Bank Code Verified

880-004, BSB Number for Heritage Bank, Toowoomba, QLD

BSB Number: 880-004


Heritage Bank

Financial Institution: HBS

Address: 400 Ruthven Street

City: Toowoomba

State: QLD

Postcode: 4350

System: E_x000D_to BSB Numbers:

When it comes to banking, BSB numbers play a crucial role in identification and routing of funds. These numbers, also known as Bank State Branch numbers, are unique identifiers assigned to each individual branch of a financial institution in Australia.

Each BSB number comprises six digits, with the first two digits representing the financial institution and the remaining four digits indicating the specific bank branch. While this may seem like a mundane set of numbers, BSB numbers actually hold great importance in the banking system.

Identification and Routing of Funds:

First and foremost, BSB numbers are used for the identification of financial institutions and their branches. This is especially important in a country like Australia, where many banks have multiple branches spread across different cities and towns.

The BSB number ensures that each branch has a distinct identity, making it easier for customers and other financial institutions to accurately address and route funds. When processing transactions, BSB numbers also help in the efficient routing of funds.

Let’s say you want to transfer money to your friend’s bank account. Without a BSB number, it would be virtually impossible for the bank to determine the correct branch to send the funds to.

However, by providing the BSB number of your friend’s bank branch, the transaction can be swiftly routed to the correct destination. This not only saves time but also reduces the risk of misdirected or delayed funds.

Moreover, BSB numbers are not only relevant for domestic transfers but also for international transactions. International banks often require BSB numbers when sending funds to Australian bank accounts.

This ensures that the money reaches the intended recipient’s bank branch, guaranteeing a seamless transfer process. Additionally, BSB numbers also facilitate interbank transactions.

Banks use these numbers to communicate with each other when processing payments or conducting other financial operations. By incorporating BSB numbers in their systems, banks can quickly and accurately identify the recipient bank branch, ensuring smooth transactions between different financial institutions.

In conclusion, BSB numbers are an essential component of the banking system in Australia. They serve as unique identifiers for financial institutions and their branches, enabling efficient and reliable identification and routing of funds.

Whether it be domestic or international transfers, BSB numbers play a crucial role in ensuring the seamless movement of money between bank accounts. So, the next time you make a transaction, take a moment to appreciate the significance of those six digits that make up the BSB number.

Heritage Bank

Heritage Bank is a well-established financial institution that has been serving the banking needs of Australians for over 140 years. With its headquarters located in Toowoomba, Queensland,

Heritage Bank has grown to become one of the country’s largest customer-owned banks.

Let’s take a closer look at what sets

Heritage Bank apart and why it has become a trusted name in the industry. Customer Focus and Personal Service:

One of the key factors that differentiate

Heritage Bank is its unwavering commitment to customer satisfaction.

As a customer-owned bank,

Heritage Bank operates with a customer-centric approach, ensuring that the needs and preferences of its members are always given top priority. This customer focus is reflected in the bank’s personalized service, where customers are treated not just as account holders but as valued individuals.

Heritage Bank understands that banking is not just about numbers and transactions; it’s about building relationships. The friendly and knowledgeable staff at

Heritage Bank are always willing to go the extra mile in assisting customers with their banking needs.

From opening accounts to providing financial advice,

Heritage Bank aims to make banking a pleasant and hassle-free experience for its members. Innovative Banking Solutions:

In today’s fast-paced digital world,

Heritage Bank recognizes the importance of staying ahead of the curve when it comes to banking technology.

The bank offers a comprehensive range of innovative banking solutions designed to simplify the financial lives of its customers. From convenient mobile banking apps to secure online banking platforms,

Heritage Bank ensures that its members have access to their accounts anytime, anywhere.


Heritage Bank continually invests in technology upgrades and system enhancements to provide a seamless banking experience. Whether it be transferring funds, paying bills, or managing investments, customers can rely on

Heritage Bank’s robust and user-friendly digital banking platforms to fulfill their financial needs with ease.

Community Involvement:

Heritage Bank understands the importance of giving back to the communities it serves. With a strong commitment to social responsibility, the bank actively supports various local initiatives and community events.

From sponsoring local sporting teams to participating in charity drives,

Heritage Bank actively contributes to the welfare and development of the regions it operates in. By actively engaging with the community,

Heritage Bank not only strengthens its relationship with its customers but also helps foster a sense of belonging and togetherness.

