Bank Code Verified

638-123, BSB Number for Heritage Bank, Toowoomba, QLD

BSB Number: 638-123

Bank: Heritage Bank

Financial Institution: HBS

Address: 400 Ruthven Street

City: Toowoomba

State: QLD

Postcode: 4350

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

Have you ever wondered how your money magically finds its way to your friend’s account when you transfer funds online? The answer lies in the world of banking and a little numerical code known as the BSB number.

In this article, we will unravel the mystery of BSB numbers and explore their importance in the banking system. So, get ready to dive into the fascinating world of numbers and banking!

What are BSB Numbers?

BSB stands for Bank State Branch, and a BSB number is a unique identification code assigned to each bank branch in Australia. Essentially, it serves as an address for a particular bank branch.

Just like your home address helps the mailman deliver your letters to your doorstep, the BSB number ensures that your money reaches the desired bank branch.

The Importance of BSB Numbers in the Banking System

BSB numbers play a crucial role in the smooth functioning of the banking system. They facilitate the identification and routing of funds, which enables seamless money transfers between bank accounts.

Without BSB numbers, the banking system would be akin to a road network without street signs chaotic and inefficient.

Identification Made Easy

When you initiate a transaction, whether it’s transferring money to a friend or paying bills online, the BSB number helps identify the bank and branch the recipient belongs to. This eliminates any confusion and ensures that your funds are sent to the right place.

Routing Funds Efficiently

Once your bank knows the recipient’s branch, it uses the BSB number to route the funds accurately. Think of it as the GPS coordinates guiding your money’s journey through the vast banking network.

The BSB number acts as a compass, leading the money through the vast ocean of transactions, until it reaches its destination.

Unlocking the BSB Number

Now that we understand the importance of BSB numbers, let’s take a closer look at the structure of these unique codes. A standard BSB number consists of six digits, which are divided into two parts the first two digits represent the bank code, while the remaining four digits represent the branch code.

For instance, let’s break down the BSB number 638-123: The bank code, 638, represents Heritage Bank, while the branch code, 123, represents the specific branch located at 400 Ruthven Street in Toowoomba, QLD. It’s like a secret code that unlocks the vault of information about a particular bank branch.

History and Evolution of BSB Numbers

The concept of BSB numbers was introduced in the 1970s to streamline and automate the processing of checks. Back then, these numbers were represented using magnetic ink on the bottom of checks, enabling banks to read and sort them quickly.

With the advent of online banking and electronic funds transfers, the use of BSB numbers expanded beyond checks. Today, they are an integral part of Australian banking, ensuring reliable and efficient transfers of funds.

Tips for Accurate BSB Entry

Entering the correct BSB number is crucial to ensure your funds reach the intended recipient. Here are a few tips to avoid any mishaps:


Double-check the BSB number provided by the recipient. A simple typo can lead to delays or, worse, sending money to the wrong account.

2. Always refer to official sources, such as the recipient’s bank website, to verify the BSB code.

Do not rely solely on third-party platforms or information. 3.

Take note of the bank and branch name associated with the BSB number. This serves as an extra layer of confirmation to ensure accuracy.


Understanding BSB numbers is like uncovering the secret code to efficient money transfers within the Australian banking system. These unique numerical addresses enable seamless identification and routing of funds, ensuring your money reaches the right destination.

So, the next time you make an online payment or transfer money to a friend, take a moment to appreciate the importance of those six little digits the BSB number. PEH System: Connecting BSB Numbers for Seamless Transactions

Have you ever wondered how your money swiftly moves from one bank to another in the vast Australian banking system?

Enter the PEH system an integral component that ensures seamless transaction processing. In this article, we will delve into the world of the PEH system, its relationship with BSB numbers, and how it contributes to the efficient functioning of the banking system.

So, get ready to unravel the intricacies of this system and gain a deeper understanding of how your money flows. What is the PEH System?

PEH stands for Payments Entry Hub, a centralized system that acts as a clearinghouse for electronic funds transfers in Australia. It connects different financial institutions, enabling them to exchange information and settle transactions effortlessly.

Essentially, the PEH system is the backbone that supports the efficient movement of funds in the Australian banking system.

BSB Numbers and the PEH System

Now that we have a basic understanding of the PEH system let’s explore its relationship with BSB numbers. BSB numbers serve as the key interface between the PEH system and the individual bank branches.

They provide the necessary information to identify and route funds accurately. When you initiate a funds transfer, your bank leverages the PEH system to send the transaction information to the recipient’s bank.

The BSB number plays a crucial role in this process, as it ensures that the funds reach the intended bank branch. Think of it as a communication bridge that connects your bank and the recipient’s bank through the PEH system.

The Format and Structure of BSB Numbers

To truly understand BSB numbers, let’s dive deeper into their composition and significance. A BSB number consists of six digits, divided into two parts the bank code and the branch code.

The first two digits of the BSB number represent the bank code. In the case of the provided BSB number 638-123, the bank code is 638, which corresponds to Heritage Bank.

It’s important to note that each bank in Australia has a unique bank code assigned to it. The remaining four digits represent the branch code.

In our example, the branch code is 123, corresponding to the specific branch located at 400 Ruthven Street in Toowoomba, QLD. These digits identify the individual branch within the bank.

Breaking Down the BSB Number

Let’s take a closer look at the BSB number provided 638-123 and break it down to understand its composition. The bank code, 638, is assigned to Heritage Bank.

This code is standardized across all branches of Heritage Bank, allowing for easy identification of the bank. The branch code, 123, specifies the particular branch of Heritage Bank located at 400 Ruthven Street in Toowoomba, QLD.

Each branch within a bank has a unique branch code, which ensures accurate routing of funds.

Understanding the Significance of Digits

Every digit within the BSB number serves a specific purpose and contributes to the transaction processing. By analysing the digits, we gain more insight into the intricacies of the BSB number structure.

The first digit of the bank code signifies the type of institution. For example, a ‘1’ denotes a Reserve Bank or other authorized institutions, while a ‘6’ represents a bank.

The second digit of the bank code represents the state where the bank branch is located. In this case, ‘3’ designates Queensland (QLD).

The remaining four digits of the BSB number form the branch code, providing unique identification for the specific branch. These digits are assigned by the bank and are specific to each branch.

By understanding the significance of each digit, you can interpret the BSB number and gain insights into the associated bank and branch.


The PEH system and BSB numbers are closely intertwined, working in harmony to ensure seamless transaction processing within the Australian banking system. The PEH system acts as the central hub, connecting financial institutions and facilitating the exchange of information.

BSB numbers, on the other hand, serve as the unique address for each bank branch, enabling accurate identification and routing of funds. By understanding the format and structure of BSB numbers, we gain insights into the composition of these numerical codes.

Each digit plays a critical role in identifying the bank, the branch, and even the type of institution. So, the next time you initiate a funds transfer or make a payment, remember that behind the scenes, the PEH system and the BSB number are working tirelessly to ensure your money reaches its destination seamlessly.

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