What are bank deposit slips and how to fill one in

Using a bank deposit slip can be straightforward, provided you know what the process entails.

People who’ve never deposited money in a bank account tend not to know much about deposit slips. These slips require different kinds of information, allowing you to deposit cash as well as cheques into a bank account. 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.

Prefer using deposit slips? Compare bank accounts with branch access

Rates last updated December 16th, 2018
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Classic Banking
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.
Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone. Temporarily block your card at the touch of a button if you lose it.
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.
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.

Compare up to 4 providers

What is a deposit slip? Is it different to a bank deposit slip?

A deposit slip or a bank deposit slip refers to the same form. Banks provide these slips to customers who wish to add funds to their bank accounts, which can come in the form of cash or cheques. Bank slips require different kinds of details, which include details about the deposit. 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 and tallies one against the other. He or she processes the deposit slip and hands you a stub or a receipt. 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.

While you have to use a deposit slip to make a deposit at a branch, you may also have to use one if you want to make a deposit at an ATM.

What is a pay in slip?

A pay in slip is no different from a deposit slip. These slips encourage the sorting of notes and coins. Any person making a deposit at a branch needs to fill in a pay in 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?

Deposit slips may have slight differences, although they tend to require the same basic information. The corresponding images show you what the front and back of a typical deposit slip look like.


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 do 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.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

Was this content helpful to you? No  Yes

Related Posts

Savings Account Offers

Important Information*
ING Savings Maximiser

Maximum Variable Rate


Standard Variable Rate

AMP Saver Account

Maximum Variable Rate


Standard Variable Rate

Bankwest Hero Saver

Maximum Variable Rate


Standard Variable Rate

HSBC Serious Saver

Maximum Variable Rate


Standard Variable Rate


Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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.
Ask a question
Go to site