how to fill out a deposit slip
How to Fill Out a Deposit Slip
You want to deposit some cash in your bank account but don't know the exact procedure? Read on to know how to fill out a deposit slip...
Every bank has printed form, where certain details have to be filled in for transactions. This form is generally referred to as the deposit slip. A deposit slip is a small form, provided by banks and other financial institutions, that can be used to deposit funds into an account. A depositor has to fill in the details like his name, account number, amount of cash, coins, checks to be deposited and the depositing date. Apart from this he also has to fill out other details in specific fields
Instructions to Fill a Deposit Slip
One small, but essential step to learn to manage your banking, is to learn to fill out a deposit slip. Follow these simple steps on how to fill out a deposit form
- Write your name (first and last), date (with the month and year) and the location of the branch on the places allotted on the slip.
- Enter the details of amount of cash in 'CASH' and coins in 'COIN', that you have to deposit.
- Enter details for checks separately in the appropriate column. If you have more than 3 checks to deposit, you can write them on the back of the slip.
- Calculate the total amount of the checks and the cash and put it into the 'SUB-TOTAL' column in the slip.
- Deposit the slip with the cash and checks with the teller.
- Collect the checks and money you want to deposit in the bank along with the slip, that is provided at the back of your checkbook. The bank will provide you with a deposit slip if you don't have a checking account.
- Check if you have the correct form, as a bank has different slips (or forms) for different types of bank accounts. If you want to deposit money in your savings account, fill in a slip that says 'SAVINGS ACCOUNT DEPOSIT SLIP'.
- Fill in your name in capital letters in the space provided
- Make sure you write the correct date, including the month and year. The sequence may vary in some cases, wherein you may be required to fill in the month, prior to the date and year.
- Check for the bank account number and bank routing number. You can find these numbers at the bottom of the slip on the left hand side. Ensure that you have the correct deposit slip and correct account before filling in the blank slip.
- Count the amount of cash that you have to deposit and fill in the amount in the space marked 'CASH'. Some slips have separate space for currency amount (dollar amount) and coin amount (cents amount). Check the slip for accuracy and fill it accordingly. If you do not have any coins to deposit, then put two zeros (00) after the decimal point. For example: $25.50 (with cents), $25.00 (without cents).
- If you have a check to be deposited, enter the check number (found at the top right corner of the check) in the space marked 'CHECKS'. Enter the amount from the check in the columns on the right side of the check numbers. If you have more than two checks to deposit, you can fill in the details on the reverse side of the slip, where extra space is provided.
- There is a space for filling the total dollar amount from the backside of the slip labeled as 'TOTAL FROM OTHER SIDE'. Fill in that amount in this space found on the front of the form.
- After adding the check amount with the cash amount, write this total in the space marked 'SUB TOTAL'.
- Fill the amount, if you want some cash back, in 'LESS CASH'.
- Subtract the amount in 'LESS CASH' from the 'SUB TOTAL' and fill that amount in 'NET DEPOSIT'.
- In the box labeled 'TOTAL ITEMS', enter the number of items that you will depositing. The cash (whatever amount of cash you have) is counted as one item and number of checks (if you have more than one check) are counted separately.
- You can now hand the slip with the check and cash to the bank teller. But ensure that you have entered all the details correctly before depositing the slip.