Definition of a Bank Deposit Slip

by Joanna White-Oldham ; Updated July 27, 2017

Bank deposit slips are pre-printed documents made available to you by your banking institution. Available for both checking and savings accounts, a deposit slip is completed by you when submitting deposits into your account. Deposits slips can be used when completing window deposits, or deposits at an ATM.

Function

Bank deposit slips serve several basic functions. A bank deposit slip provides the account holder a fast, easy and thorough way to organize deposits. This is particularly useful for business accounts who may deposit many checks, as well as cash, during one transaction. This function also benefits the teller who has the pleasure of handling your transaction. The deposit slip provides a point of reference for the teller, especially when handling large deposits.

The bank deposit slip also serves as a record for the bank. In the event there is a dispute about your deposit, the deposit slip can help solve any disputes. Deposit slips also provide the bank with a way to keep track of your money, ensuring that none of it disappears without your consent.

Features

Deposit slips are also available for the account holder with their name and address pre-printed in the top left-hand corner. These deposit slips are usually found in the back of a checkbook or savings record. Most check printing companies also print deposit slips that can be ordered individually.

The right side of a deposit slip is organized for you to fill in the types of funds you are depositing, along with the amounts. You can then add up all the funds you are depositing and enter a subtotal. Should you require cash back from your deposit, you can also subtract that amount and fill in the definite amount to be deposited.

Totaling Your Deposit

The right side of a deposit slip is organized for you to fill in the types of funds you are depositing, along with the amounts. Add up all the funds you are depositing and write in a subtotal. Should you require cash back from your deposit, also subtract that amount and fill in the definite amount to be deposited.

Routing Numbers

The bottom of each pre-printed deposit slip contains two sets of numbers. The first group of numbers is called the routing number and contains nine digits. The routing number identifies the bank. Each bank has its own routing number. The second set of numbers at the bottom of the deposit slip is your account number. The number of digits in your account number varies and depends upon your banking institution.

Generic Deposit Slips

In the event you run out of your personalized slips, you can find generic deposit slips at any of the branches of your banking institution. The generic deposit slip requires that your name and address be filled in. Generic deposit slips are usually larger in size than the pre-printed ones and only contain banking routing information on the bottom. Space is provided for you to fill in your account information.

About the Author

Joanna White-Oldham is a freelance writer and has published human interest articles in "Colleton Magazine." She is the founder of The Center for Active Learning in Brooklyn, N.Y. An active learning expert, Oldham implements new and creative ways to involve adult learners in the learning process. She holds a Masters of Arts in education from Central Michigan University.