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Understanding Deposit Slips

A deposit slip is a written form used to deposit funds into a bank account. It lists the date, depositor name and account number, and amounts of checks, cash, and coins being deposited. The bank clerk verifies the deposited funds against the deposit slip amounts and processes the slip to credit the account while returning any excess cash to the customer.

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Sameer Khan Niazi
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145 views1 page

Understanding Deposit Slips

A deposit slip is a written form used to deposit funds into a bank account. It lists the date, depositor name and account number, and amounts of checks, cash, and coins being deposited. The bank clerk verifies the deposited funds against the deposit slip amounts and processes the slip to credit the account while returning any excess cash to the customer.

Uploaded by

Sameer Khan Niazi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

DEPOSIT SLIP: What Does Deposit Slip Mean?

A small written form that is sometimes used to deposit funds into your account. A deposit slip indicates the date, the name of the depositor, the depositor's account number and the amounts of checks, cash, and coin being deposited. The bank clerk typically verifies the funds received against the amounts listed on the deposit slip. The deposit slip is processed to indicate it was received and hands any requested cash to the customer Deposit slip is a form that is used by an account holder to deposit amount in his/her account. It can be used to deposit cash as well as through cheques. When a customer hold a cheque to deposit an amount in his/her account. The amount mentioned on the cheque deducted from drawer account and credited into drawee account. There are two copies of deposit slip.

Bank copy

&

Customer copy

Bank copy retains by bank and customer copy retains by customer for evidence. Elements of deposit slip: Name /code of branch Account title Account No. Date

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