Thursday, October 12, 2006

Deposit Slips

For anyone with a bank account making deposits are necessary. Deposit slips can be defined as an itemized slip that shows the exact amount of all money, including paper money, coins and checks that are deposited into a certain account. Deposit slips can either be personalized or generic. Generic ones are those that can be obtained from the bank that have no personal information preprinted on them. These can be used by any patron of the bank, and require that information such as name, address and account numbers be filled in. Personalized deposit slips can usually be found in the back of a book of checks, and are preprinted with the account holders personal information, as well as bank account information. Just as we are able to order checks, we are also able to order personalized slips for when we need to make a bank deposit. These can be purchased through the financial institution that handles your account or any online retailer of banking products and supplies. Deposit slips can be ordered in a standard format, or can be personalized. Many companies offer text styles such as calligraphy, script, freehand and old English that can be used. There are also many different types that can be purchased and used. There are booked deposit slips that are formatted like a checkbook, 3-on-a-page style that are perforated for ease of use, and also Quicken laser deposit slips. Expect to pay about $6.00 for 100 deposit slips. Of course, the more you buy the more you save, so it is more economical to buy in large quantities. This will also cut down on shipping costs, as you will not have to reorder as often. If you are handy with a printer and home computer, you may be able to print your very own from the comfort of your home. Since all banks, credit unions and other financial institutions have their own rules and regulations it is always wise to check with them first as to whether they allow the use of home printed deposit slips. Some banks that favor this method will even offer you a template that can be used in conjunction with your home computer. When you first start banking you will want to take into account the costs associated with each different method of obtaining deposit slips. While it may seem cheaper to print your own at home, the costs of paper and ink can be quite expensive, and ordering them can become costly due to the recurring shipping and handling fees. Watching for specials when ordering, and using coupons for supplies when printing your own deposit slips will help to defray costs. Of course, the cheapest method is to just use the generic ones that can be picked up in the lobby of your bank. After all, they are free!

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