Bank Code Verified

083-166, BSB Number for National Australia Bank, Camberwell, VIC

BSB Number: 083-166

Bank: National Australia Bank

Financial Institution: NAB

Address: 566 Burke Rd

City: Camberwell

State: VIC

Postcode: 3124

System: PEHto BSB Numbers: The Backbone of the Banking System

When it comes to banking, there are numerous intricate systems and processes working behind the scenes to ensure smooth transactions and the safe transfer of funds. One such crucial component is the BSB number.

While it may seem like a simple combination of numbers, BSB numbers play a vital role in the identification and routing of funds within the banking system. What are BSB Numbers?

BSB, or Bank State Branch, numbers are unique identifying codes assigned to each individual branch of a financial institution in Australia. This six-digit number serves as a way to differentiate between different branches of the same bank.

BSB numbers were first introduced in the late 1960s as a system to simplify the processing of checks. Over time, their significance has grown as electronic banking methods became more prevalent.

The Importance of BSB Numbers in the Banking System

One may wonder why BSB numbers are necessary when we have bank account numbers and the account holder’s name. The answer lies in the complexity of the banking system and the need for accurate and efficient routing of funds.

BSB numbers provide an added layer of accuracy and verification, ensuring that funds reach their intended recipients without error.

Identification and Routing of Funds

When you initiate a transaction, whether it’s a transfer of funds from one account to another or the payment of a bill, your bank relies on BSB numbers to correctly identify the recipient’s branch and ensure the funds are routed accordingly. BSB numbers act as a sort of postal code for the banking system, helping banks determine the destination of funds.

Let’s take a closer look at how BSB numbers are used for identification and routing of funds:

1. Internal Routing: When you make a transaction within the same financial institution, such as transferring funds between two accounts held at the same bank, the BSB number helps the bank identify the specific branch responsible for processing the transaction.

This ensures that the funds are routed internally, without the need for external intervention. 2.

Interbank Transactions: When you transfer funds to an account held at a different financial institution, BSB numbers play a vital role in accurate routing. Your bank will use the BSB number provided by the recipient to identify the corresponding financial institution as well as the specific branch.

This information is crucial for ensuring seamless interbank transactions. 3.

Electronic Payments: In the digital age, electronic payments have become increasingly popular. BSB numbers are essential for these transactions as well.

When you set up a direct debit or use electronic bill payment services, your bank relies on the BSB number to ensure that the funds reach the correct recipient. Without the BSB number, errors in routing may occur, leading to delayed or failed transactions.

4. Check Processing: Although checks are becoming less common in today’s digital world, BSB numbers are still relevant for check processing.

When you write a check, the BSB number helps the receiving bank identify the branch where the check should be processed. This ensures that the funds are debited from your account and transferred to the correct branch for payment.

By incorporating BSB numbers into the banking system, financial institutions can streamline transaction processing, reduce errors, and enhance the overall efficiency of the system. These numbers provide a standardized format for identification and routing, ensuring that funds reach their intended destination securely and promptly.


In conclusion, BSB numbers are a fundamental part of the banking system in Australia. They are unique identifying codes assigned to individual branches of financial institutions and play a crucial role in accurately routing funds.

By understanding the importance of BSB numbers and how they are used for identification and routing, we can appreciate the role they play in ensuring smooth financial transactions. So, the next time you initiate a payment or transfer, remember that behind those six digits lies a sophisticated system that ensures your funds are delivered safely to their intended recipient.

Topic 3: PEH System: A Closer Look at Australia’s Payment, EFTPOS, and the House System

In the world of banking, the use of acronyms is quite common. One such acronym is the PEH system.

PEH stands for Payment, EFTPOS, and the House System, and it plays a crucial role in the smooth processing of financial transactions in Australia. So, how does the PEH system relate to the BSB (Bank State Branch) number provided?

Understanding the PEH System

The Payment, EFTPOS, and House System, commonly known as the PEH system, is an interconnected network that facilitates various types of financial transactions in Australia. It ensures the seamless transfer of funds between financial institutions, merchants, and individuals.

Payment System: The payment system refers to the infrastructure and processes that enable various payment methods, such as electronic funds transfers, direct debits, and mobile payments. It encompasses both interbank and intrabank transactions.

EFTPOS: Standing for Electronic Funds Transfer at Point of Sale, EFTPOS is the system that allows electronic payment transactions to be made at retail outlets using debit and credit cards. The EFTPOS system is widely used in Australia and has become an integral part of the country’s payment landscape.

House System: The house system refers to the central clearinghouses operated by financial institutions, such as the Reserve Bank of Australia and the Australian Payments Network (AusPayNet). These clearinghouses serve as intermediaries, settling and reconciling payments between different financial institutions.

Relating the PEH System to BSB Numbers

Now, you may be wondering how BSB numbers, such as the one provided (083-166), relate to the PEH system. BSB numbers play a significant role in identifying the specific branch of a financial institution, which is essential for routing funds accurately within the payment system.

When a transaction is initiated, the BSB number is used by the originating bank to identify the corresponding branch responsible for processing the transaction. This is done through the PEH system, which ensures that the funds are directed to the correct branch for further processing and forwarding to the recipient’s account.

The BSB Number Structure: Breaking It Down

To fully understand the significance of a BSB number, let’s break down the structure of the number and explore its different components. A BSB number consists of six digits, arranged in a specific format: ABC-DEF.

The first two digits (AB) represent the bank code, identifying the financial institution where the account is held. In the case of the BSB number provided (083-166), the bank code is 08, indicating that the account is associated with the National Australia Bank (NAB).

The following two digits (CD) represent the state code, indicating the state or territory where the branch is located. For example, the state code for Victoria is 31.

Consequently, the BSB number 083-166 is associated with a National Australia Bank branch located in Camberwell, Victoria (VIC). The last two digits (EF) are referred to as the branch code, signifying the specific branch within the given state.

In our provided BSB number, the branch code is 16, indicating the branch’s unique identity within the National Australia Bank. So, when a transaction is initiated with a BSB number, the first two digits are used to identify the bank, the next two digits identify the state, and the last two digits identify the branch.

This information is then utilized within the PEH system to route the funds accurately to the intended recipient.


In the world of Australian banking, the PEH system plays a vital role in ensuring the smooth processing of financial transactions. Through the Payment, EFTPOS, and House System, funds are seamlessly transferred between financial institutions, merchants, and individuals.

BSB numbers, on the other hand, provide the necessary identification and routing information within this system, indicating the specific bank, state, and branch associated with an account. So, the next time you use a BSB number for a transaction, remember that it is an integral part of Australia’s banking infrastructure, working hand in hand with the PEH system to keep the wheels of the financial system turning.

Popular Posts