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.

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.