Deposit slips are different from checks because you use deposit slips to deposit cash and checks at the bank. On the other hand, checks are a method of payment between two parties. While you’ll lump your cash together in one line, each individual check gets its own line on the deposit slip. For example, if you have a $20 bill and a quarter, you’ll write your deposit as a cash deposit of $20.25. If you also have a $50 check and a $35 check, you’ll list these in their own lines; that is, on two separate lines.
How to fill out a bank deposit slip
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To make a deposit at your bank, you will need fill out a deposit slip. Learn the correct way to fill out a deposit slip to ensure your trip to the bank is quick, easy and your money is accurately deposited into your account. If you don’t have these slips, you can get one from your bank by either asking a teller for one or going to the self-service area and taking one from the pile. The slips from the bank are actually blank, so you’ll have to provide your name and account information.
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It’s not a big deal if this isn’t perfect, but with some deposits—especially large ones—tellers might require that you have all of your commas and decimals in the right place. The right side of the deposit slip is where you’ll provide the money information. The first line requests the total amount of cash you’re depositing. If you aren’t depositing cash, you can skip this line, mark a line through the amount area or zero it out.
If you have a wad of cash from earned wages or a particularly lucrative birthday, you can fill out a deposit slip at the bank to deposit the money in your account. Providing the correct information in the right spots will get the funds where they are intended. The bank clerk will typically verify the funds deposited against the amounts listed on your deposit slip to ensure the figures match. The teller will then process the deposit slip along with any monies or checks collected before issuing a receipt for the customer.
- ATM deposits can be scanned in real time, allowing banks to add funds to your account immediately.
- However, if you want cash back from your deposit, you must sign it.
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- At most banks, you’re already logged into your account when you snap a photo of the check, so you don’t need to provide those details.
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Lastly, confirm the deposit’s completion by reviewing your account statements or online banking portal. This will help ensure that the funds how to write a deposit slip are properly credited to your account. It’s important to be as specific as possible when specifying the currency and denominations.
The back of a deposit slip often has an overflow section for you to list additional checks. You are now leaving the SoFi website and entering a third-party website. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website.
