When you add money to your bank account you have to fill out a deposit slip. This tells the bank what to do with the funds, and helps create a paper trail for the transaction. Learn how to fill out a deposit slip so you can sail through the teller line and get everything done correctly.
Every Time You Fill Out a Deposit Slip
Depending on what you’re doing, you’ll use different parts of a deposit slip. However, there are a few things you need to do every time you fill out a deposit slip.
Write your name and account number on the deposit slip. If you have a pre-printed deposit slip (taken from the back of your checkbook, for example) you don’t need to do this -- it’s already been done by your bank.
If you’re using shared branching (making a deposit at a credit union where you don’t have an account) you may also need to provide your credit union’s name.
When Making Cash Deposits
When depositing cash, you can ignore most of the spaces on a deposit slip (except your personal and account information -- don’t want that money to go to the wrong account!). Write the amount of your deposit in the space marked "CASH." This is generally the first line on your deposit slip.
When Making Check Deposits
When depositing checks, you’ll list each check separately as you fill out a deposit slip. Write the amount of each check on its own line. You should also write the check number (usually in the upper right corner of the check that was written to you) next to the amount, but you may be able to skip this step.
If you have multiple checks and there are not enough lines to fit them all, check the back of the deposit slip. Most slips provide space for a dozen or so checks. If you fill out the back of a deposit slip, copy your total deposit amount from the over to the front (look for a line on the front that says "TOTAL FROM OTHER SIDE").
Be sure to endorse checks if needed as you deposit them.
Add it Up
Once you’ve listed all cash and check deposits, add everything together to arrive at your total deposit. Enter this number on the first line marked "SUBTOTAL" or "TOTAL."
Get Cash Back
You can request cash back when you fill out a deposit slip. Write the desired amount on the line that says "LESS CASH RECEIVED." Since you’re reducing the amount of your deposit, subtract the cash amount from the SUBTOTAL/TOTAL and enter the result at "NET DEPOSIT."
Your bank may or may not be able to give you as much as you want depending on what type of checks you deposit (government issued checks are safer and easier to cash, while personal checks are not).
If requesting cash, be sure to sign the deposit slip where it says "SIGN HERE IF CASH RECEIVED."
Deposits at ATMs
Some automated teller machines (ATMs) allow you to make deposits. Depending on your bank, you may or may not have to fill out a deposit slip. Some ATMs deposit to your account based on the debit/ATM card you use, and they can even scan cash and checks in real time. This allows the bank to add to your account (at least a portion of your deposit) immediately. Other banks require that you put everything in an envelope and fill out a deposit slip, which an employee will use to manually record your deposit.PracticalMoneySkills.com.