How to Deposit a Cheque in the Bank: Quick and Easy Steps

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Easily Deposit Cheques at Bank Branches

Key Takeaways

• Cheques are essential for depositing money, withdrawing funds, and making payments
• Ensure that you endorse the back of the cheques before depositing them

Before ATMs and online banking, cheques were how people handled most of their banking whether it was withdrawing cash, depositing money, or making payments. While they’re not as common today, they’re still in use. The good news is that modern banking has made handling cheques faster and more secure than ever.

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How to deposit a cheque in bank

Understanding how to deposit a cheque in the bank is simple, especially when doing it at a branch. The process involves just a few easy steps to ensure your funds are securely added to your account, it’s fast, easy, and doesn't require much more than a signature and a little attention to detail:

1. Visit Your Bank Branch

   Go to your bank and approach a bank representative to obtain a cheque deposit slip. These slips are usually available in the lobby area for easy access.

2. Fill Out the Deposit Slip

   Providing all required information, fill the deposit slip. The details include name as it appears on the cheque, bank account number, the amount mentioned on the cheque (both in words and numbers), the name and branch of the bank where the cheque is drawn, and the cheque number. You'll need to fill this information twice, on separate perforated sections of the slip.

3. Review the deposit slip

   Double-check the details on the deposit slip to ensure accuracy. Errors can prevent funds from being deposited into your account.

4. Deposit the Cheque and Collect the Receipt

   Attach the cheque to the deposit slip and submit them to the bank representative responsible for cheque deposits. Collect the cheque deposit receipt. This receipt is the second perforated section of the deposit slip, stamped by the bank.

This method ensures your cheque deposit in bank is handled securely and accurately, making sure it’s processed correctly for further action and reaching your account without any issues

Also Read:- What is a Bounced Cheque

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How to Fill a Cheque Deposit Slip

A bank deposit slip includes fields to collect essential information such as the account holder’s name, account number, date, and the amount being deposited. Following are the steps you should follow when filling the form:

1. Make sure you provide your name as it appears on your account.
2. Include the account number. Some paper deposit slips are pre-printed with the account number.
3. If you are requesting cash back, you may be required to sign the deposit slip in the appropriate space.
4. Include a subtotal for the cash and cheques, along with any amount you want back.
5. Total the deposit at the bottom.

Final Note

If you are a DBS Savings Account holder and wish to gain further insights into depositing cheques at DBS bank branches , you may consult your Relationship Manager. For your convenience, they can share further information on the nearest DBS branch where you can deposit your cheques with ease.

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*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.