia.

Think of it as a branch’s address or a GPS coordinate, directing funds to the correct destination.

The importance of BSB numbers in the banking system

BSB numbers are vital for the smooth functioning of the banking system. They ensure that funds reach the intended recipient accurately and efficiently.

Without BSB numbers, money transfers would be chaotic and prone to errors. BSB numbers also help financial institutions keep track of transactions and organize their records effectively.

Identification and routing of funds using BSB numbers

1. Sending and receiving money within the same bank:

When you transfer money within the same bank, the BSB number is used to identify the recipient’s branch.

This ensures that the funds are routed internally to the correct branch, even if the account number is the same across branches. 2.

Sending money to a different bank:

If you need to transfer money to someone who has an account with a different bank, the BSB number becomes even more crucial. In this case, the BSB number identifies both the recipient’s bank and their specific branch.

It enables the sender’s bank to route the funds accurately and securely to the correct bank branch. 3.

International money transfers:

Even when transferring money internationally, BSB numbers come into play. In these cases, intermediary banks are involved in the transaction process.

The BSB number helps these intermediary banks identify the recipient’s bank and branch, ensuring that the funds are delivered properly. 4.

Account verification:

BSB numbers are also used to verify the accuracy of an account number. By cross-checking the BSB number with the account number provided, the bank can ensure that the correct recipient is being credited.

How to find a BSB number? If you ever need to find a BSB number, there are several ways to do so:


Online banking:

Most banks provide their customers with online banking platforms where they can find BSB numbers easily. Simply log in to your online banking account, navigate to the relevant section, and search for the BSB number of the desired branch.

2. Bank statement:

If you receive bank statements, the BSB number of your branch is often listed on it.

3. Bank branch:

You can also visit your bank branch and ask a staff member for the BSB number you need.

They will be more than happy to provide you with the necessary information.


BSB numbers are essential for the efficient and accurate transfer of funds within the banking system. They ensure that money reaches the intended recipient promptly and securely.

Understanding how BSB numbers work and how to find them will help you navigate the banking system with ease. So, next time you come across those mysterious digits, remember the importance they hold and how they facilitate seamless financial transactions.

Topic 3: PEH System – A Key Component of the Australian Banking Network

In the vast landscape of the Australian banking system, there are numerous systems and processes that work together to ensure smooth and efficient financial transactions. One of these integral components is the PEH system.

In this section, we will explore what the PEH system stands for, its relationship to BSB numbers, and why it is crucial for seamless banking operations. PEH stands for Payment Environment Hosting, and it is a system developed by the Australian Payments Network (APC) to facilitate the secure and reliable transfer of funds within the Australian banking network.

The PEH system acts as a central hub that connects financial institutions, enabling them to communicate and process transactions seamlessly. So, how does the PEH system relate to the BSB number provided?

Well, every financial institution that operates within the Australian banking network is assigned a unique BSB number. This BSB number is like a fingerprint, identifying each branch of a financial institution.

When a transaction is initiated, the BSB number acts as a crucial piece of information that helps the PEH system route the funds correctly. When a sender initiates a transaction, their bank uses the BSB number provided by the recipient to determine the recipient’s financial institution and branch.

The sender’s bank then communicates with the PEH system, transmitting the necessary information, including the BSB number, to facilitate the transfer of funds. The PEH system, with its comprehensive database of BSB numbers, acts as a gateway between financial institutions.

It ensures that every transaction is accurately routed to the recipient’s designated branch, even if the sender and recipient are customers of different banks. Topic 4: Understanding BSB Number Structure – The Code Behind the Numbers

BSB numbers may appear complex at first glance, but upon closer inspection, they follow a specific format and structure that holds vital information.

Let’s delve into the structure of BSB numbers and decipher the meaning behind each digit. A BSB number is a six-digit code consisting of three pairs of numbers.

Each pair has a distinct significance within the BSB structure. The first two digits represent the bank code, which identifies the financial institution.

In the BSB number 082-754, the bank code “08” corresponds to the National Australia Bank (NAB), indicating that this particular branch belongs to NAB. The third and fourth digits make up what is known as the state code.

In this case, “27” represents New South Wales (NSW), where the branch is located in Penrith. The fifth and sixth digits are the branch code, which identifies the specific branch of the financial institution.

In the example BSB number, “54” identifies the branch located on Level 1, 295 High St, in Penrith. Understanding the structure of BSB numbers allows us to interpret the given BSB number (082-754) as follows:

– 08: National Australia Bank (NAB)

– 27: New South Wales (NSW)

– 54: Level 1, 295 High St, Penrith branch

By breaking down the BSB number and analyzing its different components, we gain valuable insight into the financial institution, the state it is located in, and the specific branch we are dealing with.

In summary, BSB numbers play a vital role in the Australian banking system, allowing for the efficient routing of funds between financial institutions. The PEH system acts as a central hub, utilizing BSB numbers to ensure seamless communication and secure transactions.

Understanding the structure and significance of BSB numbers enables us to navigate the banking system with confidence and clarity. So the next time you encounter a BSB number, remember the power it holds in facilitating the movement of money across the country.

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