Bank Code Verified

638-675, BSB Number for Heritage Bank, Toowoomba, QLD

BSB Number: 638-675

Bank: Heritage Bank

Financial Institution: HBS

Address: 400 Ruthven Street

City: Toowoomba

State: QLD

Postcode: 4350

System: PEH

Title: Understanding BSB Numbers and How They Impact Banking TransactionsIn the vast world of banking, BSB numbers play a crucial role in ensuring that funds are accurately identified and routed. BSB numbers are unique numerical codes assigned to every financial institution in Australia, including banks, credit unions, and building societies.

This article will delve into the significance of BSB numbers in the banking system, highlighting their use for identification and routing purposes. Furthermore, we will explore Heritage Bank, a prominent Australian financial institution, and shed light on their commitment to customer satisfaction.

Topic 1:to BSB numbers

BSB numbers, standing for Bank State Branch numbers, are six-digit codes that serve as identifiers for financial institutions in Australia. Each number has a three-digit bank code followed by a three-digit branch identifier.

These numbers are crucial for the smooth functioning of banking transactions within the country. Importance of BSB numbers in the banking system:


Accurate fund routing: BSB numbers ensure that funds are directed to the appropriate bank and branch, reducing the chances of errors or misallocations. 2.

Enhanced transaction security: BSB numbers facilitate secure communication between financial institutions during fund transfers, protecting customers against fraudulent activities. 3.

Seamless interconnectivity: The adoption of BSB numbers standardizes banking procedures, making it easier for different banks to interact and exchange funds efficiently. 4.

Streamlined electronic payments: BSB numbers are used extensively in the electronic funds transfer (EFT) system, ensuring hassle-free transactions between individuals, businesses, and other entities. How BSB numbers are used for identification and routing of funds:


Sending and receiving funds: When initiating a financial transaction, individuals must provide the recipient’s BSB number alongside their account number. The sender’s bank then uses this information to route the funds accurately.

2. Identification of financial institutions: BSB numbers act as unique identifiers for financial institutions, enabling seamless collaboration among banks, credit unions, and other establishments.

3. Verifying account details: BSB numbers assist in verifying the accuracy of account details during fund transfers, minimizing the chances of errors.

Topic 2: Heritage Bank – A Pillar of Customer Satisfaction

About Heritage Bank:

Heritage Bank, a trustworthy and customer-centric financial institution, has been serving the Australian community since its establishment. With its headquarters located at 400 Ruthven Street, Toowoomba, Heritage Bank has established itself as a reliable partner for both personal and business banking needs.

Customer-focused Services:

1. Personal banking solutions: Heritage Bank offers a wide range of personal banking options tailored to suit individual needs.

From everyday banking accounts to innovative digital banking solutions, Heritage Bank prioritizes convenience and flexibility. 2.

Competitive home loans: The bank understands the significance of owning a home and provides competitive home loan packages with attractive interest rates. Their team of experts assists customers throughout the entire mortgage process.

3. Business banking support: Heritage Bank offers comprehensive business banking services, including loans, merchant facilities, and tailored financial advice.

Their team of dedicated professionals understands the nuances of running a business and prioritizes customer success. Commitment to Community:


Community initiatives: Heritage Bank actively engages with the community by supporting various local initiatives, events, and charities. Their commitment to giving back is evident through their involvement in community development projects.

2. Customer-centered approach: Heritage Bank prides itself on building long-term relationships with customers.

Their friendly and knowledgeable staff prioritize understanding their customers’ unique requirements to deliver tailored solutions. Branch Network and Digital Integration:


Extensive branch network: Heritage Bank boasts an extensive network of branches across Queensland, making it easily accessible for customers seeking personalized assistance. 2.

Advanced digital integration: In addition to their physical presence, Heritage Bank offers a user-friendly online and mobile banking experience. This integration enables customers to conveniently manage their finances from anywhere.


BSB numbers play an integral role in the Australian banking system, facilitating accurate routing and identification of funds. Heritage Bank, with its commitment to customer satisfaction and community engagement, exemplifies the core principles of reliable banking.

By understanding the significance of BSB numbers and appreciating the offerings of institutions like Heritage Bank, individuals can make informed decisions to optimize their banking experiences. Title: The PEH System and Demystifying the Structure of BSB NumbersIn the world of banking, staying informed about key systems and structures is crucial for seamless financial transactions.

This article aims to shed light on two critical aspects: the PEH system and the underlying structure of BSB numbers. By understanding the PEH system and delving into the intricacies of BSB numbers, individuals can navigate the banking landscape with confidence and clarity.

Topic 3: The PEH System – Paving the Way for Efficient Clearing and Settlement

The PEH system, also known as the Payment Engine Hub system, is a critical component of Australia’s financial infrastructure. This system facilitates the secure and efficient clearing and settlement of payments between financial institutions.

Acting as a central platform, the PEH system enables the smooth transfer of funds, utilizing the BSB numbers as identification codes for banks and branches. The PEH system and BSB numbers:


Clearing and processing payments: When funds are transferred between banks or financial institutions in Australia, the PEH system examines the BSB numbers associated with the transaction. It verifies the accuracy of the BSB numbers and ensures that the funds are securely routed to the correct institution and branch.

2. Settlement and reconciliation: The PEH system also plays a pivotal role in the settlement and reconciliation process.

Once the funds have been routed correctly using the BSB numbers, the PEH system ensures that the appropriate accounts are credited or debited accordingly, maintaining accuracy and transparency in financial transactions. Topic 4: Unraveling the Structure of BSB Numbers

Format and structure of BSB numbers:

BSB numbers consist of six digits, divided into two segments: the bank code and the branch identifier.

Understanding the structure of BSB numbers provides valuable insights into their significance. Significance of different digits within the BSB number:


The bank code: The first three digits of the BSB number represent the bank code. This code uniquely identifies the banking institution.

For example, in the BSB number 638-675, the bank code (638) corresponds to Heritage Bank. 2.

The branch identifier: The final three digits of the BSB number form the branch identifier. This identifier distinguishes the specific branch of the bank.

In the given BSB number, 675 represents a particular branch of Heritage Bank. Interpreting the BSB number provided (638-675):


The bank code (638) indicates that the financial institution associated with this BSB number is Heritage Bank. 2.

The branch identifier (675) specifies the specific branch of Heritage Bank for routing and identification purposes. In this case, the branch is located at 400 Ruthven Street in Toowoomba, Queensland, with the postcode 4350.

Understanding the BSB number’s breakdown:

1. The first digit of the bank code indicates the category of the bank.

For example, 1 represents an ADI (Authorised Deposit-taking Institution) being a bank or a credit union. 2.

The second and third digits of the bank code provide more specific information such as the group or division within the banking institution. 3.

The branch identifier represents a unique number allocated to each branch within a bank, aiding in accurate routing and identification. Conclusion:

By demystifying the PEH system and understanding the structure of BSB numbers, individuals can confidently navigate the banking landscape, ensuring accurate and secure transactions.

The PEH system acts as a crucial facilitator for efficient clearing and settlement, utilizing the BSB numbers as identification codes to route funds seamlessly between financial institutions. With this knowledge, individuals can navigate the world of banking with confidence, knowing the role BSB numbers play in the smooth functioning of their financial transactions.

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