When I create a business deposit with numerous checks, if the total that I write on the deposit ticket doesn't match the total dollar amount of the checks, is the bank supposed to deposit the incorrect amount and then take a debit? I've never heard of this before. I'm working with a new teller at my bank. In the past, the bank would deposit the actual amount and send a corrected deposit slip. This new teller drives me crazy!
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Banks can handle this challenge in both ways. One can enter the deposit for the amount on the customer's slip and then enter an adjusting debit or credit for the error, along with an explanation. Another can adjust the deposit amount itself, sending an explanation. There are merits to both approaches, and a lot has to do with the accounting methods used by the depositors.
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Banks can handle this challenge in both ways. One can enter the deposit for the amount on the customer's slip and then enter an adjusting debit or credit for the error, along with an explanation. Another can adjust the deposit amount itself, sending an explanation. There are merits to both approaches, and a lot has to do with the accounting methods used by the depositors.
