Sometimes it doesn't pay to listen to naysayers. Just ask the country's leading banks, who were told years ago that bank deposit slips, checkbooks, cash and ATMs would all be long gone by now. Unless or until all banking transactions go digital, many banking customers will continue to rely on deposit slips from one of the country's largest banks, JPMorgan Chase Bank. Like trying to dash up an escalator that's going down, you may feel like you're moving in the wrong direction if you've recently taken over a Chase account for a parent or other family member. But don't be surprised if you find great appeal in the delightfully simple and businesslike process of making a deposit – and wonder why those naysayers were so "down on paper" in the first place.
Deposit Slips Breed Accountability
Of course, it may take a while for you to become a proponent of a paper process, particularly if your banking transactions are fully automated. In fact, if you're a millennial or a member of Gen Z, it's possible that you may never have set eyes on a paper paycheck; all of your payments may have gone straight from your company's accounting department to your savings or checking account via direct deposit. It's an efficient system, and since depositors receive an informational direct deposit pay stub, it's accountable, too. A Chase bank deposit slip provides similar assurances to both the bank customer and the bank.
The customer receives a receipt for the transaction, confirming that a deposit worth a certain amount of money has been made to a certain Chase account. In this way, the Chase deposit slip both acknowledges and provides proof that the bank has received money, the Corporate Finance Institute says. Meanwhile, deposit slips enable the bank to maintain a ledger and keep track of deposited funds. In theory and in practice, The Battalion says that deposit slips protect both customers and banks against errors and fraudulent activity, which is an impressive feat for such an "archaic" procedure.
Get a Stack of Chase Bank Deposit Slips
For someone who doesn't know how or where to get a Chase deposit slip, this first step can be the most stressful of all. Fortunately, it should dissipate in no time because the slips can be found: in the back of a Chase checkbook, at Chase bank branches, by calling 800-935-9935 and ordering a bundle or by printing some via checkdeposit.io (where you can create, print and even mail check deposit slips for any bank in the United States).
As with any form, and especially one that pivots on accuracy, it helps to focus on one side or section at a time. So start in the upper left corner and fill in the date and then, below, the customer's name. (If it's a business, it can be the business' name or the account holder's name.) Sign below if you want cash back as part of your deposit. If you're not sure yet, finish the form and return to this part. Write the account number in the pink boxes, writing one numeral per box.
Moving to the right side of the deposit slip, check the appropriate box in the upper corner. Is the account checking, savings or Chase liquid (a prepaid card)?
Fill Out a Chase Deposit Slip in Minutes
Before you finish filling out the deposit slip, it may help to put the cash you wish to deposit in one pile and the checks in another. Staying organized should help prevent oversights as well as errors and crumbled-up deposit slips. So add up the total amount of cash (if any) and enter the total on the slip.
If you're depositing one check, write the amount next to the word "check." If you're depositing more than one check, list the amount of each check on the back of the slip and put the total on the front. Arrive at a subtotal for the transaction after adding together the amount of the cash and the checks. Then decide how much cash you'd like back, if any. Put this number in the boxes and subtract it from the subtotal. This number is the "total," meaning your total deposit.
Assuming that you're making this deposit in person at a Chase bank, make sure that you or the Chase customer signs the back of each check. Then keep that pen handy. You may need it sooner rather than later given the ease of making a Chase deposit.