Bank Code Verified

638-740, BSB Number for Heritage Bank, Toowoomba, QLD

BSB Number: 638-740

Bank: Heritage Bank

Financial Institution: HBS

Address: 400 Ruthven Street

City: Toowoomba

State: QLD

Postcode: 4350

System: PEHto BSB Numbers: The Backbone of Banking

Imagine you’re sending money to a friend’s bank account. You enter the account number, provide your friend’s name, and make the transfer.

But have you ever wondered how the money actually reaches your friend’s account? How does the banking system know where to send it?

Well, that’s where BSB numbers come into play. What are BSB Numbers?

BSB numbers, or Bank-State-Branch numbers, are a unique identifier used in the Australian banking system. They consist of six digits and have a specific format: the first two digits represent the bank, the third digit represents the state or territory, and the remaining three digits represent the branch.

These numbers serve as an essential element in the banking infrastructure because they help identify and route funds accurately. They ensure that the money you send reaches the intended recipient’s account swiftly and securely.

Importance in the Banking System

BSB numbers play a crucial role in the banking system for several reasons:

1. Identification: Each bank and branch has a unique BSB number, making it easier to distinguish between institutions.

This identification feature prevents confusion and ensures that funds flow smoothly. 2.

Routing: BSB numbers allow the banking system to route funds accurately. When you make a payment or transfer, the system checks the BSB number to determine the bank and branch where the recipient’s account is held.

This routing mechanism guarantees the funds’ swift and secure transfer to the right location. 3.

Validation: BSB numbers are used to validate bank account details. When you enter a BSB number along with an account number, the system verifies both to ensure they match.

This validation process adds an extra layer of security, minimizing the risk of errors or fraudulent transactions.

Using BSB Numbers for Identification and Routing

Let’s dive deeper into how BSB numbers are used for identification and routing:

1. Identification:


Bank Identification: The first two digits of the BSB number identify the bank. For example, the BSB number ‘638-740’ in our case belongs to Heritage Bank.

This identification helps differentiate Heritage Bank from other financial institutions. b.

Branch Identification: The last three digits of the BSB number represent the branch. In our case, ‘740’ identifies the specific Heritage Bank branch located at 400 Ruthven Street in Toowoomba, Queensland.

This branch identification further narrows down the recipient’s location. 2.


a. Internal Routing: When you send money within the same bank, the BSB number helps route the funds to the specific branch or account within that bank.

For example, if you transfer funds from your Heritage Bank account to another Heritage Bank account, the BSB number ensures that the money reaches the correct recipient account within the same bank. b.

External Routing: If you’re sending money to a different bank, the BSB number is crucial for accurate routing. The banking system uses the BSB number to identify the recipient’s bank and then transfers the funds through the appropriate channels.

This external routing process ensures seamless interbank transactions.

Validating Bank Account Details

Apart from identification and routing, BSB numbers play a vital role in validating bank account details. When you initiate a payment or transfer, the BSB number, along with the account number, is checked against the recipient’s bank’s records.

If both the BSB number and account number match, the transaction proceeds, and the funds are successfully transferred. This validation step acts as a safety net, reducing the chances of errors or fraud.


BSB numbers are the backbone of the Australian banking system. They enable accurate identification and routing of funds, ensuring smooth and secure transactions.

By understanding the importance of BSB numbers, you can confidently make payments and transfers, knowing that your funds will reach the right destination. Next time you’re transferring money, spare a thought for those six digits that make it all happen the mighty BSB numbers.

PEH System: Simplifying Banking Transactions

When it comes to banking in Australia, efficiency and accuracy are key. That’s where the PEH system comes into play.

PEH stands for Payments Enablement Hub, and it is a central system that facilitates the processing of electronic funds transfers (EFT) and other payment transactions. In relation to the BSB number provided (638-740), the PEH system ensures that funds are transferred smoothly and securely between banks and branches.

Understanding the PEH System

The PEH system acts as a centralized hub, connecting various financial institutions and coordinating the transfer of funds. It streamlines payment processes by ensuring that payments from one bank reach the correct destination, even if the recipient’s account is held by a different institution.

The PEH system is responsible for:

1. Payment Routing: When you initiate a payment or transfer, the PEH system utilizes the BSB number to route the funds.

It determines the destination bank and branch, ensuring that the money reaches the intended recipient’s account accurately and efficiently. 2.

Transaction Validation: The PEH system verifies the authenticity and accuracy of payment instructions, including the BSB number and account details. It ensures that funds are not mistakenly sent to the wrong account or fall into the hands of fraudsters.

3. Settlement: The PEH system helps settle financial transactions between banks.

It coordinates the movement of funds from the sender’s bank to the recipient’s bank, ensuring transparency and speed in the settlement process. The PEH system acts as a crucial intermediary, ensuring that funds flow seamlessly between banks and branches, irrespective of geographical distance or different financial institutions involved.

Understanding BSB Number Structure

To fully comprehend the significance of the BSB number provided (638-740), it is essential to understand its structure and meaning. BSB numbers consist of six digits, with each digit representing specific information:


Bank Identification: The first two digits of the BSB number identify the bank. In the case of the provided BSB number (638-740), the ’63’ represents Heritage Bank.

This identification ensures that funds are directed to the correct bank. 2.

State or Territory Identification: The third digit of the BSB number represents the state or territory in which the branch is located. In this case, ‘8’ signifies Queensland (QLD).

3. Branch Identification: The last three digits of the BSB number indicate the specific branch.

For the BSB number (638-740), the ‘740’ is the branch identifier for the Heritage Bank located at 400 Ruthven Street in Toowoomba, QLD.

Interpreting the BSB Number (638-740)

Let’s break down the BSB number (638-740) to understand its interpretation:

1. Bank Identification: The first two digits, ’63,’ represent Heritage Bank.

This ensures that the funds are directed to Heritage Bank, distinguishing it from other financial institutions. 2.

State or Territory Identification: The third digit, ‘8,’ shows that the branch is located in Queensland (QLD). This detail narrows down the geographical location of the bank, making it easier for the PEH system to route the funds.

3. Branch Identification: The last three digits, ‘740,’ specify the branch of Heritage Bank.

In this case, it indicates the branch located at 400 Ruthven Street in Toowoomba, QLD. This precise identification ensures that the funds reach the correct recipient within the bank.

By understanding the structure and interpretation of the BSB number, you can gain more insights into the banking system and how funds are processed and routed effectively.


The PEH system and the BSB number work hand in hand to simplify and secure banking transactions in Australia. The PEH system acts as a centralized hub, coordinating the transfer of funds between banks and branches, ensuring payments reach the right accounts accurately and efficiently.

The BSB number, with its unique structure, plays a vital role in identifying and routing funds within the banking system. By understanding the PEH system and the BSB number’s significance, you can navigate the world of banking with confidence, knowing that your funds are in safe hands.

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