Bank Code Verified

733-063, BSB Number for Westpac Bank, Cheltenham, VIC

BSB Number: 733-063

Bank: Westpac Bank

Financial Institution: WBC

Address: Shop 1105 Westfield Southland

City: Cheltenham

State: VIC

Postcode: 3192

System: PEHto BSB Numbers: Understanding the Backbone of Banking

Imagine a world without a standardized system for identifying and routing funds in the banking system. Chaos would reign, transactions would be lost, and the smooth flow of money would come to a screeching halt.

Thankfully, this is not the case, thanks to the existence of BSB numbers. Topic 1:to BSB numbers

BSB, or Bank-State-Branch, numbers are a unique identifier used in the Australian banking system.

They play a crucial role in ensuring the accurate routing of funds between banks, making them an essential component of any financial transaction. Understanding BSB numbers is key to navigating the intricacies of the banking world.

Why are BSB numbers important? 1.

Identification: BSB numbers help banks identify which financial institution and branch a particular account belongs to. With thousands of banks and branches across the country, this system makes it easier to accurately process transactions.

2. Routing: When money is transferred from one bank account to another, BSB numbers ensure that it reaches the intended destination.

By including the recipient’s BSB number, the sending bank can route the funds correctly, avoiding any potential misdirection. 3.

Efficiency: BSB numbers streamline the banking process, allowing for quick and accurate transfers. Without these numbers, banks would have to rely on manual sorting and processing, leading to delays and errors.

How are BSB numbers used for identification and routing? 1.

Identification: Every bank and branch in Australia has a unique BSB number. This six-digit code consists of three parts: the first two digits represent the bank, the next two represent the state, and the final two denote the specific branch.

For example, in BSB number 733-063, the first two digits (73) correspond to Westpac Bank, the next two (30) refer to Victoria, and the last two (63) identify the Cheltenham branch. 2.

Routing: When funds are transferred, the BSB number plays a crucial role in ensuring the money ends up in the right account. The BSB number is used by the sending bank to determine which financial institution and branch to route the funds to.

Without this number, the transfer would be akin to sending a letter without an address. 3.

Verification: BSB numbers also serve as a form of validation, ensuring that the recipient’s account belongs to the correct bank and branch. By cross-referencing the BSB number with the recipient’s account details, banks can confirm the accuracy of the transaction.

Topic 2: Westpac Bank

With a rich history dating back to 1817, Westpac Bank is one of Australia’s oldest and most esteemed financial institutions. Known for its commitment to customer service and innovative offerings, Westpac Bank has become a trusted name in the banking industry.

About Westpac Bank

1. Legacy: Westpac Bank traces its roots back to the Bank of New South Wales, which was established in 1817.

Over the years, the bank has undergone numerous transformations, expanding its services and customer base. 2.

Banking Products: Westpac Bank offers a wide range of banking products and services to cater to the diverse needs of its customers. From everyday accounts and savings options to loans, credit cards, and investment opportunities, Westpac Bank provides comprehensive financial solutions.

3. Digital Innovation: Embracing the digital era, Westpac Bank has prioritized technological advancements to enhance the customer banking experience.

With mobile banking apps, online platforms, and contactless payment options, customers have easy access to their accounts from anywhere, at any time. 4.

Community Engagement: Westpac Bank believes in giving back to the communities it serves. Through various initiatives, such as grants, scholarships, and partnerships with nonprofit organizations, Westpac Bank actively supports social causes and endeavors.


BSB numbers form the backbone of the Australian banking system, enabling the identification and routing of funds with efficiency and accuracy. Understanding the importance of these numbers is essential for anyone engaging in financial transactions.

As for Westpac Bank, its long-standing history, commitment to innovation, and dedication to community engagement make it a leading player in the Australian banking landscape. Topic 3: PEH System: Enhancing Efficiency in Banking Transactions

In the dynamic and fast-paced world of banking, efficiency is paramount.

