Explanation

The paying-in slip (also called a deposit slip or bank giro credit) is the document used when making deposits into a current account. It provides a record of cash and cheques being deposited into the bank.

When you deposit money, you fill in the paying-in slip with details such as the date, your account number, account name, amount of cash (broken down by denomination), and details of any cheques. You keep one copy and the bank keeps the other.

A cheque book is used for making payments, not deposits. A credit card is used for purchases and borrowing. A pass book (or bank statement) shows the record of transactions but is not used to make deposits.

The paying-in slip serves as proof of deposit until the transaction appears on your bank statement. Banks use the information on the slip to credit the correct amount to the right account.