It’s important to note that some deposit slips may have separate fields for cash and check deposits. If this is the case, enter the specific amounts for cash and checks in their respective fields. Ensure that you accurately indicate the cash amount and list the individual check amounts if applicable. Mobile banking and ATMs don’t typically need you to use a deposit slip.
Steps to Fill Out a Deposit Slip
The article was reviewed, fact-checked and edited by our editorial staff prior to publication. By gathering all the necessary information beforehand, you’ll streamline the process and minimize the chances of making errors when filling out the deposit slip. In this step-by-step guide, we will walk you through each section of the deposit slip and provide helpful tips along the way. By the end of this article, you will be equipped with the knowledge and confidence to fill out a deposit slip with ease. We are happy to help with any questions regarding how to fill out a bank deposit slip! Before you learn how to fill out a bank deposit slip, it can be a good idea to understand what a deposit slip is anyway.
- If you’re using pre-printed deposit slips from the back of a checkbook, these details will already be present.
- Deposit slips can be valuable for tracking transactions and ensuring your money is directed to your bank account correctly.
- We’ll also include an example of a deposit slip for easy reference.
- If your bank or credit union requires one, a deposit slip is easy to fill out.
- There’s space for the deposit amount and the breakdown of cash or checks to be paid in.
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- That’s because most bank apps now can scan paper checks for the information required to make a deposit.
Step 7: Calculate Cash Totals
When your entire deposit consists of checks, you might want cash now so that you don’t have to make a withdrawal later. If you have pre-printed deposit slips from the back of your checkbook, this is already done for you. We are an independent, advertising-supported comparison service.
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When accounting systems like Quickbooks Online, Harvest, Freshbooks, and Xero pull in bank transactions, they lump all of your deposited checks into one transaction. If your bank has a limit on the amount of a Photo Check or does not offer the service, you could always mail a check to the bank. Merely writing “for deposit only” on the back along with your account number and routing details or sort code is enough for some banks. Others will need you to send a deposit slip along with the check. Banks can often put a hold on some deposits, especially checks or money orders when the bank cannot be sure if it’s a legitimate payment.
Step 6: Net Deposit & Sign
Write your account number in the appropriate space, if necessary. If you received your deposit slip as part of your check order, your bank account number may already be printed on the slip. The deposit slip how to write a deposit slip might also require you to supply your bank’s routing number. PNC’s deposit slips include a space for a three-digit Regional ID code; however, it’s not required to supply this code when making a deposit.
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It’s a piece of paper that records the amount of money being moved and where it’s going. Using a deposit slip can ensure that your money gets to its proper destination as smoothly and quickly as possible. You can also keep copies of deposit slips as receipts to prove that your bank accepted your transaction. Deposit slips are most often used when customers visit a brick-and-mortar bank branch. They can be used to make deposits both in the lobby and in the bank’s drive-through lane. In addition, some older ATMs require customers to use a deposit slip when depositing cash or checks.
How Deposit Slips Work
We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. If you want to stay organized, you can also put the cash in an envelope, and the bank teller will take it from there. Your bank may also provide a receipt in addition to — or instead of — a duplicate of your deposit slip. However, the receipt likely won’t show as many transaction details as a copy of a deposit slip.
- A deposit slip is a small piece of paper that serves as a record of the funds you are depositing into your savings account.
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- If these fields are present and required, provide the requested information accordingly.
- If you’d like to learn more about checks, check out our in-depth interview with Gina D’Amore.
How to fill out a bank deposit slip
Accuracy is critical when filling out this section of the deposit slip. Mistakes in the bank name, branch address, or account number can result in the deposit being credited to the wrong account. Take your time and verify the information before moving on to the next step.
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Storing images of the checks, the check remittance documents, and the deposit slip makes this data entry a snap. Filling in a deposit slip can vary depending on which bank you use and what you are doing or depositing. Checks and cash will always go in different parts of the slip and taking some cash back from your deposit will involve extra steps. The routing number is a unique nine-digit number that essentially acts as the digital “address” of a bank. The routing number can be found in the lower left corner of a check. This includes all of the checks and cash that are being deposited.