Pregunta
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.
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.
Ask by Tran Young. in the United States
Mar 27,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
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You must always sign a deposit slip.
Solución
To determine when you must sign a deposit slip, let’s analyze each option:
a. You must always sign a deposit slip.
- This is generally true for most banks, as a signature verifies that you authorize the deposit.
b. You only need to sign a deposit slip when receiving cash.
- This is not accurate; you typically need to sign for all deposits, not just cash.
c. You only need to sign a deposit slip when using an ATM, rather than depositing at the bank.
- This is misleading; you may need to sign at both the ATM and the bank, depending on the bank’s policies.
d. You never need to sign a deposit slip. Your account information is enough.
- This is incorrect; most banks require a signature for verification.
Based on this analysis, the most accurate answer is:
a. You must always sign a deposit slip.
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Simplifique esta solución Beyond the Answer
It’s important to understand that deposit slips serve as a record of your transaction, so while it may seem tedious, signing one adds an extra layer of security and authenticity. Typically, the signature is required when you’re making cash deposits or when you’re using a teller service, just to verify that the funds are indeed yours.
Now, let’s say you’re using an ATM. You might be like, “Why sign? My card is enough!” Well, it’s true that when you’re at an ATM, your account number and card details are sufficient for the machine to process your deposit. However, for large amounts or in cases of cash deposits, it’s standard to ensure that everything is properly documented with your signature, preserving a clear record for both you and your bank.
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