Bank Code Verified

553-130, BSB Number for Bank of Melbourne, Brunswick, VIC

BSB Number: 553-130

Bank: Bank of Melbourne

Financial Institution: BML

Address: 369 Sydney Road

City: Brunswick

State: VIC

Postcode: 3056

System: PE_x000D_BSB numbers are a crucial part of the banking system, playing a key role in the identification and routing of funds. In this article, we will explore what BSB numbers are and why they are important in the banking industry.

We will also look specifically at Bank of Melbourne and provide essential information about this financial institution. Topic 1:to BSB numbers

BSB numbers, or Bank-State-Branch numbers, are a unique set of six digits that are used in Australia’s banking system.

These numbers serve a dual purpose: identification and routing of funds. Identification:

BSB numbers are assigned to each bank and its branches, helping to identify a specific financial institution.

This allows banks and other financial organizations to track transactions and ensure they are accurately recorded. The first two digits of a BSB number represent the bank, while the following four digits represent the specific branch.

Routing of funds:

BSB numbers are also instrumental in routing funds between banks. When a transaction is initiated, the BSB number is used to determine the correct bank and branch to send the funds to.

This ensures that the money is delivered to the intended recipient without any errors. BSB numbers make the transfer process more efficient and reliable, reducing the risk of funds being sent to the wrong destination.

BSB numbers can also provide additional information, such as the type of account or service associated with the account. This allows banks to process transactions more accurately and efficiently.

Topic 2: Bank of Melbourne

Bank of Melbourne (BML) is a prominent financial institution in Australia, known for its customer-centric approach and comprehensive range of banking services. Let’s dive into some key information about Bank of Melbourne.


Bank of Melbourne was established in 1989 and has since become a trusted name in the Australian banking industry. Originally founded as an independent bank, it was later acquired by Westpac Banking Corporation in 1997.

Despite this acquisition, Bank of Melbourne has maintained its unique identity and continues to operate as a separate entity. Services:

Bank of Melbourne offers a wide range of banking services to cater to the diverse needs of its customers.

These services include personal banking, business banking, wealth management, and insurance solutions. Customers can enjoy services such as savings accounts, credit cards, home loans, personal loans, business accounts, and more.

The bank is also committed to providing a seamless digital banking experience, offering online and mobile banking services for convenient and secure transactions. Community Engagement:

Bank of Melbourne is deeply involved in the local community, supporting various initiatives and organizations.

The bank actively engages in philanthropy, supporting local charities, community groups, and cultural events. Bank of Melbourne has a strong focus on building relationships and giving back to the communities it serves.

Branches and BSB Number:

Bank of Melbourne has branches located throughout Victoria, providing accessibility and convenience to its customers. The BSB number associated with Bank of Melbourne is 553-130.

As mentioned earlier, the first two digits (553) represent the bank, while the last four digits (130) represent the specific branch.


BSB numbers are a vital part of the Australian banking system, serving as a unique identifier for financial institutions and facilitating the routing of funds. Bank of Melbourne, with its rich history, comprehensive services, and community engagement, is a prominent player in the banking industry.

By understanding the importance of BSB numbers and familiarizing ourselves with various banks, we can navigate the banking system more effectively. Topic 3: PE System

The PE system, also known as the “Professional Electronic Banking System,” is a banking system used by financial institutions in Australia.

It is designed to facilitate electronic payments, including funds transfers, direct debits, and direct credits. The PE System works in conjunction with BSB numbers to ensure that transactions are processed accurately and efficiently.

When a customer initiates an electronic payment, whether it’s transferring money to another account or setting up a direct debit, the PE System comes into play. It uses the BSB number as a means to identify the recipient’s bank and branch.

By integrating the BSB number with the PE System, banks can route funds securely and seamlessly. The PE system operates on a centralized platform maintained by the Australian Payments Network.

It connects member banks, enabling them to exchange payment instructions swiftly and reliably. This system plays a crucial role in Australia’s financial infrastructure, enabling the efficient movement of funds between different financial institutions.

The PE System is responsible for ensuring that transactions are processed accurately and promptly. It verifies the BSB number provided by the customer, validates the account details, and initiates the transfer of funds.

Additionally, it provides essential information to the receiving bank, such as the account name, account number, and payment amount, enabling them to credit the funds to the correct account. Topic 4: Understanding BSB Number Structure

The BSB number structure consists of six digits, which can be broken down into three distinct parts: the bank code, the state code, and the branch code.

Each part plays a significant role in identifying and routing funds accurately. 1.

Bank Code: The first two digits of the BSB number represent the bank code. In the case of the provided BSB number 553-130, Bank of Melbourne’s bank code is 55.

The bank code allows the PE System and other financial institutions to identify the specific bank associated with the BSB number. 2.

State Code: The third digit of the BSB number represents the state code. In this case, the state code is 3, which corresponds to the state of Victoria (VIC).

The state code helps in narrowing down the location of the branch within the given bank. 3.

Branch Code: The last four digits of the BSB number form the branch code. In the example above, the branch code is 130.

The branch code serves to identify the specific branch within the bank where the account is held. It allows the PE System to route funds accurately, ensuring that the money reaches the intended branch and account.

By breaking down and interpreting the BSB number 553-130, we can understand that it corresponds to Bank of Melbourne in Victoria, specifically a particular branch within that bank. The bank code (55) tells us that the BSB number is associated with Bank of Melbourne.

The state code (3) signifies that the branch is located in Victoria. Lastly, the branch code (130) helps us pinpoint the specific branch within Bank of Melbourne associated with the BSB number.

It’s important to note that the branch code can vary for different branches of a bank, while the bank and state codes remain constant. This allows for more precise identification and routing of funds within a particular bank’s network.

Understanding the structure of BSB numbers is essential for individuals and businesses when conducting financial transactions. By providing the correct BSB number, one can ensure that funds are directed accurately and securely, reducing the risk of errors and delays in processing.

In conclusion, the PE system and the structure of BSB numbers play critical roles in Australia’s banking system. The PE system facilitates electronic payments by utilizing the BSB number as a unique identifier for banks and branches.

Understanding the format and significance of BSB numbers allows individuals and businesses to navigate the banking system effectively, ensuring that funds are routed correctly and securely. By familiarizing ourselves with the PE system and the structure of BSB numbers, we can make transactions with confidence and efficiency.

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