• Banks use deposit slips to keep track of transactions."Financing Climate Change" is Copyrighted by Flickr user: ItzaFineDay (Tavis Ford) under the Creative Commons Attribution license.
  
  

Types

• There are different deposit slips for different account types including savings accounts and checking accounts. You may have deposit slips for your accounts that have your account number on them, whereas generic deposit slips require you to write your account number on them.
  
  

Features

• Deposit slips have you write down each check you are depositing along with the net amount of cash you are putting into your account.
  
  

Purpose

• Deposit slips are used by the bank to verify your deposits. The bank checks to make sure the amounts on the checks match the deposit slip and the total is added correctly to make sure that the correct amount is added to your account.
  
  

Location

• You can use a deposit slip when you are making a deposit in person at a bank, dropping an envelope with a deposit into an ATM drop box or when mailing checks to your bank to be deposited.
  
  

Potential

• More people are switching to direct deposit through which employers transmit paychecks directly into employees' accounts rather than writing payroll checks. Bank statements reflect the deposits that have been made in the previous pay period.