When you deposit checks in a bank account, the funds may not be available to use until the next business day or even longer. Banks usually allow you to get some cash on the spot when you make a deposit so you can take care of immediate expenses. That’s what the phrase “less cash back” or “less cash received” means on a deposit ticket or deposit slip.
Based in Atlanta, Georgia, W D Adkins has been writing professionally since 2008. He writes about business, personal finance and careers. Adkins holds master's degrees in history and sociology from Georgia State University. He became a…
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