A deposit slip is a form that allows you to put funds into your bank account. You have to fill out this form correctly with your account number, name and other information.
Initially, the process might seem a bit tricky, but once you get the hang of it, you will have an easier time filling out the form. Below, we break down how to fill out a deposit slip in more straightforward steps.
How To Fill Out a Deposit Slip
Depending on your bank, you might have to write your account number and name yourself, or it may already be printed on the deposit slip. If you need to write this information, make sure you fill in the correct account number.
Once you have filled in this section of the deposit slip, you can start writing in the other fields.
1. Write the Date
Write the date of the day you are filling the deposit slip. In some cases, you might have to enter branch information too.
If you are uncertain about anything, call your branch and ask them for assistance with technical details, like the branch code.
2. Fill In the Cash Amount
The amount refers to the total currency you are depositing into your account. It includes both coins and banknotes.
3. List the Checks
Underneath the cash box is another box for checks. Write the check number and amount individually in this box. But if you are not depositing any checks, leave this section empty.
4. Write the Subtotal
At the bottom of that section, you will see the subtotal box. Calculate the total amount of checks and cash you are depositing, respectively, and write those subtotals here.
5. Fill In Withdrawal Amount
If you do not want to get any cash back from your deposit, you can leave this section empty.
But if you want to receive an amount back, write it here. For example, if you are only depositing checks into your account, you might want to get some cash so that you do not have to withdraw them later.
6. Fill In Total Deposit
Total deposit is the amount you are depositing into your account minus the cash you are taking back.
Finally, sign the deposit slip if you want to get any cash back from your deposit. If you are only depositing money and do not want to get any cash, there is no need to sign the deposit slip.
After signing, you can just hand the slip to the teller. If you are still nervous, use a printable deposit slip to practice at home.
While these are the basic steps for filling out a deposit slip, some people might have other considerations, too
More Space Needed
If you are depositing multiple checks and cash at once, you might need more space on the deposit slip. Some banks have extra boxes on the back of the deposit slip. This way, you do not have to fill in several deposit slips.
However, if there are no additional boxes at the back of the slip, you can ask a bank employee to guide you.
Dollars and Cents
To make the job easier for the teller, make sure you write the deposit amount correctly in dollars and cents. Most deposit slips have separate boxes for these.
Write the cents portion of the amount in the box on the far right and the dollar amount in the box to the left of it. If you are making a large deposit, the teller might ask you to confirm that you have correctly added decimals and commas.
When you are depositing money into your account through the bank’s mobile app, you do not have to fill out a deposit slip. The exact process will differ from one bank to another.
If you have any questions about this, get in touch with your bank’s customer support team.
Some banks allow you to deposit money into your account through the ATM. In this case, you will most often not need to fill out a deposit slip.
The ATM will deposit funds into your account based on the debit card you are using. Some of them can even scan your checks and cash in real-time, making fund addition quicker.
When Are Deposited Funds Available for Use?
The time it takes for your funds to be available for use depends on the bank. Generally, a bank will make $225 from your deposit available for check writing or cash withdrawal by the next business day.
The remaining deposit is typically available for use on the second business day after your deposit. Your bank may take longer to make the funds available if:
- You have deposited a total amount of more than $5,525 through check
- There is an emergency, such as malfunctioning of the equipment facilities or communication interruption
- The check was redeposited
- Your account is repeatedly overdrawn or new
FAQs on Deposit SlipsHere are some commonly asked questions about filling out a deposit slip.
- Would I ever need to use the back of the deposit slip?
- You might have to use the back of the deposit slip if you are depositing multiple checks. Deposit slips in some banks have extra boxes at the back where you fill in details about the additional checks.
- What if I write the wrong date?
- If you write the wrong date on the deposit slip, it shouldn't be a serious problem since the bank stamps a date and time on the slip, which is what will normally be used to mark the date of the deposit. Despite this, you should be careful about mistakes when filling in the deposit slip.
- Where is the routing number?
- You will find the routing number at the bottom of the slip, along with your account number if it is a pre-printed form. The routing number you use for setting up direct deposit may not be the same as the one printed on the slip. Make sure you confirm with the bank and use the correct routing number.
- When do I have to sign a deposit slip?
- You are typically only required to sign a deposit slip if you want to get cash back from the deposit. If you are depositing money through an ATM, no deposit slip is required, so you do not have to sign anything.