A BSB (Bank-State-Branch) number is a six-digit code used exclusively in the Australian banking system to identify individual bank branches. This unique identifier helps route domestic payments accurately within Australia's financial network.
Key Facts About BSB Numbers:
Format: Always six digits, typically displayed as XXX-XXX
First two digits: Identify the bank or financial institution
Last four digits: Specify the particular branch location
Purpose: Essential for domestic transfers within Australia
Limitation: Not applicable for international banking transactions
International Banking Note:
If you're making international transfers to or from Australia, a BSB number alone is insufficient. International transactions require:
SWIFT/BIC code (international bank identifier)
Account number
Sometimes an IBAN (for certain countries)
For detailed information about the banking details required for your specific transaction type, please log into the FXTRADING.com Client Portal, where you'll find comprehensive guidance on both domestic and international banking requirements.