Bank Code Verified

762-597, BSB Number for Commonwealth Bank, St Marys, NSW

BSB Number: 762-597

Bank: Commonwealth Bank

Financial Institution: CBA

Address: 106 Queen Street

City: St Marys

State: NSW

Postcode: 2760

System: PEHBSB numbers, or Bank-State-Branch numbers, are a crucial component of the banking system in Australia. These six-digit numbers play a significant role in identifying and routing funds for millions of transactions that occur every day.

Understanding the importance of BSB numbers and how they are used is essential for individuals and businesses to ensure a smooth and efficient banking experience. Topic 1:to BSB numbers

BSB numbers act as a unique identifier for each bank branch within Australia.

They consist of three components: the bank number, the state code, and the branch code. The first two digits represent the bank number, the following two digits indicate the state code, and the final two digits identify the specific branch.

For example, in the BSB number 762-597, 762 represents the bank, while 597 represents the branch. BSB numbers are essential for various banking transactions, including direct debits, electronic fund transfers, and clearing house payments.

When initiating a transaction, the BSB number ensures that the funds are directed to the correct financial institution and branch. It acts as a sorting mechanism, allowing banks to process transactions efficiently.

Topic 2: Commonwealth Bank

The Commonwealth Bank is one of the largest banks in Australia and operates under the BSB number 062-111. With its headquarters in Sydney, the bank provides a wide range of financial services to individuals and businesses across the country.

It is known for its strong commitment to customer satisfaction and innovation in the banking industry. The Commonwealth Bank’s BSB number, 062-111, is used by customers to identify the bank and route funds to the appropriate branch.

This BSB number is accepted by various payment systems, including the Automated Clearing House (ACH) and electronic funds transfers. Individuals and businesses can use this BSB number when initiating transactions to ensure that their funds reach the Commonwealth Bank smoothly and securely.

The bank’s physical address is 106 Queen Street, St Marys, NSW 2760. Located in the heart of St Marys, the branch provides convenient access to banking services for local residents and businesses.

The Commonwealth Bank’s branch in St Marys has a reputation for offering excellent customer service and personalized financial advice. The Commonwealth Bank is an integral part of the Australian banking system.

It plays a crucial role in driving economic growth by providing loans, investment opportunities, and financial solutions to individuals and businesses. The bank’s strong presence and extensive network of branches and ATMs make it easily accessible for customers across the country.

The Commonwealth Bank’s commitment to innovation is evident through its digital banking services. With the advancement in technology, individuals and businesses can conveniently manage their finances through online banking, mobile apps, and contactless payment options.

These services have made banking more accessible and efficient for customers, reducing the need for physical visits to the branch. In conclusion, BSB numbers are a fundamental part of the banking system in Australia.

They serve as unique identifiers for bank branches and play a crucial role in routing funds accurately. Understanding the importance of BSB numbers, such as the one used by the Commonwealth Bank, allows individuals and businesses to navigate the banking system effectively.

With the convenience of digital banking and the commitment to customer satisfaction, the Commonwealth Bank continues to be a trusted financial institution for Australians. Topic 3: PEH System

The PEH system, also known as the Personal Electronic Home Banking (PEH) system, is a widely used electronic banking service in Australia.

Developed by the Commonwealth Bank, the PEH system allows customers to conveniently manage their finances from the comfort of their homes. The PEH system is closely related to the BSB number provided, as it acts as a unique identifier for a specific branch within the Commonwealth Bank.

When customers sign up for the PEH system, they are assigned a BSB number that corresponds to their designated branch. This BSB number is necessary to access the PEH system and perform various banking transactions online.

Through the PEH system, customers can check their account balances, transfer funds, pay bills, and even apply for loans or credit cards. The system provides a secure platform for customers to manage their financial activities without the need to visit a physical branch.

By linking their BSB number to their online banking account, customers have the freedom to conduct banking transactions at their own convenience. The PEH system has revolutionized the banking industry by providing customers with more control and flexibility.

With the ability to access their accounts 24/7, individuals can easily monitor their spending patterns, set up automated payments, and receive real-time notifications about their account activities. This convenience has not only saved customers time but has also allowed them to have a better understanding and control of their financial well-being.

Topic 4: Understanding BSB number structure

BSB numbers follow a specific structure that holds valuable information about the bank and branch they represent. Each digit within the BSB number has a distinct significance and aids in identifying the financial institution and routing funds accurately.

The first two digits of the BSB number represent the bank number. In the given BSB number, 762-597, the bank number is 762.

This indicates that the account belongs to Commonwealth Bank, as each bank operating in Australia is assigned a unique bank number. The next two digits indicate the state code.

In this case, “59” represents New South Wales (NSW), where St Marys is located. Each state and territory in Australia has its own distinct code to differentiate bank branches across different regions.

The final two digits of the BSB number identify the specific branch. In the provided BSB number, “597” represents the branch of the Commonwealth Bank located at 106 Queen Street, St Marys.

This two-digit branch code is crucial in routing funds accurately to the intended financial institution and branch. By breaking down the BSB number, individuals and businesses can gain valuable information about the bank and branch associated with their account.

This knowledge can help streamline banking transactions, ensure correct routing of funds, and assist in providing accurate information when conducting financial activities. In conclusion, the PEH system, developed by the Commonwealth Bank, provides customers with a convenient and secure platform to manage their finances.

Through the PEH system, customers can access their accounts, perform various banking transactions, and have better control over their financial well-being. Understanding the structure of BSB numbers, such as the one provided, allows individuals and businesses to identify the bank and branch associated with their account and ensure the accurate routing of funds.

With the combination of the PEH system and the unique BSB numbers, the Commonwealth Bank continues to provide innovative and accessible banking solutions to its customers.

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