A deposit ticket, or deposit slip, is a form provided by banks to customers depositing money so that a paper record exists of the specifics of the deposit. Information included on the ticket includes the breakdown of funds over cash and check, the date of deposit, the account in which the deposit is made and other entries.Continue Reading
Deposit tickets also record how much of the funds in question were deposited and how much, if any, were cashed. The different fields also allow for itemized breakdowns of cash and checks deposited so that checks can be kept discrete from one another in the interest of fiscal clarity.
Tickets are sometimes printed with negatives beneath which are kept by the bank for filing and records. These tickets allow banks to easily keep accurate records of transactions over long periods of time, provided filing is accurate. Other types of tickets are simply torn in half with one side filled out by the depositor and the other side filled out afterward by the teller.
Deposit tickets are a traditional part of American banking and help to keep its basic functions working smoothly. They are often stored off-site in records facilities where they can be accessed by bank officials in the event of a need for information.Learn more about Bank Accounts