ATM machines make depositing a check at a machine relatively simple and common. However, you might still find need or reason to deposit a check inside the bank with a teller. In this case, you have to fill out a deposit slip that shows amounts of checks and cash deposited, "less cash received," and a final deposit amount.
Less Cash Meaning
The less cash amount represents any cash you want to receive directly from the check. If you deposit a $1,000 check and want $200 back, for instance, you write $200 in the less cash section. The teller then gives you $200 and the balance of $800 is deposited into the account you indicate on the deposit slip.
Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. He has been a college marketing professor since 2004. Kokemuller has additional professional experience in marketing, retail and small business. He holds a Master of Business Administration from Iowa State University.