Define: Deposit Slip

Business, Legal & Accounting Glossary

Definition: Deposit Slip


Quick Summary of Deposit Slip


A slip of paper that accompanies cash or cheque payment. It details the amount of the deposit, the bank account the funds should be paid into, and the date of deposit.



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Full Definition of Deposit Slip


A deposit slip is a written form of notification that reflects the dollar amount deposited to an account by an account holder. A deposit slip is usually associated with banks. However, other financial savings organizations may require deposit slip forms as well. A typical deposit slip is an itemized document, which identifies a precise amount of money being deposited. Therefore, a deposit slip may indicate the transfer of funds in the form of paper cash, checks, or coin. Thus a deposit slip may be called for when making a deposit at the bank in person, or via an ATM. Today, a deposit slip is often not needed as many people opt for direct deposits and take advantage of online banking. In these circumstances a deposit slip may be replaced with a statement or summary, reflecting a transaction history for a given period of time.


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Synonyms For Deposit Slip


deposit form, ticket stub, certificate of deposit, claim ticket, deposit statement


Cite Term


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https://payrollheaven.com/define/deposit-slip/
Modern Language Association (MLA):
Deposit Slip. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/deposit-slip/.
Chicago Manual of Style (CMS):
Deposit Slip. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/deposit-slip/ (accessed: April 06, 2020).
American Psychological Association (APA):
Deposit Slip. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/deposit-slip/

Definition Sources


Definitions for Deposit Slip are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020