What is the BSB Number?
A Bank State Branch (BSB) number is the name used in Australia for a
bank code, which is a branch identifier.
BSB is used as an identifier consisting of a six digit numerical code
that identifies an individual branch of an Australian financial
institution.
The BSB is normally used in association with the bank account number.
For international transfers a SWIFT identifier is used in addition to
the BSB identifier and a bank account number.
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The BSB number is made up of three parts:
AAB-CCC
- The first two numbers (AA) specify the financial
institution.
- The third number (B) indicates the state where the
branch is located.
- The last three numbers (CCC) are the unique
identifier for a branch.
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Click here to get list of all financial institutions .
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What is Swift Code?
SWIFT code (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes
approved by the International Organization for Standardization (ISO).
It is a unique identification code for both financial and non-financial institutions.
(When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.)
These codes are used when transferring money between banks, particularly for international wire transfers,
and also for the exchange of other messages between banks. The codes can sometimes be found on account statements.
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The SWIFT code is 8 or 11 characters, made up of:
- 4 letters: Institution Code or bank code.
- 2 letters: ISO 3166-1 alpha-2 country code
- 2 letters or digits: location code
- if the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
- if the second character is "1", then it denotes a passive participant in the SWIFT network
- if the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message
as opposed to the more usual mode whereby the sender pays for the message.
- 3 letters or digits: branch code, optional ('XXX' for primary office)
Where an 8-digit code is given, it may be assumed that it refers to the primary office. |
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Here is the list of all the institutes having SWIFT codes in Australia. All SWIFT codes >>
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