Bank Code Verified

638-091, BSB Number for Heritage Bank, Toowoomba, QLD

BSB Number: 638-091

Bank: Heritage Bank

Financial Institution: HBS

Address: 400 Ruthven Street

City: Toowoomba

State: QLD

Postcode: 4350

System: PEH

Title: Understanding BSB Numbers and Their Significance in the Banking SystemIn the vast world of banking, there are various complex systems and codes that facilitate seamless transactions. BSB numbers, in particular, play a crucial role in identifying and routing funds within the Australian banking system.

This article will delve into the importance of BSB numbers, explaining their purpose and usage. Additionally, we will explore the specific BSB number 638-091, which belongs to Heritage Bank, a reputed financial institution in Australia.

Topic 1:to BSB numbers

BSB numbers, short for Bank, State, and Branch numbers, are a unique identifier assigned to each bank branch within Australia. They are a critical component of the Australian Payments Clearing Association (APCA) electronic payments system.

BSB numbers work in conjunction with account numbers to ensure accurate routing and allocation of funds during electronic transactions. Importance of BSB numbers in the banking system:


Identification: BSB numbers uniquely identify each bank branch, helping to eliminate any confusion or misdirection of funds during transactions. 2.

Routing of funds: BSB numbers allow for the precise routing of funds by directing them to the correct bank branch. This ensures that transactions are executed seamlessly and efficiently.

3. Differentiation: BSB numbers allow banks to differentiate their various branches, making it easier to manage multiple locations and streamline internal processes.

4. Compliance: BSB numbers aid in complying with regulatory requirements.

They ensure the traceability and accountability of funds, which is essential for audits and regulatory compliance. Usage of BSB numbers for identification and routing of funds:


Electronic funds transfer: BSB numbers are vital in facilitating electronic funds transfers (EFTs) between different bank accounts. They ensure that funds are directed to the correct financial institution and branch.

2. Direct debits and credits: BSB numbers are used to set up direct debit arrangements, enabling automatic deduction of payments from one account to another.

Similarly, BSB numbers are required to receive direct credits, such as salary payments or government benefits. 3.

Payment systems: BSB numbers are an integral part of electronic payment systems like the New Payments Platform (NPP). These systems utilize BSB numbers to authorize and initiate financial transactions.

4. Online banking: When setting up payees for online banking, individuals must enter the BSB number to ensure that funds are allocated to the correct bank branch.

Topic 2: Heritage Bank – BSB Number 638-091

With a focus on providing exceptional customer service and reliable financial solutions, Heritage Bank has emerged as a trusted institution within the Australian banking sector. Located at 400 Ruthven Street, Toowoomba, QLD 4350, Heritage Bank offers a wide range of banking services to individuals and businesses.

Heritage Bank’s BSB number, 638-091, is an essential identifier for their branch. This six-digit code begins with the bank number (638) and is followed by the branch number (091).

The BSB number 638-091 ensures that all funds allocated to Heritage Bank’s Toowoomba branch are routed correctly. Heritage Bank’s services and offerings:


Personal banking: From everyday transactional accounts to savings accounts tailored to individual needs, Heritage Bank offers a comprehensive range of personal banking solutions. 2.

Home loans: With competitive interest rates, flexible repayment options, and a personalized approach, Heritage Bank’s home loans are designed to help customers achieve their homeownership goals. 3.

Business banking: Heritage Bank provides a suite of business banking solutions, including business transaction accounts, loans, and merchant facilities, to support the growth and success of local businesses. 4.

Insurance and financial planning: Heritage Bank offers insurance solutions and financial planning services to provide customers with peace of mind and expert guidance in securing their financial future. Heritage Bank’s commitment to the community:

As a customer-owned bank, Heritage Bank takes pride in actively contributing to the communities it serves.

The bank supports various community initiatives and sponsorships, fostering growth and prosperity within the region. In conclusion,

BSB numbers are indispensable components of the Australian banking system, enabling accurate identification and routing of funds during electronic transactions.

