Bank state branch

Okay, imagine you have a piggy bank at home where you save all your allowance money. Now, let's say you want to send some money to your friend who lives in another town. You can't just give them your whole piggy bank, right? So, you go to a bank that you trust and ask them to help you transfer the money to your friend's bank account.

Now, every bank has a unique identity that helps people recognize them. It's like your name or your nickname that people use to call you. Similarly, banks have a unique identity called the Bank State Branch (BSB) number. This number helps identify the specific bank branch you're dealing with.

Think of it like this - if your piggy bank is your bank, then the BSB number is like the address of the bank branch where you go to deposit or withdraw money from. This address helps the bank employees know which branch you belong to and which branch they should send your money to.

So, when you use your bank account to transfer money to your friend, you will need to provide your bank's BSB number along with your account details. This way, the bank can identify the correct branch and send your money to your friend's account successfully.

In summary, the Bank State Branch (BSB) number is like a unique address of a bank branch that helps identify the bank when you want to transfer money.