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Deposit Slip

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A deposit slip is a written form of notification that reflects the dollar amount deposited to an account by an account holder. A deposit slip is usually associated with banks. However, other financial savings organizations may require deposit slip forms as well. A typical deposit slip is an itemized document, which identifies a precise amount of money being deposited. Therefore, a deposit slip may indicate the transfer of funds in the form of paper cash, checks, or coin. Thus a deposit slip may be called for when making a deposit at the bank in person, or via an ATM. Today, a deposit slip is often not needed as many people opt for direct deposits and take advantage of online banking. In these circumstances a deposit slip may be replaced with a statement or summery, reflecting a transaction history for a given period of time.



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