Question

When must you sign a deposit slip?
a.
You must always sign a deposit slip.
b.
You only need to sign a deposit slip when receiving cash.
c.
You only need to sign a deposit slip when using an ATM, rather than depositing at the bank.
d.
You never need to sign a deposit slip. Your account information is enough.

Answer 1

b. You only need to sign a deposit slip when receiving cash.

Explanation: A signature is used to authorize cash received back from a deposit (or to verify identity for a withdrawal). If you’re simply depositing money into your own account, the account number on the slip is usually sufficient.