Bank Code Verified

083-071, BSB Number for National Australia Bank, Melbourne, VIC

BSB Number: 083-071

Bank: National Australia Bank

Financial Institution: NAB

Address: Level 3 330 Collins St

City: Melbourne

State: VIC

Postcode: 3000

System: PEH

Title: The Significance of BSB Numbers and National Australia BankThe world of banking relies on various identification and routing systems to ensure seamless transfers of funds. One such crucial component is the Bank-State-Branch (BSB) number.

In this informative article, we will explore the importance of BSB numbers and delve into the workings of National Australia Bank (NAB) a financial institution at the forefront of Australia’s banking landscape. Topic 1:to BSB Numbers:

At the heart of Australia’s banking system lies the BSB number.

It serves as a vital tool for identification and routing of funds. Each BSB number is unique to a specific financial institution, branch, and its location, enabling precise handling of transactions.

i. Identification: BSB numbers enable accurate identification of banking institutions and branches.

With a combination of six digits, these numbers represent a specific bank division and provide an essential reference point for incoming funds. ii.

Routing: BSB numbers play an integral role in the efficient and secure transmission of funds. When making transfers, the BSB number ensures that the funds are directed to the intended recipient’s branch and account.

This systematic routing minimizes errors and expedites the transaction process. Topic 2: National Australia Bank (NAB):

As one of the leading financial institutions in Australia, NAB has built a reputation for its comprehensive banking services.

Let’s take a closer look at this esteemed establishment. NAB Overview:


Name: National Australia Bank (NAB). 2.

Address: Level 3 330 Collins St, Melbourne, VIC, 3000. 3.

System: Primarily operates on the PEH system. Services Offered by NAB:


Personal Banking: NAB provides a range of personal banking services, including checking and savings accounts, credit cards, loans, and mortgages. With a strong commitment to customer satisfaction, NAB ensures convenience, security, and competitive interest rates for individuals.

ii. Business Banking: NAB caters to the unique needs of businesses, offering tailored financial solutions.

From start-ups to large enterprises, NAB provides services such as business loans, merchant services, cash flow management, and international trade support. iii.

Corporate Banking: NAB serves corporations by providing innovative financial solutions, including debt and capital market services, transaction banking, and specialized industry expertise. NAB’s corporate banking services are designed to support growth and enhance businesses’ overall financial performance.

iv. Wealth Management: NAB offers a comprehensive suite of wealth management services to help individuals and families protect and grow their assets.

These services include financial planning, investment management, superannuation, and insurance solutions. v.

Digital Banking: NAB understands the evolving needs of its customers and provides a secure, user-friendly digital platform. Their online banking services allow seamless account management, fund transfers, bill payments, and access to a range of banking tools.

NAB’s Commitment:

NAB is committed to consistently improving customer experience through innovation and technologically advanced solutions. By prioritizing customer needs, NAB continues to offer reliable and efficient banking services, setting a benchmark for excellence in the industry.


Understanding the significance of BSB numbers and their role in the banking system is essential for anyone involved in financial transactions. Maintaining accuracy and ensuring funds reach the intended recipients’ accounts is the backbone of a well-functioning banking industry.

National Australia Bank, with its comprehensive range of services and commitment to customer satisfaction, continues to be a prominent institution dedicated to meeting the ever-changing financial needs of Australians. Topic 3: PEH System:

When discussing the BSB number provided (083-071) for National Australia Bank (NAB), it is important to mention the PEH system.

PEH stands for Product Enhancement Handling, which is a term used to describe the clearing system utilized by NAB for processing electronic payments. The PEH system plays a significant role in the efficient transfer of funds between accounts and financial institutions.

It ensures that transactions are securely processed, settled, and reconciled within a specific timeframe. By adhering to the regulations and guidelines set by the Reserve Bank of Australia (RBA), the PEH system enables the smooth movement of funds across the banking network.

In relation to the BSB number provided (083-071), the PEH system ensures that when funds are transferred to NAB’s branch located at Level 3, 330 Collins St in Melbourne, VIC 3000, they are efficiently routed to the correct accounts within that branch. The PEH system ensures that the funds are directed accurately and promptly, minimizing delays and potential errors.

Topic 4: Understanding BSB Number Structure:

To fully comprehend the significance of the BSB number (083-071) provided for National Australia Bank, let’s break down its structure and explore the role of each digit within the number. Format and Structure of BSB Numbers:

A BSB number consists of six digits that are separated by a hyphen into groups of three, as shown in the provided number (083-071).

Each digit within the BSB number serves a distinct purpose, aiding in the identification and routing of funds. – First two digits (08): The first two digits of the BSB number represent the bank or financial institution.

In this case, 08 corresponds to National Australia Bank (NAB). These initial digits identify NAB as the recipient of the funds and ensure that they are routed to the correct bank.

– Third digit (3): The third digit typically represents the state or territory where the branch is located. In this case, the number 3 indicates that the NAB branch associated with the BSB number is located in Victoria (VIC).

– Fourth and fifth digits (07): The fourth and fifth digits generally represent the specific branch within the state or territory. For the given BSB number, the digits 07 identify the Level 3, 330 Collins St branch of NAB in Melbourne.

– Sixth digit (1): The final digit, also known as the routing number, is used for internal routing within the branch itself. It ensures that funds are directed to the correct account within the branch.

In this case, the digit 1 identifies the route for internal transfers within the Level 3, 330 Collins St branch. Interpreting the BSB Number (083-071):

By analyzing the provided BSB number (083-071), we can infer that funds transferred to this BSB number will be directed to National Australia Bank (NAB) located at Level 3, 330 Collins St branch in Melbourne, Victoria.

The routing within the branch is determined by the digit ‘1’. This breakdown of the BSB number ensures precision and accuracy in directing funds to the intended recipient within the NAB branch.

It minimizes the risk of funds being misdirected or transferred to the wrong account, ultimately resulting in a reliable and efficient banking experience. Expanding on the topics above elucidates the interrelationship between the BSB number (083-071), the PEH system employed by NAB, and the importance of understanding the structure and significance of each digit within the BSB number.

By comprehending these concepts, individuals can confidently engage in financial transactions, knowing that their funds will be accurately routed and credited to the correct accounts.

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