How to Write on a Check for a Bank Deposit
Master the correct way to prepare a check for bank deposit. Ensure your funds are securely and accurately credited to your account.
Checks remain a common payment method. Properly preparing a check for deposit ensures a smooth transaction and prevents delays in accessing your funds. Understanding the correct procedures for endorsing a check and completing a deposit slip is important for any account holder.
Endorsing the Check for Deposit
The endorsement on a check authorizes the bank to process funds. This is typically done on the back of the check, within a designated area. Use permanent ink for endorsing, and sign your name exactly as it appears on the payee line of the check.
A blank endorsement involves simply signing your name on the back of the check. While easiest, it carries the highest risk because anyone who possesses it can cash or deposit it. For this reason, a blank endorsement should only be used immediately before handing the check to a teller or depositing it via an ATM or mobile app.
A more secure option is a restrictive endorsement. This limits what can be done with the check, ensuring it can only be deposited into a specific account. To perform this, write “For Deposit Only” followed by your signature. You can also include your account number after “For Deposit Only.” This method is recommended if you are mailing a check or using an ATM for deposit, as it protects against theft.
Completing a Deposit Slip
When depositing a check, you often need to complete a deposit slip, a written record of funds added to your account. Deposit slips are usually available at your bank branch or included in your checkbook. These slips include fields for necessary information to ensure funds are correctly applied.
Write the current date and your full name on the slip, exactly as it appears on your account. Your account number is also necessary, though it may be pre-printed on slips provided by your bank. For checks, list each individual check amount in the designated section.
After listing all checks and any cash, sum these amounts to determine the subtotal of your deposit. If you wish to receive cash back, a specific line for “Less Cash Received” indicates that amount. Finally, subtract any cash received from the subtotal to arrive at the total deposit amount.
Before Finalizing Your Deposit
Before submitting your check and deposit slip, review all details for accuracy. Double-check that your endorsement is correctly written and that all information on the deposit slip, including amounts and your account number, is precise. Errors can lead to delays in processing your deposit.
Consider making a copy or taking a picture of the endorsed check and completed deposit slip for your records. This provides proof of the transaction should issues arise. Once verified, submit the check and slip to your banking institution through the appropriate channel: a teller, ATM, or mobile deposit.