The exact steps to deposit a check vary depending on the financial institution and the deposit method. In general, however, you’ll need to endorse it and confirm the account number you want the funds to go to. Typically, deposit slips include fields to enter information such as your name, account number, the numbers of any deposited checks, deposit amount, and transaction date. Deposit slips are often a basic part of banking, but you may not know how to use them in this era of online financial accounts.
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The teller processes the slip along with the items in the deposit and prints a receipt for the customer. The bank deposit slip has been around as long as there have been banks. They’re easy to fill out but also contain essential information the bank how to write a deposit slip needs to fulfill the transaction. Modern banking often happens online, but the bank requires the same information —whether online or standing before a teller. Learning how to fill out a bank deposit slip correctly is crucial for bank transactions.
Need More Room? Check the Back of Your Deposit Slip
We are happy to help with any questions regarding how to fill out a bank deposit slip! Banks are required by federal law to keep records of deposits exceeding $100 for at least five years. But these records can be and typically are digital, not paper copies.
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- Depending on your bank, you might have to write your account number and name yourself, or it may already be printed on the deposit slip.
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- List the cash amount of any deposit and, if required, the breakdown of the currency in coins and bills.
- It’s an excellent integration option for popular accounting systems.
- It is a document that requires key personal and financial information such as your name, account number, and deposit amount.
- The teller will then process the deposit slip along with any monies or checks collected before issuing a receipt for the customer.
This makes splitting the checks in deposit onto the right customers and accounts painful. Storing images of the checks, the check remittance documents, and the deposit slip makes this data entry a snap. Banks can often put a hold on some deposits, especially checks or money orders when the bank cannot be sure if it’s a legitimate payment. The Expedited Funds Availability Act sets out rules on how quick a bank must release your funds.
Step 5: Take Your Cash
Then, when you bring your deposit to the bank teller, they’ll hand you $25 and deposit $25 into your account. Here is a step-by-step guide on how to fill out a deposit slip to make your next visit to the bank seamless. Subtract the cash received, if any, from the subtotal and put the amount of money you’re depositing on the line usually marked “Total” or “Net Deposit.” Add up all of the cash to be deposited and write the total in the space next to “Cash.” Include the check number and the amount of each check separately. If you don’t have any checks to deposit, move on to the subtotal.
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For checks or money orders, you will need to list each deposit. If depositing more than one check, there’s space on the back of the deposit slip to avoid having to fill in another. This will help both you and the bank to keep track of each check deposited. When you are depositing money into your account through the bank’s mobile app, you do not have to fill out a deposit slip.
If you have any questions about this, get in touch with your bank’s customer support team. Write the cents portion of the amount in the box on the far right and the dollar amount in the box to the left of it. If you are making a large deposit, the teller might ask you to confirm that you have correctly added decimals and commas. Once you have filled in this section of the deposit slip, you can start writing in the other fields. If you have questions about making a deposit, a Personal Banker from FNBO would be happy to answer them.
