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Updated July 27, 2017
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.
Getting Cash Back
References
- Hands on Banking: How to Fill In a Deposit Slip
- Dartmouth College: Bank Deposit Slips
- Consumer Financial Protection Bureau. "I Made a Cash Deposit Into My Checking Account. I Attempted a Withdrawal Later That Day and Was Told I Could Not Withdraw Until Tomorrow. Can the Bank Do This?" Accessed Jan. 20, 2020.
- American Express. "7 Answers Every CFO Should Know About Wire Transfers." Accessed Jan. 20, 2020.
- Consumer Financial Protection Bureau. "How Do I Add Money to My Prepaid Card?" Accessed Jan. 20, 2020.
- United States Postal Service. "Money Orders." Accessed Jan. 20, 2020.
- Western Union. "How Do I Cancel My Money Transfer and Get a Refund?" Accessed Jan. 20, 2020.
- Zellepay. "Are There Any Fees to Send Money Using Zelle?" Accessed Jan. 20, 2020.
- Popmoney. "Fees and Limits." Accessed Jan. 20, 2020.
- Venmo. "The Fun and Easy Way to Send, Spend, and Receive Money." Accessed Jan. 20, 2020.
- Venmo. "Cancel Payment." Accessed Jan. 20, 2020.
Writer Bio
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 member of the Society of Professional Journalists in 2009.