Bank Code Verified

402-522, BSB Number for Commonwealth Bank, Wauchope, NSW

BSB Number: 402-522

Bank: Commonwealth Bank

Financial Institution: CST

Address: 44 High Street

City: Wauchope

State: NSW

Postcode: 2446

System: PEHto BSB numbers: Understanding the Backbone of the Banking System

When it comes to financial transactions, BSB numbers play a vital role in ensuring the smooth flow of funds between accounts. Standing for “Bank State Branch,” BSB numbers are a six-digit code that is unique to every bank branch in Australia.

These numbers are essential for identification and routing purposes within the banking system. In this article, we will delve into the importance of BSB numbers and how they facilitate secure and efficient transactions.

Topic 1: The Significance of BSB Numbers in the Banking System

In the vast network of banks and financial institutions, BSB numbers act as the backbone that connects accounts, making transfers and payments possible. They serve as an essential tool for identification and routing of funds, ensuring that the money reaches the intended recipient.

Let’s explore how BSB numbers work:

1. Identification: BSB numbers are used to identify specific bank branches.

Each number is unique to a particular bank and branch, ensuring accuracy and reliability in transactions. This identification allows banks to maintain a comprehensive record of transactions and supports the overall security of the banking system.

2. Routing: BSB numbers facilitate the accurate routing of funds.

When you initiate a transaction, whether it’s a transfer to another account or a payment to a business, including the recipient’s BSB number ensures that the funds are correctly directed to the intended destination. By entering the correct BSB number, you eliminate the risk of the transaction going astray or being delayed.

3. Interbank Transactions: BSB numbers are particularly crucial in interbank transactions.

When funds are transferred between different banks, the BSB number acts as a reference point, ensuring that the money is sent to the correct bank and branch. This efficiency streamlines the process and minimizes errors, guaranteeing prompt and accurate transactions.

4. Account Verification: BSB numbers are also used to verify the authenticity of bank accounts.

When setting up direct debits or direct credits, providing the BSB number helps ensure that the funds are being directed to the correct account and bank. This verification adds an extra layer of security, reducing the risk of fraudulent activities.

Overall, BSB numbers are the foundation of the banking system, providing a standardized format for identification and routing of funds. They minimize errors, streamline transactions, and enhance security while establishing trust among banks and customers.

Topic 2: Commonwealth Bank: Support and Reliability Through the Ages

One of Australia’s oldest and most trusted financial institutions, Commonwealth Bank (CBA), has been serving the nation since 1911. With a rich history and a solid foundation, CBA has become a household name synonymous with reliability and support.

Let’s delve into the fascinating journey of Commonwealth Bank:

1. Founding and Background: Established under the Commonwealth Bank Act in 1911, the Commonwealth Bank’s primary goal was to provide accessible and reliable banking services to all Australians.

Initially, it served as a savings and general banking institution, catering to individuals and businesses alike. 2.

Expansion and Growth: Over the years, Commonwealth Bank expanded its services and offerings, amplifying its role in the Australian financial landscape. It broadened its product range to include insurance, share trading, and mortgage lending, thereby catering to a diverse range of financial needs.

3. Privatization and Diversification: In 1991, Commonwealth Bank was partially privatized, marking a significant shift in its structure and operations.

This allowed the bank to diversify its services and explore new markets, positioning itself as a leading player in the Australian banking industry. 4.

Innovations and Technology: Commonwealth Bank has always embraced technological advancements to enhance customer experience and convenience. From introducing ATMs in the 1970s to launching Australia’s first online banking platform in 1997, CBA has consistently been at the forefront of innovation, making banking more accessible and efficient.

5. Customer Focus and Social Responsibility: Throughout its history, Commonwealth Bank has prioritized customer satisfaction and social responsibility.

It has implemented initiatives such as the Dollarmites School Banking program and partnerships supporting indigenous communities, demonstrating its commitment to the welfare of Australians. Today, Commonwealth Bank stands as one of Australia’s leading banks, offering a wide range of services, including personal and business banking, wealth management, and international banking.

It continues to innovate and adapt to the changing needs of its customers, ensuring that it remains a trusted financial partner for generations to come.


BSB numbers are the unsung heroes of the banking system, enabling secure and efficient transactions. They serve as a crucial tool for identification and routing, ensuring accuracy and reliability in fund transfers.

Understanding the significance of BSB numbers empowers customers to navigate the banking landscape with confidence, knowing that their transactions are being executed smoothly and securely. Continuously evolving, Commonwealth Bank has played a significant role in shaping the Australian banking scene.

With its rich history, customer-centric approach, and commitment to innovation, CBA continues to provide reliable and accessible financial services to individuals and businesses across the country. As they say, when it comes to money matters, trust is everything, and Commonwealth Bank has earned that trust through decades of unwavering support.

