Chapter 8 Financial Institutions and Services 191
Credit cards, debit cards, and ATM cards offer several advantages.
They eliminate the need to carry large amounts of cash. They allow you to
access your money any time of day or night. They let you purchase goods
and services in places where checks are not accepted.
Making Deposits
To deposit money in your account, fi ll out a deposit slip as a record of
the transaction. A deposit slip states what is being deposited—currency,
coins, or checks—and the amount of each item, 8-9. Follow these steps
when fi lling out a deposit slip:
1. Write the date.
2. Enter the amount of money being deposited in checks, currency, and
coins. If you need more room, you may continue listing checks on the
back of the deposit slip.
3. Total the amount of currency, coins, and checks to be deposited.
Write this number after the word Subtotal.
4. If you want to withdraw cash at the same time you make a deposit,
enter the amount after the words Less cash received. You must sign the
slip if you want cash back from your deposit.
5. Subtract the amount in Less cash received from the Subtotal.
6. Enter the actual amount deposited after Total deposit.
7. Record the deposited amount in your checkbook register.
When you make a deposit in person, you receive a receipt. If you deposit
by mail, the bank sends you a receipt. When you make deposits at an ATM,
you receive a receipt detailing the transaction and showing the current bal-
ance in your account. Save your receipts to help balance your checkbook.
TOTAL
DEPOSIT
LESS CASH
RECEIVED
FROM OTHER SIDEES
CHECKS SINGLY
COININ
SUB-TOTAL
DEPOSITITOSEPD
TICKETTCTI
PLEASE ITEMIZE
CHECKS ON
REVERSEESR
SIDEES
C
H
E
C
K
S
CURRENCYYCRREN
DATE______________________________________________________20_________
CHECKS AND OTHER ITMES ARE RECEIVED FOR DEPOSIT SUBJECT TO THE TERMS AND CONDITIONSS
OF THIS FINANCIAL INSTITUTION’S ACCOUNT AGREEMENT.
DEPOSITS MAY NOT BE AVAILABLE FOR IMMEDIATE WITHDRAWAL.
_______________________________________________________________________
SIGN HERE ONLY CASH RECEIVED FROM DEPOSITT
March 11 xx
150 00
150 00
20 00
130 00
Mary A. Anderson
TO TAL
DEPOSIT
LE SS C A SH
REC EIVED
TTOTAL O TAL
IITEMS TEM S
TTOTAL O TAL FR O M O THER ID
LLISTT I S C HE CKS SIN G LY
CO
SUB-TOTAL
KE
PLEA SE ITEMIZE
ADDITIADDITIONALNALO
C HECKS ON
EVER
ID
C
H
E
C
K
S
CU
DATE______________________________________________________20_________
CHECKS AND OTHER ITMES ARE RECEIVED FOR DEPOSIT SUBJECT TO THE TERMS AND CONDITION
O F THI S FINAN CIAL INSTITUTION’S A CCO UNT AG REEMENT.
DEPOSITS MAY N O T BE AVAILABLE F O R IMMEDIATE WITHDRAWAL.
_______________________________________________________________________
EIVED FR O M DEP OS I
March 11 xx
150 00
150 00
20 00
130 00
Mary A. Anderson
______________________________________ _
SI G N HERE O NLY IIF F C A SH RE CE
8-9
A deposit slip is a record
of money you put into your
account.