How to Fill Out a Deposit Slip
This was the second part of my video on how to fill out checks. Deposit slips are found at the back of the checkbook. Usually they are white. Checks themselves can be a variety of colors and have designs like Disney Princesses on them, but deposit slips are usually more formal in appearance.
You need a deposit slip when you are depositing money into your account. It isn't just for cash. If people have written you checks, you will use a deposit slip to submit those too.
The important thing to remember is that not all transactions are immediate, particularly when it comes to checks. I used to get annoyed with my dentist because he used to wait a full week to withdraw money from my account when I wrote him a check. Some banks put limits to how many times a person can submit checks, and so some places or people will wait. In the case of my dentist, they went to the bank once a week. Of course, I've noticed they no longer do this when they started getting poorer.
Generally speaking, transactions will go faster if the payer and the payee belong to the same bank. If the payer and the payee belong to two different banks, then that can slow a transaction too.
The important thing to remember is to write everything down. The money that is shown in your account may not actually be the money you have if there are checks yet to be subtracted from it.
You need a deposit slip when you are depositing money into your account. It isn't just for cash. If people have written you checks, you will use a deposit slip to submit those too.
The important thing to remember is that not all transactions are immediate, particularly when it comes to checks. I used to get annoyed with my dentist because he used to wait a full week to withdraw money from my account when I wrote him a check. Some banks put limits to how many times a person can submit checks, and so some places or people will wait. In the case of my dentist, they went to the bank once a week. Of course, I've noticed they no longer do this when they started getting poorer.
Generally speaking, transactions will go faster if the payer and the payee belong to the same bank. If the payer and the payee belong to two different banks, then that can slow a transaction too.
The important thing to remember is to write everything down. The money that is shown in your account may not actually be the money you have if there are checks yet to be subtracted from it.
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