Finder makes money from featured partners, but editorial opinions are our own.

How to fill out a bank deposit slip

Have your account information ready to reference so it goes quickly.

Bank deposit slips are used to add cash or cheques to your chequing or savings accounts. It only takes a couple of minutes to fill out — but most banks will let you deposit cheques through a mobile banking app if you’d rather skip it altogether.

What is a deposit slip?

A bank deposit slip can be used to add funds to your bank account. You can deposit cash and cheques on the same deposit slip. Most banks will also let you request to withdraw cash from a cheque you’re depositing on the slip.

Deposit slips can be used at a bank branch or at certain ATMs. If you’re depositing a cheque 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.

BMO Performance Chequing Account

Earn a $600 welcome bonus and enjoy unlimited free transactions and e-Transfers.

How do I fill in a deposit slip?

Deposit Slip Basic Edited Numbered

Completing a deposit slip may require that you provide:

  1. Account number. Enter the account number where you want the money deposited. You may need to enter it on both the cheque and cash sides of the slip. If you’re not sure what your account number is, you can find it on one of your own cheques, through your bank’s online banking platform or by asking a bank teller. If you want more information on what information is included on a blank cheque or how to properly fill one out, check out our other article.
  2. Branch (Transit) Number. You should be able to find your branch number near the account number at the bottom of your cheque, in your online banking account or by asking a teller.
  3. Date. Use the date you’re making the deposit on, not the date on the check.
  4. Initials. Depending on your bank, you may be required provide your name, initials and signature.
  5. Cash. Enter the amount of cash you’re depositing, including change. Like in the example above, you may have to enter the number of each type of bill and coin under the Cash Count column. In the Amount column you would write the total value for each type of bill or coin. For example, if you were depositing three $5 bills, you would write 3 under Cash Count and $15.00 under Amount. Then, enter the total amount in both Cash Subtotal lines by adding up all of the bills and coins.
  6. Cheques. Write the value of each cheque in the Amount column on separate lines. Under the Cheque Identification column write the cheque number. The cheque number is a unique identifying number printed on every cheque in a cheque book. It’s usually printed in the upper right corner of the cheque and as the first set of numbers along the bottom. Add up the total amount of all cheques to write in both Cheque Subtotal lines.
  7. US Cash or Cheques. Your deposit slip may give you the option to deposit US cash or cheques. Like in the example slip above, you would need to write the total value of US cash and US cheques in the appropriate lines. You can also include the exchange rate in the Rate line.
  8. Total deposit. Write the total amount you’re depositing into your bank account on the line / in the box at the bottom by adding up all cash and cheques.

    Mobile phone deposits

    Many banks allow customers to deposit cheques online or by using your mobile banking app. The processes will be slightly different depending on which bank your with.

    Personal deposits

    You may be able to deposit cheques into your personal account via your bank’s mobile app. You’ll generally need to take pictures of the front and back of your cheque using your phone when prompted. Check with your bank to find out if you’re bank offers mobile deposits through their app.

    Business deposits

    If you regularly deposit cheques for your business, you may be able to deposit electronically using a cheque 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.

    Some banks let their business account holders make use of express deposits. To make these deposits you may have to use business deposit slips, like the one in the example above. Your bank will likely 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 any receipt that you get to keep. Deposit it using any given method.

    All savings accounts

    1 - 5 of 5
    Name Product Promo Rate Regular Interest Rate Transaction Fee 1 Year Return Offer
    EQ Bank Personal Account
    EQ Bank Personal Account
    4.00% for 12 months
    2.50%
    $0
    $400.00
    KOHO Earn Interest
    KOHO Earn Interest
    N/A
    5.00%
    $0
    $500.00
    Simplii High Interest Savings Account
    Simplii High Interest Savings Account
    6.00% for 5 months
    0.40%
    $0
    $269.89
    Scotiabank MomentumPLUS Savings Account
    Scotiabank MomentumPLUS Savings Account
    5.60% for 3 months
    1.30%
    $5.00
    $297.30
    Neo High Interest Savings Account
    Neo High Interest Savings Account
    N/A
    4.00%
    $0
    $400.00
    loading

    Bottom line

    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 most efficient way to handle your finances. And if you’re looking for a new bank, compare banks to find one that’s the right fit for you.

    Frequently asked questions

    More guides on Finder

    • BMO offers for February 2024

      New to BMO? Check out these bonus offers and see if you can save more with our referral codes and deals.

    • Future of Banking: Digital banking trends

      Digital banking continues to grow in popularity. Learn the key figures regarding Canada digital banking statistics.

    • Work from home Canada statistics

      Work-from-home, or remote work, was once a digital nomad’s dream. These days, work-from-home is a key bargaining tool for both employers and employees. Here are key facts and statistics regarding the work-from-home in Canada trend.

    • What To Do With Your Bank Account When Moving Abroad

      Learn what to expect when you open a foreign bank account, what hurdles to overcome when using your Canadian bank account and other fees and limits to consider when living and working overseas.

    • Mydoh promo codes

      Explore Mydoh promo codes and compare your options with other Canadian bank offers.

    • Best online banks in Canada

      Whether you’re looking for a digital-only bank, a virtual bank account or a bank account you can access online, we help you find and compare the best online banks in Canada.

    • RBC new account offers and promotions

      Explore all of the latest RBC offers and promotions available now.

    • Best bank for newcomers in Canada

      Searching for the best bank in Canada for new immigrants? Find the best bank for newcomers to Canada in our new immigrants’ banking guide.

    • Bank of Canada interest rate forecast report

      Read Finder’s BoC Interest Rate Report for forecasts from some of Canada’s brightest minds in economics and learn more about how recent rate increases could affect Canada’s real estate market.

    • How to open a joint bank account in Canada

      Opening a joint bank account is a big step for any couple. Find out more about what to look for in an account and how to avoid the common pitfalls.

    Ask an Expert

    You must be logged in to post a comment.

    Go to site