what is a bank deposit slip, and why is it important?

Question

i think i know waht it is, but it sounds like something stupid and useless, so maybe i'm wrong

Answer 1

A bank depsoit slip is a little piece of paper in the back of your check book, that has your checking account number on it. This is required when you deposit any amount of money in your account when the teller isn't present. It is important for the information on the bottom of it tells that the money belongs to you and no one else. If you don't have it in the envelope when depositing money and you aren't using a teller, they don't have any idea who it belongs to.

Answer 2

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Your name, address, account number, the amount of deposit and whether it's cash or check. In case there's a computer glitch and they lost the info the teller entered in the computer, it will be easy for their processing department to locate where the money needs to go. Or for what ever reason they need to locate your deposit, a bank employee can easily find it by the deposit amount or your name. A teller can enter the wrong account number, computers fail, A check is returned that you deposited into your account. If you want to know what checks or cash you have deposited,

Answer 3

It makes a record of your signature when you withdraw cash durring a deposit. It's CYA on the bank's part...there is really no need for a slip since they add up the checks to verify the total amount anyways. In fact if you forget a deposit slip at some small banks they will still just ask,..and you wanted this to go into checking account right, (without a slip but you have to write account number on back of check), If you need any deposit slips,..let me know, i'll send you some from my bank for you to fill out on paydays.

Answer 4

if you deposit a check in the drop box you need a deposit slip so the bank knows what account to put it in!

Answer 5

It is only important if you want your deposit to be credited to your account. Since personalized deposit tickets are generally pre-encoded with your account number, they reduce errors and expediting post the deposit to your account. It is also used to record what was deposited (checks, cash, etc) for balancing and research purposes.

Answer 6

It is your legal proof of the transaction which consist of checks and cash which ever you desire to deposit
it serve as record for any deposit made

Answer 7

It acts as an instruction for the teller/bank on where to put the funds, how much you put in it. Let's say, you deposit cash in your account and did not fill a deposit slip, the teller can basically screw you over and you have no way to prove you gave her that specific amount.

Answer 8

It is a legal document proving the deposit you made into your banking account.

Answer 9

Well, it's not really that important but it depends on how you view it. Mostly it's for your personal record keeping. So you decide.