Deposit slips are short forms used to record deposits to a bank account. They list depositor name, account and routing details, cash and check amounts, and sometimes require endorsements or signatures. Digital channels such as mobile deposit, ATM, ACH, and wires have reduced paper use, but slips and bank receipts continue to serve as verifiable records for posting and reconciliation.

What is a deposit slip?

A deposit slip is a short form you use when adding funds to a bank account. Traditionally it's a paper slip - often the same size as a check - filled out at the branch. It records who is depositing money, the destination account, and the amounts for cash and checks. When you deposit in person, the bank typically gives a printed receipt that shows the same information and a timestamp.

What information is on a deposit slip?

Most deposit slips or receipts include:

  • Depositor name
  • Account number (or partial account number on receipts)
  • Bank routing/ABA number for U.S. transfers
  • Amounts: cash, checks, and total deposit
  • Endorsement line for checks (paid to the bank)
  • Signature when required by the bank
For international transfers, banks rely on SWIFT/BIC codes and wire instructions instead of deposit slips.

Why banks use deposit slips

Deposit slips give banks a clear, auditable record of funds the customer gave them. They help front-line staff record cash and check deposits, allocate funds to the correct account, and create a receipt the customer can keep. The information also feeds back-office systems for posting transactions and reconciling accounts.

Although much of this is now electronic, the underlying purpose - verifying that funds were received and credited correctly - hasn't changed.

Physical slips vs. digital deposits

Mobile deposit (image capture), ATM deposits, and electronic transfers (ACH and wire) have reduced reliance on paper slips. With mobile deposit, you photograph checks and the bank processes the image; ATMs capture checks and cash and return a receipt. Still, branches continue to offer deposit slips for customers who prefer them or for complex deposits that need manual handling.

Banks often accept a variety of paper or printed forms so long as the required information is clear. Many businesses generate computer-printed deposit forms for recordkeeping.

Practical tips

  • Endorse checks as your bank requires before depositing.
  • Keep deposit receipts until the item clears and appears on your statement.
  • Use mobile or ATM deposit for convenience, but keep clear photos and records until you confirm posting.
  • For international transfers, follow wire instruction protocols (SWIFT/BIC and beneficiary details) rather than a deposit slip.
Deposit slips remain a straightforward tool for documenting deposits, even as digital channels increasingly handle routine transactions.

FAQs about Deposit Slips

Do I still need a deposit slip to deposit money?
Not always. Branches provide deposit slips for in-person deposits, but you can often use ATMs, mobile deposit, or electronic transfers instead. Use a slip when the bank asks for one or when you prefer a paper record.
What should I write on a deposit slip?
Include your name, account number, and amounts for cash and checks, and sign if required. Endorse checks according to your bank's rules before depositing.
Will a bank accept any paper with my account details as a deposit slip?
Many banks will accept legible printed forms containing the required information, but individual policies vary. If unsure, ask the teller or branch staff.
How do mobile deposits differ from using a deposit slip?
Mobile deposit uses images of checks submitted through the bank's app; you don't submit a paper slip. The bank processes the image and issues an electronic receipt instead of a traditional paper deposit slip.
What information is used for international deposits instead of a deposit slip?
International wires use SWIFT/BIC codes and beneficiary bank details. Wire instructions, not deposit slips, ensure funds route to the correct international account.

News about Deposit Slips

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