When you deposit money in a bank at a branch, you need to fill out a deposit slip to direct the funds to the right account.
The process of filling out parts of a deposit slip varies depending on what you’re doing. For example, cash and checks go in different sections, and getting cashback from your deposit requires an additional step. The good news is that how to fill out a bank deposit slip is pretty easy, and the steps are below!
Steps on How to Fill Out a Bank Deposit Slip:
- Provide personal information, including your name and your account number.
- Fill in additional details such as the date.
- If you are cashing the check or any part of the check, it is also required you sign the signature line.
- List the cash amount of your deposit, if any. This is the total amount of currency (paper bills and coins) that you’ve brought for depositing into your account. You’ll notice separate boxes for each entry. The box on the far right is for the decimal (or “cents”) portion, and the next box to the left is for the full dollar amount. If you don’t have anything to deposit, leave this section blank.
- List checks individually, including the check number and amount of each check. Each individual check gets its own line. There’s space for you to enter the check number next to the dollar amount of each check, which helps you and your bank keep track of each item. (If you need additional room or have several checks, you can continue this on the section on the back of the slip). If you don’t have anything to deposit, leave this section blank.
- If you are depositing money but also would like some of the cashback, list the amount of cashback you want to receive in the Less Cash Received section.
- Add up deposits for a subtotal. This is the total amount of cash and checks that you want to deposit.
If you’re making a remote deposit with your mobile device, you don’t need to know the parts of a deposit slip.
Typically you’ll just confirm the dollar amount and review the account and routing information from the check. Click here to learn more about Bank Five Nine’s Mobile Banking.
When can you actually spend the money you deposit? All banks have a funds availability policy, which explains how long you need to wait to spend the money. Click here to read Bank Five Nine’s fund’s availability policy.
Generally, Bank Five Nine makes funds from your deposit available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you may withdraw the funds in cash and we will use the funds to paychecks you have written. Exceptions for this occur during weekends (Saturdays and Sundays), Federal Holidays, and during other delays. Another great way to know how much you can spend is to check your available balance or ask a Bank Five Nine teller when the funds will become available.
Find yourself at a Bank Five Nine branch with questions? We are happy to help with any questions regarding how to fill out a bank deposit slip! We welcome any questions you may have, big or small.