Deposit slip

A deposit slip is a form that is used to itemize the checks and cash being deposited into a bank account. The form contains the following information:

  • The name on the account
  • The account number
  • The amount of each check being deposited
  • The amount of any bills and coins being deposited

The completed deposit slip is bundled with the checks, bills and coins itemized on the form and presented to the cashier at the bank. The cashier processes the deposit and matches the total processed to the total stated on the deposit slip to ensure that they match; thus, the deposit slip is a cash processing control for the bank. Once the deposit has been processed, the cashier gives the customer a receipt, which states the total amount of the deposit, along with the date and time. The customer then has proof that the deposit was made.

Deposit slips are pre-printed with the account name and account number, and are included in the checkbooks given to bank customers. They are rarely provided in blank form in bank locations. The slips are declining in usage, as customers switch to scanning checks with their phones and depositing funds electronically, which requires no deposit slip.

Related Courses

Corporate Cash Management 
How to Audit Cash 
Treasurer's Guidebook