Deposit Slip Law and Legal Definition

A deposit slip is the U.S. term used to indicate a slip of paper accompanying money or checks deposited into a bank account. A deposit slip is an itemized memorandum presented by a customer to the bank along with a check or funds. The memorandum contains: date, name of the depositor, depositor's account number, and the amounts of the check. Usually a bank official verifies the funds received against the amounts itemized in the slip.