A BSB code is a six-digit Australian routing identifier used to identify a financial institution and branch for domestic account payments. BSB stands for Bank State Branch. It routes the payment to the relevant institution and branch but does not identify the recipient’s individual account.
How is a BSB code formatted?
A BSB is commonly displayed as three pairs of digits, such as 123-456, although payment forms may require all six digits without punctuation. The account number is supplied separately.
When is a BSB code used?
- Australian domestic bank transfers
- Direct credits and direct debits
- Payroll and supplier payments
- Australian-dollar receiving instructions
- Account verification and reconciliation
BSB code vs. SWIFT/BIC
A BSB routes within the Australian banking system. A SWIFT/BIC Code identifies a financial institution for international messaging. A cross-border instruction may require a SWIFT/BIC as well as the beneficiary’s BSB and account number.
What should a payer verify?
Confirm the BSB, account number, account name, currency and payment route using approved bank details. A structurally valid BSB does not prove that the account belongs to the intended recipient.
