Anytime you deposit funds in a bank, you must fill out a checking deposit slip to channel your money to the right account. A checking deposit is a small written piece of information that people use to deposit money to their bank accounts.
It has your account number, name, the date to deposit the funds, and the money can deposit in terms of cash and checks. The deposit slip is filled out the same way you fill a regular check, although it has several deposit kinds.
Take a look at this step-by-step guide on how to fill a checking deposit slip properly.
Step 1: Find your Checkbook
Begin by gathering your checkbook, then check at its back, behind all the checks. That’s exactly where you’ll get your checking slips. All the deposit pages have different colors compared to your checks, and they have a deposit slip or ticket written on your address and name.
Ensure that the same details on your checks, such as your name, phone number, and address, are provided on the slips the same way.
Step 2: Locate your Account Number
The same way they have your address, name, and phone number, the deposit slips must feature your account number written on them. Check this at the bottom side of the slip, then look for two different strings of numbers. One column has your routing number, while the second string is your account number.
Step 3: Fill in your Account Number, Name, and the Date
Unfortunately, the deposit slip won’t have this information. Therefore, you must fill in this field. You’ll find a few blank lines on the top corner of the slip where you can fill in your contact address plus the account number.
Perhaps you may have forgotten your account number; this is normal, don’t fret! You can easily find it online via your bank’s site. You can as well visit your bank and request the teller for the same. As you fill in the deposit slip, ensure you use blue or black ink instead of a pencil.
Check on the left side of the deposit slip, then fill in the date when you want to want to use the slip close to the blank space beside the date.
Step 4: Sign the Slip
Make sure you sign your name on the field provided exactly beneath the date. The field has a phrase saying, “Sign here if cash received from deposit.” But if you don’t wish to get money back from this transaction, make sure you leave this place blank.
Step 5: Write the Amount of Money you Want to Deposit
Have a look at the right side of the slip. You’ll find several columns having blank rows beside the slip. The first line says cash close to it. When depositing money, make sure you write down the exact amount on the box lines near the money.
Just beneath the cash line, there are two boxed lines given for check deposits. They are marked as Checks having blank lines on the front side of the box lines. Sometimes the lines besides the cash space remains aside for deposits done in the form of a check.
Following the check deposits, you’ll find a line marked as Checks. In other words, if you have other checks, you can add them to the backside of the slip. After that, fill the combined check total on the front part where its showed.
Step 6: Now Fill the Subtotal
Beneath the reserved line for the total amount in checks, there is a section that says Subtotal. This is the exact point where you write the cash deposit amount and the combined deposit total. Next, combine all the sums up then fill the total beside the Subtotal.
Step 7: Indicate How Much Funds you Wish to Receive Back
The line beneath the Subtotal part is marked as Less Cash. This is the exact point where you fill in the total amount of money you want to get from the deposit slip. If you don’t want any amount, then write 0 on this line.
In case you entered the amount to receive from the deposit slip, take away that amount from your Subtotals, then fill in the amount on the final line marked as Net Deposit.
Step 8: Lastly, go to the bank
Carry the cash, check, and deposit slip, then go to the banking institution. Move to the teller and hand over the funds plus the deposit slip.
David Nilsen is the former editor of Fourth & Sycamore. He is a member of the National Book Critics Circle. You can find more of his writing on his website at davidnilsenwriter.com and follow him on Twitter as @NilsenDavid.