Bank Code Verified

105-937, BSB Number for BankSA, Adelaide, SA

BSB Number: 105-937

Bank: BankSA

Financial Institution: BSA

Address: 3/97 King William Street

City: Adelaide

State: SA

Postcode: 5000

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

In the vast world of banking, there are various numbers and codes that play a crucial role in ensuring smooth financial transactions. One such number is called a BSB number, which stands for Bank State Branch.

A BSB number is a unique identifier assigned to each individual bank branch in Australia. This article aims to provide an in-depth understanding of what BSB numbers are, their importance in the banking system, and how they are used for identification and routing of funds.

Importance of BSB Numbers

BSB numbers are essential in the banking system as they facilitate the accurate and secure transfer of funds between various financial institutions. They act as a key identifier for both banks and customers, ensuring that transactions are directed to the correct branch and account.

Without BSB numbers, the banking system would be chaotic, with funds floating without a clear destination.

Identification and Routing of Funds

BSB numbers serve as a unique identification code for each bank branch. When initiating a fund transfer, the sender must specify the recipient’s BSB number along with their account number.

This combination ensures that the funds are routed to the correct branch and ultimately, the intended account. To understand the process in more detail, let’s imagine that John wants to transfer money from his account at BankSA in Adelaide to Lisa’s account at a different bank.

John would need to provide his BSB number, which in this case is 105-937. Along with this, he would mention Lisa’s BSB number to identify her branch accurately.

Upon receiving the transfer request, John’s bank, BankSA, would use the BSB number to route the funds to the appropriate financial institution. In this case, the BSB number would indicate that the funds need to be transferred to Lisa’s bank, not BankSA.

Once the funds reach Lisa’s bank, her branch’s specific BSB number would be used internally to direct the funds to her account. In this way, BSB numbers act as signposts, guiding funds throughout the intricate network of banks and branches.

They ensure that the money reaches its intended destination securely and without confusion.

Benefits and Advantages of BSB Numbers

The usage of BSB numbers brings several advantages to the banking system:

1. Accuracy: BSB numbers eliminate the possibility of human error in directing funds.

By relying on a standardized code, the risk of miscommunication or transferring funds to the wrong account is greatly reduced. 2.

Efficiency: With BSB numbers, transfers can be processed quickly and efficiently. Banks can automate the routing process, saving time and effort for both customers and financial institutions.

3. Recordkeeping: BSB numbers enable banks to maintain accurate records of incoming and outgoing transfers.

This information is valuable for auditing, reconciliation, and customer support purposes. 4.

Reducing Fraud: BSB numbers provide an additional layer of security in the banking system. By ensuring that funds go through the correct channels, the risk of fraudulent transactions or unauthorized access to accounts is minimized.


In conclusion, BSB numbers are vital elements in the banking system, allowing for the smooth and secure transfer of funds. Their significance lies in their role as unique identifiers, accurately directing money to the intended recipient.

By understanding the importance of BSB numbers and how they are utilized for identification and routing, customers can have confidence in the efficiency and reliability of the banking system. PEH System: Enhancing Efficiency in Fund Transfers

In the realm of banking, efficiency and accuracy are paramount.

To achieve this, various systems and processes have been implemented, one of which is the PEH system. PEH stands for Payment Efficiency Hub, and it plays a crucial role in streamlining fund transfers within the Australian banking system.

This addition to our article aims to shed light on what the PEH system entails and how it relates to the BSB number provided, further enhancing our understanding of the banking landscape. The PEH system is a centralized platform operated by the country’s main financial institutions, such as BankSA.

Its primary purpose is to facilitate the seamless transfer of funds between different banks and branches. It achieves this by acting as a hub, receiving payment instructions and routing them to the appropriate recipients.

The PEH system plays a vital role in ensuring the prompt and accurate processing of transactions, enabling customers to have greater confidence in the efficiency and reliability of the banking system. Now, let’s explore how the PEH system relates to the BSB number provided, 105-937.

The BSB number is essentially a component of the PEH system, as it serves as an identification code for a specific bank branch within the system. The digits within the BSB number provide valuable information that helps the PEH system accurately process and route funds.

The format of BSB numbers is generally six digits, with the first two digits representing the bank code, while the last four digits identify the specific branch. In the case of the BSB number provided, 105-937, the bank code is 10, which corresponds to BankSA.

This indicates that any transactions involving this BSB number would be processed and routed through BankSA’s network. Understanding the significance of the digits within the BSB number can provide further insight.

The third digit hints at the state in which the branch is located. In this case, the number 5 indicates that the branch is situated in South Australia.

Additionally, the fourth and fifth digits indicate the region within the state. In this instance, the number 9 suggests that the branch is located in the Adelaide metropolitan area.

By deciphering the structure of the BSB number, we can grasp essential information about the bank and branch associated with it. This knowledge allows the PEH system to accurately route funds to the intended destination, ensuring a smooth and efficient transfer process.

The PEH system and BSB numbers work in tandem to optimize fund transfers. When a customer initiates a transfer, their bank, such as BankSA, uses the BSB number provided to determine the relevant branch and then leverages the PEH system to facilitate the transaction.

The BSB number acts as an essential link that ensures funds are routed through the appropriate channels within the PEH system. The PEH system itself plays a critical role in enhancing the overall efficiency of fund transfers.

By centralizing and standardizing payment instructions, it reduces the complexity and potential errors that could occur in the transfer process. The system automatically validates BSB numbers, ensuring that they are correct before initiating the transfer.

This additional layer of verification enhances the security and integrity of the transaction. Moreover, the PEH system allows for the seamless integration of different banking institutions, making it easier for customers to transfer funds between various banks and branches.

It operates on a real-time basis, enabling funds to be transferred quickly and efficiently, providing customers with peace of mind that their transactions will be processed promptly. In conclusion, the PEH system is a vital component of the Australian banking system, designed to enhance the efficiency and accuracy of fund transfers.

When combined with the BSB number, it enables seamless routing of funds between different banks and branches. Understanding the relationship between the PEH system and BSB numbers provides valuable insights for customers, ensuring their transactions are processed smoothly and securely.

By embracing these technological advancements, the banking system continues to evolve, empowering customers and driving a more efficient financial landscape.

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