RACQ Bank BSB Numbers
If you need to look up a RACQ Bank BSB Number, we have you covered. See the full list of RACQ Bank BSB Numbers below.
RACQ Bank BSB Number For Various Branches Within Australia
Here is a list of RACQ Bank BSB Numbers in a table format, along with the full address of the branch that the said BSB Number is for.
| RACQ Bank BSB Number | BSB Name, Purpose or Financial Institution Using this BSB Number | RACQ Bank Branch Address |
|---|---|---|
| 514-000 | RACQ Bank | 2649 Logan Road, Eight Mile Plains, Queensland, 4113 |
| 514-179 | RACQ Bank | 2649 Logan Road, Eight Mile Plains, Queensland, 4113 |
RACQ is the short form of Royal Automobile Club of Queensland, and RACQ Bank is the trading name of Members Banking Group Limited.
There are many uses of BSB Numbers, but in case you intend to use yours for sending or receiving money internationally, you should check out money transfer companies. Banks generally charge high fees and provide low exchange rates, whilst money transfer companies do the exact opposite, i.e., give better rates and charge low fees.
As you can see above, RACQ Bank uses multiple BSB Numbers that vary from branch to branch. Make sure you use the correct RACQ Bank BSB Number to avoid any processing delays or errors.
That said, make sure you double check your RACQ Bank BSB Number before using it.
We strive our best to ensure RACQ Bank BSB Numbers are up to date on our website, but still recommend that you validate them with RACQ Bank before using the same.
How To Find The BSB Number For RACQ Bank?
There are several quick and easy ways to find the BSB Number for branches of RACQ Bank. Some of these include looking at your bank statements issued by RACQ Bank or visiting the website or mobile app of RACQ Bank.
Some banks also list their BSB Number on their Credit or Debit Cards, so you may want to check yours to locate your BSB Number in case it is printed on your card issued by RACQ Bank.
Finally, if you are still unable to easily locate your BSB Number, you can reach out to the customer service department of RACQ Bank, and they should be able to help you out.
What Is The Format Of A BSB Number?
BSB Numbers in Australia are always 6-digit long, and are made up of the following sub-parts:
- The first two digits of a BSB Number represent the code of the concerned bank.
- The next digit, i.e., the 3rd digit, represent the Australian state in which the bank is located.
- The last three digits identify the specific branch of the bank.
BSB Numbers in Australia are always 6-digit long. The digits of a BSB Number represent the bank, state of Australia and the branch code of the bank branch with that BSB Number.
Here is an example of a BSB Numbers from a popular Australian bank: Commonwealth Bank branch located at 191 Swanson Street, Melbourne, Victoria has BSB Number 063-019, whilst the branch located at 385 Bourke Street, Melbourne, Victoria has BSB Number 063-010.
The below image captures the format of a BSB Number along with our above example in an infographic format.
There are a lot more details about BSB Numbers that you may be interested in. If so, check out our comprehensive guide to Australian BSB Numbers below.
In case you need the BSB Number of RACQ Bank to send and receive funds internationally, there are many other easy ways to do so. Instead of relying on your bank that may charge high fees and provide low exchange rates, you can use international money transfer companies to get the best exchange rates and pay low transfer fees.
Frequently Asked Questions About BSB Numbers Of RACQ Bank
What Is A undefined BSB Number?
A undefined BSB Number, also known as a Bank State Branch Number, is a unique 6-digit fingerprint for a bank branch within the Australian banking industry. undefined BSB Numbers are used in Australia to facilitate the routing and processing of financial transactions, ensuring funds move seamlessly from one bank account to another.
What Is The Format Of A undefined BSB Number?
undefined BSB Numbers in Australia are always 6-digit long, and are made up of the following sub-parts:
- The first two digits of a BSB Number represent the code of the concerned bank.
- The next digit, i.e., the 3rd digit, represent the Australian state in which the bank is located.
- The last three digits identify the specific branch of the bank.
Can A Bank Or Financial Institution Have More Than One BSB Number?
Yes, absolutely. In fact, most Australian banks have multiple BSB Numbers. This is because undefined BSB Numbers in Australia help identify an exact undefined branch. Therefore, more often than not, Australian banks, credit unions and financial institutions have multiple BSB Numbers that are specific to each of their branches within the country.
What Is A undefined BSB Number Used For?
undefined BSB Numbers are very helpful anytime money needs to be routed between bank accounts held at various banks and financial institutions. This lends undefined BSB Numbers highly useful for many types of financial transactions; some of these include the below:
- Bank to bank transfers within Australia.
- Direct deposits from your employer in Australia.
- Routing electronic payments in the Australian banking and payments network.
How Can I Find A undefined BSB Number?
There are several quick and easy ways to find the BSB Number for your bank or credit union. Some of these include looking at your undefined account statements or visiting your bank's website or mobile app.
Is a undefined BSB Number the same as a Bank Account Number?
A undefined BSB Number is not the same as a bank account number as the 2 numbers represent different concepts.
The undefined BSB Number uniquely identifies the branch of your bank, whereas your undefined account number uniquely identifies your bank account within your bank.
The combination of the undefined BSB Number and your undefined account number help to uniquely identify your bank account within the Australian banking system. Therefore, if you are planning to receive funds in your Australian bank account, make sure to give the sender both your bank's BSB Number as well as your bank account number.
Is a undefined BSB Number the same as a SWIFT Code?
Even though a undefined BSB Number and a SWIFT Code help route money correctly into the correct bank account within a bank, there is a clear difference between the two.
A undefined BSB Number is unique within Australia, and helps to move money domestically within Australian banks. A SWIFT Code, on the other hand, is a globally unique identifier for a bank, and helps to route funds properly into Australian bank accounts from overseas.
For example, if someone was sending money from United States to your Australian bank account, you would need to provide them with your bank's SWIFT Code.
On the other hand, if you are receiving funds into your bank account from within Australia, you would need to provide your undefined BSB Number to the sender.
Is it Safe to Share a undefined BSB Number?
Since undefined BSB Numbers are public information and by themselves cannot be used to access your account, it should be safe to share them.
However, by sharing your bank's BSB Number with someone, you are letting them know the exact undefined branch your account is in. This poses a risk - if the other party were to find out your undefined account number, they could use that for potential unauthorized access.
We, thus, recommend that you only share your undefined BSB Number with someone you know and trust. For example, sharing your undefined BSB Number with your employer for receiving your salary into your undefined account is OK, but sharing it with your neighbor is probably not a good idea.
Is There an Alternative to undefined BSB Numbers?
Yes, there is a great alternative to undefined BSB Numbers, and it is PayID. PayID is a unique payment identifier in Australia that can be used to pay individuals as well as businesses.
PayID obviates the need to use undefined BSB Number and your bank account number to receive payments into your undefined account. Simply link your PayID to your bank account and share the same with whoever you wish to receive money from.
This way, the sender can use your PayID to send you the funds, and they do not need to know your bank account information. The funds will directly arrive into your bank account linked to your PayID.
Are undefined BSB Numbers also used in New Zealand?
undefined BSB Numbers are only used in Australia, and not in New Zealand.
In New Zealand, 16-digit account numbers are used to send money into bank accounts.
If you are a New Zealand resident and are planning to receive money from someone, make sure to give them your 16-digit account number in the above format.