Bank Code Verified

767-013, BSB Number for Commonwealth Bank, Deloraine, TAS

BSB Number: 767-013

Bank: Commonwealth Bank

Financial Institution: CBA

Address: 24 Emu Bay Road

City: Deloraine

State: TAS

Postcode: 7304

System: PEHBSB numbers are a fundamental part of the banking system in Australia. They serve as a unique identifier for each bank branch and are crucial for the routing of funds accurately.

In this article, we will explore what BSB numbers are and why they are important in the banking system. We will also focus on the Commonwealth Bank, one of Australia’s leading financial institutions, and discuss its background, services, and the significance of its BSB number 767-013.

Topic 1:to BSB numbers

BSB numbers, or Bank State Branch numbers, are a six-digit numerical code assigned to each bank branch in Australia. They play a vital role in the banking system as they are used for identification and routing of funds.

Each BSB number signifies a specific bank branch, allowing for seamless transaction processing and accurate allocation of funds. BSB numbers consist of three parts.

The first two digits represent the bank (in the case of the Commonwealth Bank, this is 76). The next two digits indicate the state or territory where the branch is located (01 for Tasmania).

The final two digits identify the specific branch within that state (in this case, 3). This hierarchical structure enables easy identification and routing of funds to the correct bank branch.

When making a bank transfer or deposit, it is crucial to include the BSB number of the recipient’s bank branch. This ensures that the funds reach the intended destination accurately and efficiently.

Without a correct BSB number, there is a risk of funds being misdirected or delayed, causing inconvenience for both the sender and the recipient. Topic 2: Commonwealth Bank

The Commonwealth Bank (CBA) is one of the largest and oldest banks in Australia, with a rich history dating back to its establishment in 1911.

It is widely recognized for its extensive range of banking and financial services catering to individuals, businesses, and institutional clients. With its headquarters located in Sydney, the Commonwealth Bank operates across Australia, offering a comprehensive suite of products and services.

These include personal banking, business banking, wealth management, insurance, and investment solutions. The bank’s focus on innovation and customer-centricity has positioned it as a leader in the industry.

The Commonwealth Bank’s BSB number, 767-013, is associated with its branch located at 24 Emu Bay Road in Deloraine, Tasmania. This BSB number serves as the unique identifier for this specific branch, allowing seamless processing of transactions and efficient routing of funds.

By utilizing the Commonwealth Bank’s services, customers can benefit from a wide range of features such as online and mobile banking, 24/7 customer support, competitive interest rates, and tailored financial solutions to meet their individual needs. The bank’s commitment to technological advancements ensures that customers can access their accounts securely and conveniently from anywhere at any time.

Conclusion:

In conclusion, BSB numbers are instrumental in the functioning of the Australian banking system. They provide a unique identification and routing mechanism for each bank branch, ensuring accurate allocation of funds.

The Commonwealth Bank, with its BSB number 767-013, is a prominent player in the banking industry, offering a diverse range of financial services and solutions. Understanding the importance of BSB numbers and utilizing them correctly is crucial for smooth and hassle-free banking transactions.

Topic 3: PEH System

The PEH system, also known as the Payments Entry Hub system, is a key component of the Australian banking infrastructure. It plays a significant role in the processing and clearing of payments, ensuring efficient and secure transfer of funds between banks and financial institutions.

The PEH system is closely related to the BSB numbers assigned to each bank branch. The Payments Entry Hub system acts as a central hub for all electronic payments in Australia.

It provides a platform for banks and financial institutions to submit and process various types of payments, including direct debits, credit transfers, and batch payments. Through the PEH system, these payments are organized, verified, and settled, ensuring accurate and timely transfer of funds.

When a payment is initiated, the BSB number of the recipient’s bank branch is used to route the funds through the PEH system. The BSB number serves as a unique identifier for the branch, allowing the PEH system to determine the appropriate destination for the funds.

The PEH system, in coordination with the Reserve Bank of Australia (RBA), facilitates the movement of funds between the sending and receiving banks. The PEH system operates on a batch processing basis, meaning that payments are grouped together and processed in batches rather than individually.

This allows for greater efficiency and cost-effectiveness in handling large volumes of transactions. The system also incorporates robust security measures to protect the integrity and confidentiality of the payment data.

By utilizing the PEH system, banks and financial institutions can streamline their payment operations, reducing processing times and improving overall efficiency. The system enables the seamless transfer of funds across different banks, ensuring that payments are settled accurately and promptly.

This contributes to the smooth functioning of the Australian financial system, benefiting both individuals and businesses. Topic 4: Understanding BSB number structure

BSB numbers follow a specific format and structure, consisting of six digits.

Each digit within the BSB number holds significance and provides valuable information about the bank branch it represents. Let’s break down the structure of a BSB number and interpret the digits for the given BSB number 767-013.

The first two digits: The first two digits of a BSB number identify the bank. In the case of the BSB number 767-013, these digits (76) represent the Commonwealth Bank.

The next two digits: The next two digits of a BSB number indicate the state or territory where the bank branch is located. In this example, the digits 70 represent Tasmania, the state where the Commonwealth Bank branch with BSB number 767-013 is situated.

The final two digits: The final two digits of a BSB number identify the specific bank branch within the state. For the BSB number 767-013, the digits 13 pinpoint the branch as the one located at 24 Emu Bay Road in Deloraine.

By breaking down and interpreting the digits of a BSB number, we can gather detailed information about the corresponding bank branch. This hierarchical structure ensures accurate identification and routing of funds, allowing for seamless processing of transactions within the banking system.

Understanding the structure of BSB numbers is essential when initiating bank transfers or deposits. It ensures that the correct BSB number is provided to direct the funds to the intended bank branch.

Accuracy in entering BSB numbers is vital to prevent misdirected or delayed payments, minimizing paperwork and inconvenience for both the sender and the recipient. In summary, BSB numbers play a critical role within the Australian banking system.

They provide a unique identification and routing mechanism for bank branches, ensuring accurate allocation of funds. The PEH system, in conjunction with BSB numbers, facilitates the smooth and secure processing of payments, contributing to the efficiency and reliability of the financial system.

Understanding the structure and significance of BSB numbers is crucial for seamless banking transactions and effective fund management.

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