A deposit slip is a form supplied by a
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
for a
depositor
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
...
to fill out, designed to document in categories the items included in the deposit transaction. The categories include type of item, and if it is a
cheque
A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The pers ...
, where it is from such as a local bank or a
state
State may refer to:
Arts, entertainment, and media Literature
* ''State Magazine'', a monthly magazine published by the U.S. Department of State
* ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States
* ''Our S ...
if the bank is not local. The teller keeps the deposit slip along with the deposit (cash and cheques), and provides the depositor with a receipt. They are filled in a store and not a bank, so it is very convenient in paying. They also are a means of transport of money. Pay-in slips encourage the sorting of cash and coins, are filled in and signed by the person who deposited the money, and some tear off from a record that is also filled in by the depositor. Deposit slips are also called deposit tickets and come in a variety of designs. They are signed by the depositor if the depositor is cashing some of the accompanying check and depositing the rest.
Cash received
On a deposit slip, "cash received" means that part of the amount on a cheque that is to be withdrawn as cash. The remainder is deposited into the person's account.
Completion of slips
The description column on deposit slips has been used for over 100 years in the U.S. to notate where the bank should send the check to reclaim the money; this was done at first by notating in words the name of bank or its location. The bank's transit number, also called bank number, began to be used instead of words. The bank number was written as the upper line of a fraction, with the bottom number referring to the central bank branch. Some people wrote just the top of the fraction, others tried writing the entire fraction. After the introduction of automated sorting of checks, many people wrote nothing at all in the deposit slip's description column. Some people put the check writers' names in the description column. There was a tendency in the early teens of the 21st century to write in the number of the check being deposited without mentioning who the check was from.
["Hands on Banking for Young Adults, Getting Started, Lesson 5]
"How to fill in a deposit slip".
/ref>
See also
*Passbook
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account.
Traditionally, a passbook was used for accounts with a low transaction volume, such as savings accounts. A bank teller or postma ...
*Bank statement
A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are nu ...
*Cheque book
A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The pers ...
*Deposit account
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
...
References
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Banking terms
Paper products
Accounting source documents
Bank deposits