A deposit slip is a form that is filled out when money (in the form of cash or checks) is placed into a bank account. The deposit slip helps a bank keep track of the money being deposited.
When you fill out a deposit slip, you’ll generally need to provide the following information:
- Your name and account number
- The date
- The amount of any cash being deposited
- The details of any checks being deposited, including the bank routing number and account number from which the check was drawn, the check number, and the amount of the check
- The total amount being deposited
After you fill out the deposit slip, you provide it to the teller at the bank along with your cash or checks. The teller processes the deposit and gives you a receipt.
Deposit slips provide a written record of the transaction and are used by the bank to verify the deposits in the event of a dispute or error. It’s a good practice to keep a copy of your filled deposit slips or receipts until you confirm the accurate processing of your deposit by checking your bank statement.
Example of a Deposit Slip
Let’s imagine a scenario:
Suppose you have a bank account at ABC Bank. On May 18, you decide to deposit $500 in cash and a check for $1,500 into your account.
When you arrive at the bank, you fill out a deposit slip. Here’s what you might write:
- Your name: John Doe
- Your account number: 123456789
- Date: May 18, 2023
- Cash: $500
- Checks: You’ll write the check number, the bank routing number and account number from which the check was drawn, and the amount of the check: $1,500
- Total amount being deposited: $2,000
After filling out the deposit slip, you’ll hand it to the teller along with your cash and check. The teller will process the deposit, and your bank account balance will increase by $2,000. The teller will then give you a receipt showing the deposit transaction.
This deposit slip serves as an official record that you’ve made a deposit into your bank account. It’s a good idea to keep this receipt, at least until your bank statement reflects the deposit accurately.