To ensure the smooth flow of funds and accurate processing of transactions, the PEH system comes into play. In this section, we will delve into what the PEH system stands for and how it relates to the BSB number provided.

What is the PEH system? PEH stands for Payment Event Handling, a system used by banks in Australia to manage and process financial transactions.

It is a robust and sophisticated system that handles the intricate details of payment events, ensuring seamless execution and precise routing of funds. By integrating the BSB number within the PEH system, banks can enhance efficiency, minimize errors, and optimize the banking experience for both customers and financial institutions.

The relationship between PEH and BSB numbers

The BSB number provided, 733-063, is related to the PEH system in terms of routing funds accurately within the Westpac Bank network. When a payment event occurs, the system takes into account the BSB number to identify the bank, state, and branch associated with the recipient’s account.

This information is crucial for successful routing, ensuring that the funds reach the intended destination in a timely and secure manner.

The benefits of the PEH system

1. Accuracy: By relying on the PEH system, banks can minimize errors in payment processing.

This is especially important when dealing with large volumes of transactions, as even the smallest mistake can have significant consequences. The PEH system automates many of the processes involved in payment events, reducing the risk of human error and increasing accuracy.

2. Speed: The PEH system allows for swift processing and transfer of funds.

With real-time updates and notifications, customers can enjoy quick access to their money, enabling them to manage their finances efficiently. Additionally, the PEH system ensures that transactions are processed promptly, minimizing the time it takes for funds to reach their intended recipients.

3. Security: In the ever-evolving landscape of cyber threats, security is a top concern for banks and customers alike.

The PEH system incorporates stringent security measures, such as encryption and authentication protocols, to safeguard sensitive financial information. This provides peace of mind to users, knowing that their transactions are protected against unauthorized access.

4. Transactional Visibility: The PEH system offers transparency and visibility into payment events, allowing both banks and customers to track the progress of transactions.

This increased visibility enhances customer satisfaction and facilitates efficient query resolution, should any issues arise during the payment process. Topic 4: Understanding BSB number structure: Cracking the Code

The BSB number structure is not just a random sequence of digits; it contains vital information that helps identify the bank, state, and branch associated with a specific account.

In this section, we will outline the format and structure of BSB numbers, highlighting the significance of different digits within the number. We will also break down and interpret the BSB number provided – 733-063.

The structure of BSB numbers

BSB numbers consist of six digits divided into two parts – the bank number and the branch number. The first two digits represent the bank, the next two digits represent the state, and the final two digits indicate the specific branch.

The structure is as follows: BBB-SSS.

Interpreting the BSB number 733-063

1. The first two digits – 73: In the case of the BSB number provided, the first two digits (73) represent Westpac Bank.

Each bank in Australia is assigned a unique bank number. For example, the bank number for Westpac Bank is 73.

2. The next two digits – 30: The following two digits (30) indicate the state where the branch is located.

In this case, the state code 30 corresponds to Victoria. Each state in Australia has its own specific code.

3. The last two digits – 63: The final two digits (63) within the BSB number identify the specific branch.

In the context of the BSB number provided, 63 refers to the Cheltenham branch of Westpac Bank.

Understanding the significance

The structure of BSB numbers allows for the seamless identification and routing of funds within the Australian banking system. By breaking down and interpreting each digit, banks can accurately process transactions and ensure that the funds reach the intended recipient.

This standardized system eliminates confusion and enables efficient banking operations across the nation.


The PEH system and BSB numbers work hand in hand to facilitate efficient and accurate banking transactions in Australia. PEH ensures seamless and secure payment event handling, with the BSB number serving as a crucial identifier within the system.

Understanding the structure and significance of BSB numbers allows for precise identification and routing of funds, contributing to the overall efficiency of the banking system. By embracing technological advancements and adhering to standardized systems like PEH and BSB numbers, Australian banks like Westpac Bank continue to provide customers with a reliable and streamlined banking experience.

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