Bank Code Verified

484-601, BSB Number for Suncorp-Metway, Brisbane, QLD

BSB Number: 484-601

Bank: Suncorp-Metway

Financial Institution: MET

Address: Cnr Turbot and Albert Streets

City: Brisbane

State: QLD

Postcode: 4000

System: PEHto BSB numbers: Understanding the Basics

In the complex world of banking, it’s easy to feel overwhelmed by all the acronyms and codes. However, one code that holds great importance is the BSB number.

But what exactly is a BSB number, and why is it crucial in the banking system? In this article, we will delve into the depths of BSB numbers to demystify their purpose and significance.

What are BSB Numbers? BSB, which stands for Bank State Branch, is a unique six-digit code assigned to each branch of an Australian bank or financial institution.

This code serves as an identification and routing number within the domestic banking network. Think of it as a digital fingerprint that distinguishes one branch from another and ensures the smooth transfer of funds.

Importance of BSB Numbers in the Banking System

BSB numbers play a fundamental role in the efficient functioning of the banking system. Here’s why they are so important:


Identification: Each BSB number is allocated to a specific bank branch, making it easier for financial institutions to identify and track transactions. When you provide a BSB number, it helps the recipient bank determine the exact branch your account belongs to, streamlining the process of crediting the funds to the correct account.

2. Routing of Funds: When you initiate a transaction, such as a transfer or payment, your BSB number acts as a routing guide.

It ensures that the funds are directed to the correct branch, avoiding any delays or misdirection. This helps banks maintain accurate records and enables quick and secure transfers of money between accounts.

3. Interbank Transactions: BSB numbers also facilitate interbank transactions, allowing seamless transfers between different financial institutions.

These transactions rely on the BSB number to identify the receiving bank and branch, reducing any confusion or errors that might otherwise arise.

How BSB Numbers are used for Identification and Routing of Funds

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

1. Identification: When you provide your bank account details to someone, you typically include both your BSB number and account number.

The BSB number allows the recipient to know which financial institution and branch your account is held with. This information is crucial for ensuring that the funds reach the intended recipient.

2. Routing: When you initiate a transaction, whether it’s a transfer to another account or a bill payment, you provide the BSB number of the recipient’s bank branch.

This BSB number acts as a guide for the sender’s bank, helping them determine the correct routing path. By following this path, the funds are directed to the intended destination efficiently and securely.

3. Confirmation of Accuracy: BSB numbers serve as a verification tool.

Before initiating a transaction, it’s essential to double-check the BSB number to ensure its accuracy. Mistyping a single digit can result in the funds being sent to the wrong branch or even a different bank entirely.

By carefully verifying the BSB number, you minimize the chances of errors and potential delays.

In Conclusion

BSB numbers are a vital component of the Australian banking system. They serve as unique identifiers and routing codes for bank branches, allowing for efficient and accurate transfer of funds.

Understanding the importance of BSB numbers can help you navigate the world of banking with confidence, ensuring that your transactions are processed smoothly. So the next time you provide or receive a BSB number, remember its significance in making financial transactions seamless and secure.

Topic 3: PEH System: Bridging the Gap

In the vast landscape of banking, abbreviations and systems can make one’s head spin. One such abbreviation that is often associated with BSB numbers is the PEH system.

So, what does PEH stand for, and how does it connect to the BSB number provided? In this section, we will unravel the mysteries of the PEH system and its relationship to BSB numbers.

What is the PEH System? PEH, which stands for Post Exchange Host, is a network-based system used by financial institutions in Australia to process electronic payments.

The primary purpose of the PEH system is to facilitate secure and efficient transfers of funds between different banks and financial institutions across the country. How does PEH System Relate to BSB Numbers?

The PEH system relies on BSB numbers to facilitate the smooth flow of electronic payments. BSB numbers play a crucial role in identifying the recipient’s bank and branch, ensuring that the funds are sent to the correct destination.

The PEH system utilizes these BSB numbers to route the transactions accurately, allowing for seamless transfers between financial institutions. When initiating an electronic payment, you provide the BSB number of the recipient’s bank branch.

The PEH system uses this BSB number to determine the appropriate routing path, ensuring that the funds are directed to the correct bank and branch. This integration between the PEH system and BSB numbers ensures the accuracy and security of electronic payments, contributing to the overall efficiency of the banking system.

Topic 4: Unlocking the BSB Number Structure

BSB numbers may appear as a random sequence of digits, but they follow a specific format and structure designed for identification and routing purposes. Let’s unravel the structure of BSB numbers and understand the significance of each digit within the number.

We’ll also break down and interpret the provided BSB number, 484-601.

Format and Structure of BSB Numbers

A BSB number consists of six digits and is structured as three pairs, separated by hyphens (e.g., XXX-XXX). Each digit within the BSB number holds a unique meaning and contributes to the identification and routing process.

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

This identifies the financial institution the branch is associated with. In the case of the provided BSB number, 484-601, the bank code is 48, indicating that it belongs to Suncorp-Metway.

2. Third digit (State Code): The third digit of a BSB number represents the state or territory where the branch is located.

This code helps in identifying the geographical area associated with the bank branch. For the BSB number 484-601, the third digit is 4, indicating that the branch is located in Queensland (QLD).

3. Fourth and fifth digits (Branch Code): The fourth and fifth digits of a BSB number make up the branch code.

This code serves to further identify the individual branch within the bank. For example, the fourth and fifth digits of the BSB number 484-601 are 60, indicating a specific branch of Suncorp-Metway.

4. Last digit (Checksum): The last digit of a BSB number is a checksum.

It is a calculated value used to ensure the accuracy of the BSB number. The checksum is derived using a mathematical formula applied to the first five digits.

This final digit acts as a validation tool, reducing the chances of errors and further ensuring the integrity of the BSB number.

Decoding BSB Number 484-601

Now that we understand the structure of BSB numbers, let’s break down the provided BSB number, 484-601, and interpret its meaning. – Bank Code: The first two digits, 48, identify the bank as Suncorp-Metway.

– State Code: The third digit, 4, indicates that the branch is located in Queensland (QLD). – Branch Code: The fourth and fifth digits, 60, specify a particular branch of Suncorp-Metway.

– Checksum: The last digit serves as a checksum, ensuring the accuracy and validity of the BSB number. By dissecting the BSB number 484-601, we can determine that it corresponds to a specific branch of Suncorp-Metway located in Queensland (QLD), allowing for seamless identification and routing of funds within the banking system.


BSB numbers, combined with the PEH system, form the backbone of the banking system in Australia. They enable accurate identification and routing of funds, contributing to efficient and secure electronic payments between banks and financial institutions.

Understanding the structure and significance of BSB numbers, as well as their connection to the PEH system, empowers individuals to navigate the banking landscape with confidence and ease.

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