Deposit Slip
Definition of 'Deposit Slip'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. |
|
Investopedia explains 'Deposit Slip'Although deposit slips may also be used at ATMs, many banks do not require they be included with deposited funds. Indeed, newer ATMs have scanning technology that provides an image of the deposited check on the receipt and do not allow the use of deposit slips. |
Related Definitions
Articles Of Interest
-
The Evolution Of Banking
Banks are a part of ancient history. Find out how this system of money management developed into what we know today. -
Your First Checking Account
This owner's manual will show you what to expect from your bank. -
Choose To Beat The Bank
From internet banking to credit unions, it's in your power to cut fees and maximize service. -
Bag The Best Bank Account
Take advantage of the deals banks offer, and find the right account for your financial situation. -
When Good People Write Bad Checks
Overdraft protection can help when you overestimate your balance, but it will cost you. -
How New Offshore Bank Rules Will Affect Americans
FATCA is being implemented in 2013. Here is how it will affect the personal banking and taxes of Americans who hold offshore bank accounts. -
6 Biggest Millionaire Flops
If you have lost money, you're not alone, but at least you can put some blame on the market. -
If two people own a securities account, listed as joint tenants-in-common, it means:
A. They each have an undivided interest in the propertyB. If one dies, that person's interest does not automatically pass to the otherC. They do not necessarily have equal interests ...