Definition
A BSB number is the six-digit code that identifies an Australian bank and branch, usually written in the format 123-456. Together with an account number, it lets payers send money to the right account. Australian invoices list the BSB, account number, and account name in the payment details.
Also called: BSB, Bank-State-Branch number, Bank state branch
BSB number in practice
BSB stands for Bank-State-Branch. The first digits identify the bank, the next the state, and the rest the branch. Many banks now use a single BSB for all their online accounts.
Clients paying from overseas need your bank's SWIFT code along with your BSB and account number, since Australia does not use IBANs.
With Confirmation of Payee, now offered by most Australian banks, the payer's bank checks the account name against the BSB and account number before a first payment. Use your account name exactly as your bank holds it to avoid a no-match warning.
Example
An invoice's payment section reads: "Direct deposit to Example Plumbing Pty Ltd, BSB 123-456, account 12345678, reference INV-0311."
Frequently Asked Questions
What is the difference between a BSB and a SWIFT code?
A BSB routes domestic Australian payments. A SWIFT code identifies a bank internationally and is needed, together with your BSB and account number, for payments from overseas.
Is it safe to put my BSB on an invoice?
Yes, it is standard practice. Your BSB and account number only let people pay into your account. Confirm any change of bank details by phone to guard against invoice fraud.
Related terms
- PayID PayID is an Australian service that links an easy identifier, such as an email address, mobile number, or ABN, to a bank account.
- BPAY BPAY is an Australian bill payment service that lets customers pay invoices through their own online banking using a biller code and a customer reference number.
- Sort code A sort code is the six-digit number that identifies a UK bank and branch, usually written in three pairs such as 12-34-56.
- Routing number A routing number is the nine-digit code that identifies a US bank or credit union in domestic transfers.
- SWIFT code A SWIFT code, also called a BIC (Bank Identifier Code), is an 8 or 11 character code that identifies a specific bank and branch for international wire transfers.
- ABN An ABN, or Australian Business Number, is an 11-digit number that identifies a business to the Australian government and other businesses.
This page is for general information only and is not legal, tax, or financial advice. Rules change and vary by location, so consult a qualified lawyer or accountant about your situation.