Qb: PAYMENT BY DIRECT CREDIT FROM A FINANCIAL INSTITUTION
The fields required for an electronic Direct credit are:
 
1 
Financial Institution Type (1 digits): 
 
2 
Financial Institution Code (2 digits): 
 
3 
State code (1 digit): 
 
4 
Institution Branch Number (3 digits): 
 
5 
Account Number (9 digits including -): 
 
6 
Amount (6 and 2 decimals): 
   
7 
Reference number (12): 
   
8 
Reason for payment (25): 
   
English Field Title
Field Code
Req'd
Length
Field Type
Institution Type
QAA
Y
1
L/U Table
Institution Code
QAB
Y
2
L/U Table
State Code
QAC
Y
2
L/U Table
Branch Number
QAD
Y
3
L/U Table
Account Number
QAE
Y
9
Numeric
Amount
QAF
Y
9
Currency
Reference Number
QAG
 
12
Alpha
Reason
QAH
 
25
Alpha
The different Types of Authorised Deposit-taking Institutions [ADIs] overseen by the Australian Prudential Regulation Authority [APRA] are currently A Australian-owned Banks-14 B Foreign Subsidiary Banks-10 C Branches of Foreign Banks-35 D Building Societies-11 E Credit Unions-128 F Other Authorised Deposit-taking Institutions [ADIs]-4 G Specialist Credit Card Institutions including PayPal-4 H Authorised Non-Operating Holding Companies-3 It has been proposed with the advent of the 1999 Electronic Transaction Acts and Electronic Volunteer Management Systems like the 2004 Rio-Tinto Volunteer Management Scheme [RTVMS] that other "Credit" Institutions are added to that list including: P Industry Peak Bodies Q Sport Peak Bodies R Entertainment Peak Bodies These new "Credit Institutions" could be recognised in the 2002 Report by the Department of Families & Community Services "The Community's most valuable hidden assest - Volunteering in Australia" CURRENT FORMAT OF THE BSB NUMBER The format of the BSB number is as follows: A The First two digits specify the parent financial institution, B the third digit specifies the state where the branch is located and C the fourth, fifth and sixth digits specify the branch. For example, the BSB 033088 actually breaks down into the following. 03 = Westpac Banking Corporation 3 = Victoria 088 = 383 Chapel Street, Prahran Our search function will explode the BSB into three values so you can easily determine BSB related information. While banks usually follow this numbering convention, building societies and credit unions often don't, but it doesn't affect the way in which the bank details can be decoded. A financial institution may also use one centralised BSB for all accounts. For example, Suncorp uses 484799 for all deposit accounts regardless of which branch or state the account was opened. Ref: BSB Numbers
Peak Body for Financial Institutions: 
  Web List of Authorised Members
Type of Financial Institution: 
   
Australian-owned Banks-14: 
 
Foreign Subsidiary Banks-10: 
 
Branches of Foreign Banks-35: 
 
Building Societies-11: 
 
Credit Unions-128: 
 
Other Authorised Deposit-taking Institutions [ADIs]-4: 
 
Specialist Credit Card Institutions (SCCIs)-4: 
 
Authorised Non-Operating Holding Companies-3: 
 

  • Australian-owned Banks-14
  • Foreign Subsidiary Banks-10
  • Branches of Foreign Banks-35
  • Building Societies-11
  • Credit Unions-128
  • Other ADIs-8
    including
  • Authorised Non-Operating Holding Companies-3

  •  

    Australian-owned Banks-14

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    Foreign Subsidiary Banks-10

    Branches of Foreign Banks-35

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    Building Societies-11

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    Credit Unions-128

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    Other ADIs-8

    One ADI that provides general banking services which does not fall into the above categories:

    These companies provide services (eg payments clearing) to building societies and credit unions:

    Specialist Credit Card Institutions (SCCIs)-3

    Foreign-owned SCCIs

    Locally Incorporated SCCIs

    Providers of Purchased Payment Facilities-1

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    Authorised Non-Operating Holding Companies-3

    (authorised under subsection 11AA(2) of the Banking Act 1959)

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