There are times that new customers of banks find it difficult to complete deposit forms. Deposit forms are completed to enable you to save money in your bank account.
Very often new account holders are at a loss as to how to do some basic form filling, such as filling a deposit form to be able to deposit some cash or cheque into their bank account.
The procedures are easy and are explained briefly below to help you when you enter the banking hall for the first time to make a deposit. Do not forget that, the bank staff will hardly help you with this unless you get to the counter to make the actual deposit before you receive a good lecture on how to do it.
1. Fill in the date, preferably in full such as 8th October 2016. Date formats of every kind are accepted such as 8/10/20120 but in the future when you want to tell which month you made the deposit, will it be August 10th or October 8th? It is suggested that you write the month name instead of the number.The vital and common sections on every deposit slip you must fill are explained below (Complete a Bank Deposit Form)
2. Fill in your name, and account number correctly in the space provided on the Bank Deposit Form.
3. Enter the amount you are to deposit by breaking them into the various denominations under the quantity and value subheadings. Note that the denominations such as GHS50, GHS20 $200, and others in cedis are already on the deposit slip.
4. Write the quantity of each of the denominations you have and want to deposit. Multiply the denomination by the quantity and write their actual values under the value section.
5. Add the subtotals and write the total amount you want to deposit. Write the amount in words at the space provided.
6. Cross check your entries to ensure they are accurate, including your bank account entered on the Bank Deposit Form
7. Provide your contact details are required on the deposit slip.
8. Send the cash and the slip to the teller. Don’t hand it over to just anyone in the banking hall.
9. Observe the bank staff as he or she cross-checks your cash against the entries you have made
10. If there are no issues, the teller will sign your deposit slip.
11. If your deposit will be successful, the teller must give you the carbon copy of the deposit slip.
12. Cross check if the Bank Deposit Form you completed has been stamped and signed by the teller.
Note: To save you time and effort and security, do the counting, sorting, and entries on a paper at home or in the office before you get to the bank. This will help you complete the documentation process easier and reduce the time spent in the banking hall.
If the deposit is a check, most of the processes enumerate in the cash deposit will be almost the same. In addition to that
13. Identity the cheque number which is at the bottom left of the cheque you are about to deposit.
14. You will have to fill in the following information :
a. The Drawee Bank; This is the bank from which the one who issues the cheque to you has his or her account
b. Drawee Branch: This is the branch of the bank where the one who issues the cheque to you has his or her account.
Both pieces of information are on the cheque.
15. Write the account number of the account you are paying the cheque into at the back of the cheque.
16. Complete the other parts of the cheque deposit slip and hand over the deposit slip and the cheque to the teller.
Note that some banks use one deposit slip for both cash and cheque deposits while others have separate deposit slips for cash and cheque deposits.
Some banks are however now making a deposit of cash very easy as you need not go through this process but knowing the process will help you. We hope this article on how to Complete a Bank Deposit Form helped
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