Topic 3: PEH System: Protecting Electronic Handovers

In the world of banking and financial transactions, the PEH system plays a crucial role in ensuring the security and integrity of electronic transfers. PEH stands for “Protecting Electronic Handovers,” and this system works in conjunction with BSB numbers to safeguard the transfer of funds.

Let’s explore what the PEH system entails and how it relates to the provided BSB number (402-522). 1.

Protecting Electronic Handovers (PEH): In the digital era, electronic transfers have become the norm, replacing traditional paper-based transactions. The PEH system is designed to protect these electronic handovers, ensuring that funds are transferred securely and accurately.

It establishes a secure connection between the sender and the recipient, guaranteeing the authenticity of the transaction. 2.

Data Encryption and Authentication: At the heart of the PEH system lies data encryption and authentication. When a transaction is initiated, the sender’s credentials and transaction details undergo encryption, converting the information into a secure code.

This code can only be decrypted by the intended recipient, ensuring the confidentiality and integrity of the transaction. 3.

Digital Signatures: Another essential aspect of the PEH system is the use of digital signatures. These signatures serve as a unique identifier for both the sender and the recipient.

When a transaction is initiated, the digital signatures confirm the authenticity of the sender’s identity and ensure that the funds are being transferred to the correct recipient. 4.

Verification and Audit: The PEH system incorporates robust verification and audit mechanisms. Every electronic transfer is logged and recorded, providing a comprehensive trail of the transaction.

This audit trail allows for easy tracking and verification, ensuring accountability and minimizing the risk of fraudulent activities. Now, let’s delve into how the BSB number (402-522) relates to the PEH system:

The BSB number serves as a critical component for routing funds accurately within the banking system.

In the context of the PEH system, the BSB number acts as a unique identifier for the recipient’s bank branch. When a transaction is initiated, the PEH system utilizes the BSB number to establish a secure connection and verify the authenticity of the recipient’s bank.

Breaking down the BSB number (402-522) gives us the following interpretation:

– The first two digits (40) represent the bank code, indicating that this BSB number belongs to the Commonwealth Bank. Each bank has its unique code, allowing the PEH system to route funds accurately.

– The following two digits (2-5) represent the state or territory code (NSW in this case). This code specifies the location of the bank branch, ensuring that funds are directed to the correct location.

– The last two digits (2-2) represent the branch code. This code is specific to the individual bank branch and further ensures accuracy in routing funds within the banking system.

When initiating a transaction using the BSB number 402-522, the PEH system utilizes this information to establish a secure electronic handover. The system verifies the bank, state code, and branch code to ensure that the funds are being transferred to the intended recipient accurately and securely.

The integration of the PEH system and BSB numbers in the banking system provides a robust framework for secure and reliable electronic transactions. By leveraging advanced encryption, authentication, and verification mechanisms, this system instills confidence in customers, knowing that their funds are being transferred safely and accurately.

Topic 4: Understanding BSB Number Structure: A Closer Look

BSB numbers follow a specific format and structure, consisting of six digits that hold particular significance within the banking system. Understanding the structure of a BSB number allows customers to interpret and utilize them effectively.

Let’s take a closer look at the format and significance of different digits within a BSB number:

1. Bank Code: The first two digits of a BSB number represent the bank code.

Each bank is assigned a unique code that identifies it within the banking system. This code ensures accurate routing of funds from one bank to another.

For example, in the BSB number 402-522, the bank code “40” indicates that it belongs to the Commonwealth Bank. 2.

State or Territory Code: The next two digits of a BSB number indicate the state or territory code. Australia’s different states and territories are assigned specific codes to identify their locations within the banking system.

These codes ensure that funds are routed to the correct state or territory. In the BSB number 402-522, the state code “2-5” corresponds to New South Wales (NSW).

3. Branch Code: The last two digits of a BSB number represent the branch code.

Each bank branch within a particular state or territory is assigned its unique branch code. This code ensures accurate routing of funds within a specific bank branch.

In the BSB number 402-522, the branch code “2-2” identifies a specific branch of the Commonwealth Bank in NSW. By breaking down and interpreting a BSB number, customers can identify the specific bank, location, and branch associated with the account they wish to transfer funds to or receive funds from.

This understanding helps ensure that transactions are processed accurately and efficiently.


The PEH system, in conjunction with BSB numbers, plays a critical role in the secure transfer of funds in the banking system. The PEH system protects electronic handovers by incorporating data encryption, authentication, and digital signatures.

BSB numbers act as unique identifiers for bank branches, ensuring accurate routing of funds. Additionally, understanding the structure of BSB numbers provides customers with valuable information about the bank, location, and branch associated with their transactions.

The integration of the PEH system and BSB numbers establishes a robust framework for secure and reliable electronic transactions, instilling confidence in customers and ensuring the integrity of the banking system.

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