With their BSB number 638-091, Heritage Bank continues to play a vital role in the financial landscape of Toowoomba, Queensland, offering reliable banking services and contributing to the local community’s well-being. Title: Demystifying BSB Numbers: Understanding the PEH System and BSB Number StructureIn the intricate world of banking, BSB numbers serve as crucial identifiers for efficient fund routing within Australia.

This article will delve deeper into the BSB number structure, interpreting the significance of its different digits. Additionally, we will explore the PEH system and its relation to BSB numbers, shedding light on its purpose and relevance in the banking system.

Topic 3: The PEH System

The PEH system, known as the Private Electronic Handshake system, is a vital component of the Australian banking infrastructure. It serves as the intermediary between financial institutions during electronic transactions, providing a secure platform for fund transfers.

Specifically, the PEH system enhances the efficiency and accuracy of BSB number-based transactions. Relation of the PEH system to BSB numbers:


Secure communication: The PEH system ensures encrypted and secure communication between financial institutions, facilitating the accurate routing of funds based on BSB numbers. 2.

Authentication and validation: The PEH system verifies the BSB number provided by the sender, ensuring that it corresponds to the correct financial institution and branch. 3.

Real-time transaction processing: By leveraging the PEH system, financial institutions can process transactions swiftly, reducing delays and errors associated with fund transfers. Topic 4: Understanding BSB Number Structure

The structure of BSB numbers follows a specific format, with each digit serving a distinctive purpose.

By breaking down and interpreting the BSB number 638-091, we can gain a deeper understanding of its significance. BSB Number Format:

The BSB number is divided into three parts: the Bank number (first three digits), the State number (fourth digit), and the Branch number (last three digits).

This structure ensures comprehensive identification and efficient routing of funds. Interpreting BSB Number 638-091:


Bank Number (First three digits): The Bank number, 638, identifies the financial institution associated with the BSB number. In this case, the BSB number belongs to Heritage Bank, which is represented by the Bank number 638.

2. State Number (Fourth digit): The State number in a BSB number indicates the state in which the bank branch is located.

For the BSB number 638-091, the State number is 0, representing Queensland (QLD). 3.

Branch Number (Last three digits): The Branch number is a unique identifier for a specific bank branch within a financial institution. For the BSB number 638-091, the Branch number is 091, signifying the Toowoomba branch of Heritage Bank.

Significance of BSB number structure:

1. Unique identification: The BSB number structure ensures that each bank branch within Australia has a distinct identifier, minimizing the chances of confusion or misdirection of funds.

2. Simplified routing: By incorporating the State number, BSB numbers streamline the routing process, allowing for efficient allocation of funds within specific geographical regions.

3. Internal organization: The Branch number enables financial institutions to differentiate and manage multiple branches efficiently, enhancing operational effectiveness.

Expanding on the PEH system:

The Private Electronic Handshake (PEH) system is integral to the secure and seamless functioning of the Australian banking system. Through advanced encryption and communication protocols, the PEH system provides a secure platform for financial institutions to exchange crucial information during electronic transactions.

Advantages of the PEH system:

1. Enhanced security: The PEH system ensures encrypted communication channels, protecting sensitive customer information and reducing the risk of cyber threats.

2. Real-time transaction processing: By leveraging the PEH system, financial institutions can process transactions swiftly, minimizing delays and improving customer satisfaction.

3. Validation and accuracy: The PEH system validates BSB numbers, ensuring their accuracy and compliance with the banking system’s standards and regulations.

4. Interbank connectivity: The PEH system fosters seamless communication and connectivity among different financial institutions, promoting a robust banking ecosystem.


Understanding BSB numbers and the PEH system is essential for comprehending the intricacies of the Australian banking system. The BSB number 638-091, belonging to Heritage Bank’s Toowoomba branch, exemplifies the significance of these numbers in fund routing and identification.

Moreover, the PEH system enhances the efficiency and security of BSB number-based transactions, ensuring seamless electronic transfers while safeguarding customer data.

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