What is a deposit slip? (with photos)

Bank customers use deposit slips to put money into their accounts.

A deposit slip is a printed form that accompanies bank deposits. The depositor fills in the receipt to indicate what types of funds are being deposited and into which accounts they are to be deposited. In some cases, the bank will pre-print forms with account information and include them in a checkbook. Deposit slips are used by a bank to track money deposited over the course of a business day and to ensure that no money leaks through the cracks. For the bank’s customers, they offer a form of protection, indicating that the funds have been counted and accepted by the bank. If the deposit is processed improperly, the deposit slip will provide a paper record.

Most checkbooks have deposit slips on the back.

Most people with a checking or savings account have already interacted with a deposit slip and are familiar with the basic format that asks for the customer’s name, date, and account number. The fields below this basic information provide a space for the customer to enter the type of funds: cash, currency or check. If multiple checks are being deposited, the receipt usually has space on the back to list and account for all of them. The customer sums up the funds to arrive at a subtotal, indicates whether or not they want the money back, and then enters the final total of funds being deposited.

Deposits can usually be made with a tab at the drive-thru.

When a customer enters a bank with a deposit slip and funds, the bank clerk or teller will count the funds to make sure the total listed on the slip is correct. The form is signed, stamped or printed, depending on the bank, to indicate that it has been accepted by a teller, and the teller updates the total listed on the bank account to reflect the deposit. If the funds are in the form of cash and coins, the bank recirculates them. If checks are included in the deposit, the bank sends them to the issuing bank for processing. Requested money back, if any, is also provided.

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Deposit slips are used to put money into a savings account.

A deposit slip can also be used at an Automated Teller Machine (ATM). In this case, the form is completed and signed by the customer before being placed in an envelope that also contains the funds. Customers can use an ATM card to access their account and indicate the amount to be deposited, and the ATM will print the relevant information on the envelope after inserting it into the machine, allowing bank employees to process it in the morning. Banks without ATMs often have overnight service, where people can leave envelopes containing proof of deposit and funds to be handled by a teller in the morning.

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