Bank Code Verified

732-963, BSB Number for Westpac Bank, Sydney, NSW

BSB Number: 732-963

Bank: Westpac Bank

Financial Institution: WBC

Address: 341 George Street

City: Sydney

State: NSW

Postcode: 2000

System: PEHto BSB numbers

Have you ever wondered what those strange numbers at the bottom of your bank statement mean? Well, those numbers are known as 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. What are BSB numbers?

BSB stands for Bank State Branch, and it is a unique six-digit number used to identify specific banks and branches in Australia. Each bank and branch has its own unique BSB number, which allows for easy identification and routing of funds.

Think of BSB numbers as the postal codes for banks.

Importance of BSB numbers in the banking system

BSB numbers are fundamental in ensuring the smooth functioning of the banking system. They serve several important purposes:


Identification: BSB numbers help to identify the specific bank and branch associated with a particular account. This is crucial when transferring funds between different banks or when setting up direct debits or credits.

2. Routing of funds: When you want to transfer money to another account, whether it is within your own bank or to a different bank, the BSB number is used to direct the funds to the correct branch.

This ensures that the money reaches the intended recipient without any delays or errors. 3.

Security: BSB numbers help to ensure the security of transactions by ensuring that funds are routed to the correct bank and branch. Without the correct BSB number, it would be impossible to transfer funds to the intended recipient.

How are BSB numbers used for identification and routing of funds? When setting up a new account, you will be assigned a unique BSB number that corresponds to your bank and branch.

This BSB number will be used whenever you need to transfer funds or set up direct debits or credits. To transfer funds to another account, you will need to provide the recipient’s BSB number along with their account number.

The BSB number helps to identify the bank and branch where the recipient’s account is held. If the recipient’s BSB number is incorrect or missing, the transfer will be unsuccessful.

When transferring funds within your own bank, you typically only need to provide the recipient’s account number. This is because the BSB number is already known within the bank’s system.

However, if you are transferring funds to a different bank, you will need to provide the recipient’s BSB number in addition to their account number.


BSB numbers are an essential part of the banking system in Australia. They are used for identification and routing of funds, ensuring that money reaches the intended recipient without any delays or errors.

By understanding the importance of BSB numbers, you can ensure that your financial transactions are secure and efficient.

PEH System

In the world of banking, the PEH system is a term that refers to the Process Electronic Handling system. It is a method used by banks to automate and streamline the handling of electronic transactions.

The PEH system plays a crucial role in ensuring the smooth and efficient processing of transactions, including those involving BSB numbers. The PEH system is responsible for handling various types of electronic transactions, such as fund transfers, direct debits, and direct credits.

It operates behind the scenes, working in conjunction with BSB numbers to ensure that transactions are processed accurately and securely. When a transaction is initiated, the PEH system uses the BSB number provided to identify the bank and branch where the funds are to be routed.

It then validates the BSB number to ensure its accuracy and checks if the account number provided is valid and matches the bank and branch identified by the BSB number. By using the PEH system, banks can automate the routing and processing of transactions, reducing the risk of errors and delays.

It enables funds to be transferred seamlessly between accounts, whether they are within the same bank or different banks.

Understanding BSB number structure

Now let’s dive into the structure of BSB numbers and how they can be interpreted. A BSB number consists of six digits, which are arranged in a specific format.

Each digit within the BSB number has its own significance and contributes to identifying the bank and branch associated with the account. The first two digits of the BSB number represent the bank code.

These digits indicate the financial institution to which the account belongs. In the case of the BSB number provided (732-963), the bank code is 73, which corresponds to Westpac Bank.

The third digit of the BSB number is known as the state code. It identifies the state where the bank branch is located.

In this case, the third digit is 2, meaning the Westpac Bank branch associated with this BSB number is located in New South Wales (NSW). The fourth and fifth digits of the BSB number represent the branch code.

These digits indicate the specific branch within the bank. In the given BSB number (732-963), the branch code is 963, identifying a particular branch of Westpac Bank.

The last digit of the BSB number is known as the check digit. It is used for validation purposes, ensuring that the BSB number is entered correctly and accurately.

The check digit is calculated using a mathematical algorithm based on the other digits in the BSB number. To summarize, the BSB number 732-963 corresponds to Westpac Bank, located at 341 George Street in Sydney, NSW.

The first two digits (73) represent the bank code, the third digit (2) represents the state code, and the fourth and fifth digits (963) represent the branch code.


The PEH system and BSB numbers are interconnected components of the Australian banking system. The PEH system automates the processing of electronic transactions, using BSB numbers to identify the correct bank and branch for routing funds.

Understanding the structure of BSB numbers is crucial for interpreting the information they provide and ensuring accurate and secure transactions. By delving into these topics, we gain a deeper understanding of how the banking system functions and how BSB numbers play a vital role in facilitating financial transactions.

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