Bank Code Verified

732-285, BSB Number for Westpac Bank, Hornsby, NSW

BSB Number: 732-285

Bank: Westpac Bank

Financial Institution: WBC

Address: 30 Florence Street

City: Hornsby

State: NSW

Postcode: 2077

System: PEHHave you ever wondered what those series of numbers on your bank statement mean? They are called BSB numbers, and they play a crucial role in the banking system.

In this article, we will explore what BSB numbers are, why they are important, and how they are used for identification and routing of funds. We will also take a closer look at Westpac Bank, one of Australia’s largest banking institutions.

Topic 1:to BSB numbers

BSB numbers, also known as Bank-State-Branch numbers, are a unique identifier for Australian banks. They consist of six digits, with the first two representing the bank, the next two representing the state, and the final two representing the branch.

These numbers are essential for a range of banking operations, including transferring funds, setting up direct debits, and verifying account details. 1.1 The importance of BSB numbers in the banking system

BSB numbers are crucial for the efficient functioning of the banking system.

They streamline the process of routing funds between banks and ensure that transactions are processed accurately. Without BSB numbers, it would be challenging to identify the recipient bank and branch, leading to potential errors and delays in transferring funds.

1.2 Using BSB numbers for identification and routing of funds

When you initiate a fund transfer, the BSB number helps identify the recipient bank and branch. This is particularly important for interbank transfers, as it ensures that the funds reach the correct financial institution.

BSB numbers also play a role in routing funds within a bank, as they determine which branch the money should be sent to. Furthermore, BSB numbers are used to verify that the account details provided by the sender are accurate.

By cross-referencing the BSB number with the account number, banks can ensure that the funds are being transferred to the correct recipient. Topic 2: Westpac Bank

Westpac Bank, short for Westpac Banking Corporation, is one of Australia’s leading banking institutions.

With a history dating back to 1817, Westpac has grown to become one of the “Big Four” banks in Australia, along with Commonwealth Bank, ANZ, and National Australia Bank. 2.1 Westpac’s commitment to customer service

Westpac is dedicated to providing exceptional customer service.

The bank offers a wide range of banking products and financial services, including personal banking, business banking, wealth management, and insurance. They strive to meet the diverse needs of their customers and are committed to simplifying banking processes through innovative technology.

2.2 Westpac’s community involvement

Westpac takes an active role in supporting the communities they serve. The bank is involved in various philanthropic activities, including partnerships with charity organizations, financial assistance programs, and initiatives to promote financial literacy.

Westpac believes in giving back and empowering individuals and businesses to thrive. 2.3 Westpac’s commitment to sustainability

In recent years, Westpac has shown a strong commitment to sustainability and environmental responsibility.

The bank has set targets to reduce its environmental footprint and has implemented initiatives to promote renewable energy and reduce waste. Westpac recognizes the importance of protecting the environment for future generations and aims to be a leader in sustainable banking practices.


In this article, we explored the significance of BSB numbers in the banking system and how they are used for identification and routing of funds. We also took a closer look at Westpac Bank, highlighting their commitment to customer service, community involvement, and sustainability.

BSB numbers may seem like a series of random digits, but they play a crucial role in ensuring the smooth operation of the banking system. Whether you are transferring funds or setting up automatic payments, understanding the importance of BSB numbers can help you navigate the world of banking with ease.

Topic 3: PEH System

The PEH system, also known as the Private Electronic Clearing House system, is a payment system used in Australia. It provides a secure and efficient way to process electronic transactions, including direct debits and direct credits.

The PEH system is managed by the Australian Payments Network (AusPayNet), which ensures that transactions are processed accurately and in a timely manner. 3.1 What does PEH stand for?

PEH stands for Private Electronic Clearing House. The term “clearing house” refers to an organization that facilitates the settlement of transactions between different banks.

In the case of the PEH system, it acts as a clearing house for electronic payments. 3.2 How does the PEH system relate to the BSB number provided?

The BSB number plays a crucial role in the PEH system. When a payment is initiated, the BSB number is used to identify the recipient’s bank and branch.

This information is necessary for the PEH system to determine where the funds should be transferred. The PEH system utilizes the BSB number as part of its routing process to ensure that the payment reaches the correct financial institution.

Topic 4: Understanding BSB number structure

The BSB number consists of six digits, with each digit carrying a specific meaning and significance. Let’s break down the structure of the BSB number provided (732-285) and interpret its different components.

4.1 The first two digits: Bank

The first two digits of the BSB number (732-285) represent the bank. In this case, the bank is Westpac Bank.

Each bank in Australia is assigned a unique two-digit code, allowing for easy identification within the banking system. For example, if the first two digits were “01,” it would represent the Commonwealth Bank.

4.2 The next two digits: State

The following two digits (732-285) represent the state where the branch is located. In this case, the state is New South Wales (NSW).

Each state and territory in Australia is assigned a unique two-digit code. For instance, “01” represents New South Wales, “02” is Victoria, “03” is Queensland, and so on.

4.3 The final two digits: Branch

The last two digits (732-285) indicate the specific branch within the bank. The branch code is assigned by the bank and provides further identification within the banking system.

These two digits help route funds to the correct branch of the bank. In our example, “285” represents a specific branch of Westpac Bank.


In this article, we explored the PEH system and its relationship to the BSB number provided. The PEH system serves as a private electronic clearing house, facilitating the processing of electronic transactions in Australia.

The BSB number plays a vital role within this system, helping identify the recipient’s bank and branch. We also dissected the structure of BSB numbers, highlighting the significance of different digits within the number.

The first two digits represent the bank, the next two represent the state, and the final two represent the branch. Understanding the structure of the BSB number enables individuals and businesses to interpret and utilize this information effectively.

By familiarizing ourselves with the PEH system and the structure of BSB numbers, we can navigate the banking system with greater ease and understand how these numbers are used for identification and routing of funds. Whether it’s making a payment or verifying account details, the BSB number and the PEH system are essential components of the Australian banking landscape.

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