How to Properly Fill Out a Deposit Slip

A deposit slip is a small paper form that bank customers use to record details of cash and checks being deposited into a bank account. It serves as a formal record for both the depositor and the financial institution, ensuring accurate and efficient fund transfer.

Obtaining and Understanding Your Deposit Slip

Deposit slips are commonly found in checkbooks, often pre-printed with your account information. You can also obtain blank deposit slips directly at any bank branch or from some automated teller machines (ATMs).

Most deposit slips share a consistent basic layout. They include spaces for the current date, your account number, and your name. There are also areas to list total cash and individual checks. Fields for calculating a subtotal, noting any cash received back, and determining the net deposit are universally present.

Step-by-Step Guide to Filling Out the Deposit Slip

Begin by entering the current date in the designated space. Write your full name as it appears on your bank account. Your account number should be clearly written in the appropriate field; this number is often pre-printed on slips obtained from your checkbook.

Next, detail the monetary components. For cash, count the total amount and write this sum in the “Cash” section. For checks, list each one individually in the “Checks” section, noting the check number and dollar amount. If you have numerous checks, you may use the back of the slip to list additional items, then transfer the combined total to the front.

Before depositing any checks, properly endorse each one by signing your name on the back. For added security, especially when depositing through non-teller methods like an ATM or mobile app, write “For Deposit Only” along with your signature. This restrictive endorsement ensures the check can only be deposited into an account.

After listing all cash and checks, calculate the subtotal by adding these amounts. Write this sum in the “Subtotal” line. If you intend to receive cash back, indicate that amount in the “Less Cash Received” field. This option is available when depositing checks, allowing you to withdraw a portion of the deposited funds immediately.

To determine the final amount credited to your account, subtract any “Less Cash Received” amount from your subtotal. This figure represents your “Net Deposit” or “Total” and should be entered in the corresponding field. If you requested cash back, you will need to sign the deposit slip to authorize the cash withdrawal.

Finalizing and Submitting Your Deposit

Before submitting your deposit, carefully review all entries on the slip for accuracy. Double-check that all cash and check amounts are correctly listed and that your calculations for the subtotal and net deposit are precise. Confirm that all checks included in your deposit have been properly endorsed.

You have several options for submitting your deposit. The most traditional method involves presenting the slip, cash, and checks to a bank teller, who will process the transaction and provide a receipt. Alternatively, many ATMs allow for deposits; some may require you to place the slip and funds into an envelope, while newer models often process items without an envelope.

Mobile deposit through your bank’s smartphone app offers another convenient way to deposit checks. This method involves taking clear photos of the front and back of your endorsed check directly through the app. After submitting your deposit, retain the bank’s receipt or the mobile app’s confirmation for your personal records.