How to Correctly Write a Deposit Ticket

A deposit ticket, often called a deposit slip, is a paper form used to document funds deposited into a bank account. It outlines the specific amount of cash and checks being added, serving as a record for both the depositor and the financial institution. Accurately completing this slip is important for ensuring funds are credited correctly and for maintaining clear financial records.

Understanding Deposit Ticket Sections

A standard deposit ticket includes several sections for transaction details. The top portion contains pre-printed account information, such as the account holder’s name and account number, ensuring the deposit is linked to the correct destination. A designated space allows you to write the current date.

The ticket then separates the types of funds being deposited. A line is provided for the total amount of currency. An area is allocated for listing individual checks, where you include the amount of each check separately.

After itemizing all cash and checks, a subtotal line requires you to sum these amounts. Should you need to receive cash back, a “less cash received” section indicates this amount. The final “net deposit” line shows the actual amount credited to your account after any cash withdrawal. Lastly, a signature line is often present, which may be required, especially if you are receiving cash back from your deposit.

Step-by-Step Deposit Ticket Completion

First, write the current date in the space provided at the top of the slip. Next, accurately count your currency and enter the total cash amount on the designated cash line.

Proceed to list each check individually in the checks section, writing the amount for each. Remember to endorse the back of each check before depositing. After listing all checks, calculate the sum of all cash and checks and enter this figure on the subtotal line.

If you intend to receive cash back, write the desired amount on the “less cash received” line. Subtract this amount from your subtotal to determine the final “net deposit” amount, which is the total funds going into your account. Finally, sign the deposit ticket on the signature line if required, and double-check all entries for accuracy before submission.

Finalizing Your Deposit

After completing your deposit ticket, review all figures and information for any errors. Confirm that the total net deposit matches the cash and checks you are submitting. This careful review helps prevent discrepancies and ensures your funds are processed correctly.

Upon successful processing, the bank will provide you with a deposit receipt or a stamped copy of your deposit ticket. This document serves as official proof of your transaction, detailing the amount deposited and the date. Keeping this receipt is important for your financial records. You can submit your completed ticket and funds at a teller window or through an automated teller machine (ATM) for processing.