What are bank deposit slips and how to fill one in

Bank slips are being phased out, and most banks allow you to deposit funds into your account using just your debit card.


Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Bank deposit slips allow you to deposit cash as well as cheques into a bank account in branch. While you can use a deposit slip to deposit money into your own account, you can also use one to add funds into someone else’s account.

However, bank deposit slips have been phased out of most major Australian banks. Now, if you have a cheque or cash to deposit into your account, you can easily do so in a bank branch or even at Australia Post using just your debit card. No paper needed!

What is a bank deposit slip?

A deposit slip, or a bank deposit slip, is used by customers who wish to add funds to their bank accounts which can come in the form of cash or cheques. Bank slips require details about the deposit, for example if it's cash or a cheque, how much you're depositing and into which account. They have separate sections that require cheque details, in case you’re depositing a cheque.

When you use a deposit slip at a branch the teller accepts the slip along with your deposit (that is the cash or the cheque) and tallies one against the other. They process the deposit slip and hand you a stub or a receipt, verifying the money has been deposited into your account. If you’re depositing a cheque and wish to withdraw funds at the same time the bank may let you request for cash through the same deposit slip.

What is written on the back of a deposit slip?

If you’re making a deposit at a bank you can use the back portion of the deposit slip to indicate how much cash you want to withdraw. In this case you would have to provide acceptable identification to prove you’re the account holder. You’ll have to sign the deposit slip as well. If you’re depositing a cheque, don’t forget to endorse it.

In some instances, the back of the deposit slip requires details from cheques you wish to deposit.

How do I fill in a deposit slip?

All deposit slips may have slight differences, although they tend to require the same basic information. The following images show you what the front and back of a typical deposit slip look like (these are examples only).


Deposit Slips-Front_


Deposit Slips-Back

Completing a typical deposit slip requires that you provide different kinds of information, which includes:

  • Account number. You’ll have to enter your account number on the main section of the deposit slip as well as the stub that you get to retain. If you’re not sure of what your account number is you can find it out using your cheque book, through your bank’s online banking platform or by asking a bank teller.
  • Date. The date you’re making the deposit finds a mention in both sections.
  • Account name. This is the name as displayed on the account, which may or may not be yours.
  • Notes and coins. Enter individual totals of the notes and coins you wish to deposit. The teller will enter values against respective denominations when you make the deposit.
  • Cheques. If you’re depositing a cheque you’ll have to mention the drawer’s name, the name of the cheque’s issuing bank, the branch and the amount mentioned on the cheque. If you’re depositing more than one cheque, you’ll have to provide these details for each. In the given example, you have to mention cheque details at the back and then mention the total from all cheques at the front.
  • Total amount. The bottom section of the slip requires you to enter the total of your combined deposits, which include cash and cheques. You have to write the total in words as well as figures.
  • Signature. You will, in all likelihood, have to sign the deposit slip. Do this where the slip reads, ‘Depositor’s Signature’.

How to deposit money without a deposit slip

As we said earlier in this guide, a lot of Australian banks no longer require bank deposit slips to deposit money into your account. Today, it's much easier to deposit funds into your account and you can do this in branch with just your debit card and some form of ID. Simply head into your local branch and speak to one of the tellers there to deposit cash into your account.

Compare Australian bank accounts with linked debit cards

Data indicated here is updated regularly
Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
HSBC Everyday Global Account
Special offer: $100 cash bonus for new HSBC customers.
Earn 2% cashback on tap and pay purchases (T&C's apply).
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

NAB Classic Banking
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.

Tap and pay with your NAB Visa Debit card or your phone using Apple Pay, Google Pay, Samsung Pay or NAB Pay for Android. Temporarily block your card at the touch of a button if you lose it.
Suncorp Everyday Options Account
Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.
MyState Bank Glide Account
Simplify your everyday banking with these sleek digital features.
$0 monthly account fee.
Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.
P&N Bank & Transaction Account
Pay no monthly account keeping fee with no ongoing deposit conditions to meet. Link your Visa Debit card to Apple Pay, Google Pay or Samsung Pay to make contactless payments with your phone, and use PayID to send and receive money instantly.
CUA Everyday Snap Account
Refund of international ATM withdrawal fees and international card transaction fees (conditions apply). Refund of overdrawn fees.
$0 monthly account fee. Unlimited fee-free everyday transactions.
Apple Pay, Google Pay and Samsung Pay available. Savings Top Up tool automatically transfers to linked savings account.
Citi Global Currency Account
Earn up to 0.75% p.a. interest on your AUD balance.
$0 monthly account fee.
Enjoy one linked debit card to hold up to 10 currencies and receive foreign currencies for free.
CUA Everyday Account
Enjoy flexible payment options and access to a wide network of ATMs.
$0 monthly account fee.
Access to Google, Samsung and Apple Pay. Enjoy fee-free cash withdrawals from 10,000+ ATMs across Australia. Deposit $1,000+ into this each month and receive bonus interest on a linked CUA eSaver Reward Account.

Compare up to 4 providers

You can deposit money into your account at an Australia Post store.

Alternatively, if your bank has a partnership with Bank@Post, you can go to any Australia Post store and deposit cash into your account. This is a great option if you on't have a bank branch near you. Read more about how to deposit cash at Australia Post in our comprehensive guide on using Bank@Post.

How to bank in a business deposit slip?

Some banks let their business account holders make use of express deposits. While you can use this service to deposit cash and cheques at a branch, you can also get your bank to collect the deposit from your place of business. Banks that offer this service can let you make over-the-counter deposits as well as deposits at drop-off boxes and night safes.

To make these deposits you would have to use business deposit slips. You’ll have to start by separating your notes and coins into respective denominations and totalling them in accordance. You should sort and total any cheques that need depositing as well. You then proceed to fill out a business deposit slip, making a note of the total notes, coins and cheques.

Your bank should provide you with a business express deposit envelope that you can use to make the required deposit. Place the deposit in the envelope and seal it. Make a note of the deposit details outside the envelope. Tear off the receipt that you get to keep. Deposit it using any given method.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site