This community-centric approach sets

Heritage Bank apart from its competitors and demonstrates its dedication to making a positive difference beyond just banking services. In conclusion,

Heritage Bank stands out in the banking industry due to its customer-focused approach, innovative banking solutions, and community involvement.

With a rich history spanning over a century,

Heritage Bank has established itself as a trusted name that prioritizes the needs and satisfaction of its customers. Whether you’re a new customer or a long-time member,

Heritage Bank is dedicated to helping you achieve your financial goals and providing a banking experience that is both personalized and technology-driven.

Topic 3: E System

In the digital age, technology has revolutionized every aspect of our lives, including banking. One of the key technological advancements in the banking system is the introduction of the E System.

So, what exactly does the “E” stand for, and how does it relate to the BSB number provided? The “E” in the E System refers to Electronic, indicating the shift towards electronic banking and digital transactions.

With the advent of the E System, banks have embraced technology to provide customers with convenient, secure, and efficient banking services. Through the E System, customers can perform a range of banking activities online, such as transferring funds, paying bills, and managing their accounts, all from the comfort of their own homes.

But how does the E System relate to the BSB number provided? The BSB number acts as a vital link between the physical bank branch and the digital realm.

While the BSB number primarily serves as an identifier and routing tool, it also enables seamless integration with the E System. By incorporating the BSB number in online banking platforms, customers can easily access and manage their accounts electronically.

In this digital landscape, the E System allows customers to conduct transactions without the need for physical presence at a bank branch. Whether it’s checking account balances or transferring funds between accounts, the E System empowers customers to bank whenever and wherever they choose.

This level of convenience has forever transformed the way we perceive and interact with banking services. Moreover, the E System has significantly enhanced the security of online banking.

With sophisticated encryption technology and multi-factor authentication protocols, the E System ensures that customers’ financial information remains protected. By leveraging the BSB number as part of the authentication process, the E System adds an additional layer of security, preventing unauthorized access to bank accounts and transactions.

The E System has not only streamlined banking processes for customers but also brought about operational efficiencies for financial institutions. By reducing the reliance on physical paperwork and manual processes, banks can save time and resources, allowing them to focus on delivering improved services and innovations.

The integration of the BSB number within the E System enables banks to accurately and efficiently route funds and process transactions in a matter of seconds, enhancing overall operational effectiveness. In conclusion, the E System represents the digital transformation of the banking industry.

By embracing technology, banks have leveraged the power of the E System to provide customers with convenient and secure online banking services. The integration of the BSB number within the E System has facilitated the seamless transition to digital transactions, ensuring efficient identification, routing, and security of funds.

As the E System continues to evolve, we can expect even more innovative banking solutions that will shape the future of banking. Topic 4: Understanding BSB Number Structure

To truly comprehend the significance of a BSB number, it is essential to understand its format and structure.

Each BSB number consists of six digits, with each digit playing a specific role in identifying the financial institution and its branch. Let’s break down the structure of the BSB number provided (880-004) and explore the meaning behind each digit.

The first two digits of the BSB number (88) represent the financial institution. In this case, the digits ’88’ indicate that the financial institution is

Heritage Bank.

These digits are assigned uniquely to each financial institution, ensuring that no two institutions share the same code. The next four digits (004) identify the specific bank branch within the financial institution.

In this instance, the BSB number ‘004’ corresponds to the

Heritage Bank branch located at 400 Ruthven Street in Toowoomba, Queensland. These digits further delineate between different bank branches, allowing for precise routing of funds and identification of specific banking locations.

The BSB number structure is designed to be easily recognizable and memorable, enabling customers to identify their own branch and facilitate efficient transaction processing. The significance of these digits lies in their ability to streamline the flow of funds and accurately direct transactions within the banking system.

It’s worth noting that BSB numbers are not randomly assigned but are carefully regulated by the Australian Payments Network (AusPayNet). This governing body ensures that BSB numbers are allocated fairly and accurately, maintaining the integrity and functionality of the banking system.

Additionally, in recent years, the BSB numbering system has undergone some changes to accommodate industry developments. The introduction of the New Payments Platform (NPP) has seen the addition of a seventh digit to certain BSB numbers, which indicates the specific payment service being used.

This allows for more specialized payment routing and faster transaction processing. In conclusion, the structure of the BSB number plays a vital role in the identification and routing of funds within the banking system.

From the first two digits representing the financial institution to the four digits representing the specific bank branch, each digit contributes to the seamless flow of transactions. Understanding the structure of the BSB number is essential for accurately interpreting and utilizing this important identifier in the world of banking.

Popular Posts