
After filling in the required monetary information, the depositor fills in the sub-total of the cash and check deposits being made. If any withdrawals are being made from the checks (common for check deposits into own accounts), they are subtracted from the sub-total to obtain the total deposit. Finally, once all the information has been filled in, the depositor is required to sign the deposit slip deposit slip. Use bank deposit slips to add cash or checks to your checking or savings accounts. Deposit slips only take a couple of minutes to fill out — but some banks let you deposit checks online if you’d rather skip the slip. The slip also breaks down whether the deposit consists of checks, cash, or if the depositor wants a specific amount of cash back from a check deposit.
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- The routing number is typically at the bottom of the deposit slip.
- On deposit slips, like on checks, the account number is usually
the second number. - The deposit slip informs the teller of the bank account number to which the funds should be credited.
- Checks and cash will always go in different parts of the slip and taking some cash back from your deposit will involve extra steps.
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Understanding Deposit Slips
Our editorial team does not receive direct compensation from our advertisers. A routing number is made up of nine digits that identify your bank to other banks. It will typically be printed on deposit slips that come with your checkbook and it may even appear on blank deposit slips that you can pick up at your bank. If you are depositing multiple checks and cash at once, you might need more space on the deposit slip. If you’re depositing a check or cash at an ATM, check that the ATM accepts deposits and whether you’ll need an envelope to keep your deposit slip and money together.
An account number identifies a bank account within a financial institution. Together, these two numbers ensure that money is added to or deducted from the right account. A customer can typically find a stack of deposit slips when entering a bank, with designated spaces where they can fill in the required information to complete the deposit. A customer is required to fill out the deposit slip before approaching the bank teller to deposit funds.