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.
- Balance Track: Chapter 2: Deposits
- FDIC Money Smart: Less Cash Received Deposit Slip
- Capital One. "Direct Deposit into a Savings Account." Accessed April 6, 2020.
- First Bank Financial Centre. "How To: Fill Out A Bank Deposit Slip." Accessed April 6, 2020.
- CheckDeposit.io. "Deposit Slip: How to Fill Out a Deposit Slip." Accessed April 6, 2020.
- Chase. "A New ATM Experience." Accessed April 6, 2020.
- Chase. "Chase QuickDeposit." Accessed April 6, 2020.
- Wells Fargo. "3 Common Questions About Check Deposits." Accessed April 6, 2020.
- Chase. "Deposit Account Agreement and Privacy Notice," Page 16. Accessed April 6, 2020.
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.