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Bank deposit slips are used to add cash or checks to your checking or savings accounts. It only takes a couple of minutes to fill out — but some banks will let you deposit checks online if you’d rather skip it altogether.
A bank deposit slip is used to add funds to your bank account. You can deposit cash and checks on the same deposit slip, and most banks will also let you request to receive cash if you’re depositing a check.
Deposit checks can be used at a bank branch or at certain ATMs. If you’re depositing a check or cash at an ATM, check that the ATM accepts deposits and whether you’ll need an envelope to keep your deposit slip and money together.
Many banks now allow customers to deposit checks online. How it works depends on what type of account you have.
If you’re depositing checks into your personal account, you may be able to deposit your checks via your bank’s app. You’ll generally need to take pictures of the front and back of your check using your phone when prompted. Check with your bank to find out if you’re eligible for electronic check deposits.
If you regularly deposit checks for your business, you may be able to deposit electronically using a check scanner. Check with your bank to find out if your business is eligible and how to get started.
If you’re depositing cash, you’ll still need to do it in person — though some bank branches offer night deposit boxes for after-hours deposits.
Depositing cash or checks into your bank should be simple, but the deposit slips and electronic options can vary from bank to bank. If you make regular deposits, talk with your financial institution about the best way to handle your finances. And if you’re looking for a new bank, compare banks to find one that’s the right fit.
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