Depending on the context, your account name can either be the type of account you have, for example, the name of the account may be a GoalSaver account. Or it can refer to the account holder's name, for example if your account was opened in your name and your name was John Smith, your account name would be John Smith.
The account name for a bank account is the name of the person or entity that owns the account. It is the name that appears on the bank's records and is associated with the account number.
Our bank name – Commonwealth Bank of Australia.
A BSB is a six-digit number that identifies the bank, state and branch you opened your account in. Your account number is the identification number associated with your bank account. To pay or transfer money to someone, you'll need the recipient's BSB and Account number.
When you try to make a bank transfer to a person you haven't paid before, your bank will check that the name you've been given matches the name registered to that account number and sort code. If it doesn't, your bank will warn you, either that the name is a close match or that it's totally incorrect.
When you open a new account, you will list a name on the account. There are many different types of accounts that require a name, with bank accounts being the most common. There are other online service accounts that also require account names. This account name could be your own name or the name of your business.
Internet banking is an easy way to electronically transfer money from one account to another. It is important to get the BSB and account number right, because banking systems only use the account number when processing the payment. The account name is not used to transfer the payment.
BSB codes are not the same as IBANs (International Bank Account Numbers). IBANs are typically used by bank branches in Europe and certain other areas. However, BSB codes are sometimes formatted in a way that resembles an IBAN in order to allow compatibility between the two different systems.
The biggest difference between the two is that BSB numbers are used for domestic purposes, whereas SWIFT/BIC codes are an international network. For international money transfers, both a BSB code and a SWIFT/BIC code are used.
Yes. The account name must closely match the name on the transaction or it may be rejected by the receiving bank.
Receiving money from overseas
They'll also need the following: Bank name: Commonwealth Bank of Australia. CommBank BIC/SWIFT code: CTBAAU2S. Your 14 digit account number: Log on to NetBank or the CommBank app.
IBANs aren't used here in Australia, but payers in certain countries may require you to provide one. If they do, your BSB and account number should be combined, but don't include any spaces or hyphens.
The BSB numbers for Commbank branches in major population centres include the following: Commbank Sydney (Martin Pl.): 062-000. Commbank Melbourne (Bourke St.): 063-010. Commbank Brisbane (King George Square): 064-001.
Account Name – This is the actual name of the account with the bank. For instance, Joe Bloggs' bank account may have a display name of “Personal”, but the account name is “Joe Bloggs Advantage Saver”
account name. The name of a person authorized to have an account, verifiable using specific personal information.
Sending bank statements: a customer provides a merchant with documents from their bank. These statements list the customer as the account owner, proving their identity. Credit checks: a merchant checks their customer's account details against the information held on file at a credit bureau.
In this sense, they're very similar to SWIFT codes. However, BSB numbers are intended for local transactions, rather than international transfers. So, if you're transferring money to an Australian account from outside the country, you don't need to use a BSB code, as the SWIFT code contains the same information.
BSB stands for Bank State Branch. The BSB is a six-digit number that is used to identify a bank code and its associated branch in Australia.
You can find your BSB and account number on your bank statements, and within View accounts in NetBank and the CommBank app.
IBANs are not used in Australia. However, payers in certain countries may require you to provide one.
A BSB code is a six-digit number used to identify the individual branch of an Australian financial institution. The BSB code is used in addition to the bank account number to identify the recipient of a transfer. It's much like a SWIFT code, but used for local, rather than international transfers.
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To keep your information safe, we suggest only providing your BSB and account number to people you know and trust (such as family, friends or your employer etc.)
Online bank transfer payments will now be blocked if the recipient's name and account number do not match. A box will pop up asking you to check the payee's details for errors – and alerting you to potential fraud. This will happen even if you only enter one wrong letter or use someone's nickname.
You need the recipient's details
The quickest way to send money overseas is using just your recipient's mobile number. If you choose not to do this, you'll need the following info before you can transfer money internationally: Recipient's name, their account name and home address.
When you send money from one account to another, you'll be required to provide the recipient's account number, title or name, and routing number. No bank will process your transaction without these details since they verify the recipient's account through the information you provide.