Completing a Deposit Slip –– Steps on How to Do It

Completing a Deposit Slip –– Steps on How to Do It

With a payment slip, you can put money into your bank account. You need to fill out this form correctly with your account number, name, and other information.

At first, the process might seem complicated, but once you get the hang of it, filling out the form will be easy. We’ll show you how to fill out a deposit slip in more simple steps below.

How to Make a Deposit Slip

Depending on your bank, you may need to write your account number and name on the deposit slip yourself, or they may already be there. Make sure you write the right account number if you have to write this down.

After this part of the bank slip is filled out, you can start writing in the other fields.

How to Fill Out a Deposit Slip Step-by-Step

1. Put down the date

Write the date of the day the deposit slip is being filled out. In some cases, you may also have to give details about the store.

If you’re not sure about something, you can call your branch and ask for help with technical information, such as the branch code.

2. Fill in the amount of cash

The amount is how much money you are putting into your account as a whole. It has both coins and bills in it.

3. Write down the checks

Under the cash box, there is a place for checks. In this box, write the check number and amount separately. But if you don’t have any checks to pay, leave this part blank.

4. Put down the subtotal

The balance box is at the bottom of that area. Add up the total amount of cash and checks you’re putting, and write those amounts here.

5. Type in the amount you want to withdraw.

You can leave this part blank if you don’t want to get any money back from your deposit. But if you want a refund, write the amount here. For example, if you only put checks into your account, you might want to get some cash so you don’t have to take them later.

6. Fill In the Total Deposit

The total investment is the amount you put into your account minus the amount you take out.

7. Sign

Lastly, sign the deposit slip if you want any of the money you put down back. If you only want to put money in your account and not get any cash back, you don’t have to sign the deposit slip.

Once you have signed the slip, you can just give it to the teller. If you’re still scared, you can practice at home by printing out a cash slip.

Other Things to Think About

Even though these are the general steps for making out a bank slip, there may be other things to think about for some people.

If you are putting several checks and cash at once, you might need more room on the deposit slip. Some payment slips have extra spaces on the back. You won’t have to fill out several cash slips this way. But if the back of the slip doesn’t have any more boxes, you can ask a bank staff for help.

Make sure you write the payment amount in dollars and cents properly to make the teller’s job easy. Most payment slips have boxes for each of these.

Write the amount in cents in the box on the far right and the amount in dollars in the box to its left. If you are putting in a lot of money, the teller might ask you to double-check that you added the numbers and commas properly.
When you use the bank’s mobile app to put money into your account, you don’t have to fill out a payment slip. The exact steps will be different at each bank.

If you have any questions about this, contact the customer service team at your bank.

Some banks let you use an ATM to put money into your account. Most of the time, you won’t need to fill out a cash slip in this case. Depending on the debit card you use, the ATM will put money into your account. Some of them can even scan your checks and cash in real-time, which makes adding money to your account faster.

When can I use the money I’ve deposited?

How long it takes for your money to be ready to use varies on which bank you use. Most banks will have $225 of your deposit ready for you to write checks or take out cash by the next business day.

Most of the time, you can use the rest of your fee on the second business day after you make it. Your bank might take longer to give you the money if:

You have put more than $5,525 into your account by check.
There is a problem, such as equipment that isn’t working or a break in contact.
The check was cashed again.
Your account has been overdrawn more than once.

Leave a Reply