This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
Deposit tickets are the slips depositors are required to make out showing the respective amounts of bills, coin, checks, etc., that are deposited. They should always be made out by the depositor, and never by bank officials, except in unusual cases, such as inability. They are kept by the banks and, if any dispute arises as to how much was deposited, these slips, in the handwriting of the depositor, are of great value. Banks frequently print in the pass books notice of the terms on which deposits are received and the same terms should also be placed on the deposit slips. This statement usually is merely a disclaimer of liability on items deposited that are payable by other banks. This is done to notify the depositor that while the bank has acknowledged its indebtedness to him, it is subject to the qualification that all checks, notes and drafts presented are subject to the bank's ability to collect on them. For instance, A deposits B's check for $500 with the bank. The bank enters A as having made a $500 deposit. But if the bank is unable to collect the check it will not be liable to A for the $500 with back which it has credited him. In order that the bank's position may be clear, such legal notice to depositors should be given of the terms on which deposits are received.
For Deposit BY
- With -
Institute National Bank,
The depositor using this ticket hereby agrees that all items payable outside of Richmond shall be forwarded by this bank as agent for the depositor at the depositor's risk; that this bank shall not be responsible for negligence, default or failure of sub-agents, nor for losses in the mails; that this bank shall have the right to charge back to the depositor's account any item for which actual payment is not received; that items may be sent direct to the banks on which drawn without waiving any of the above conditions, and that items on Richmond are credited subject to actual payment through the Richmond Clearing House.
Currency............................................................................. | Dollars | Cents | |||||
Coin......................................................................................... | |||||||
Checks And Drafts. | |||||||
Institute State Bank
Of Pittsburgh
Deposit Made BY
______________________________________________________________________ 192
Currency | Dollars | Cents |
Silver | ||
Gold | ||
Checks As Follows In Pittsburgh, name the Bank; out of town, name the place Use transit numbers preferably | ||
Authorized Signature Of Individual
For the Institute National Bank Of Statetown
Sign Here
Address
Business
Introduced by Accepted by
Date 192 Remarks
...............................................................................o...........................................................................
face
To the
Institute National Bank Of Statetown:
Until you are further notified by the undersigned, in writing, you are hereby authorized, empowered and directed to honor and pay all checks drawn on you and signed by ...................................whose signature appears below (who is fully authorized to represent and act for the undersigned in all dealings with your Bank) and charge such checks to the account of the undersigned.
.....................................................................
Signature of person authorized to sign checks: .....................................................
I hereby certify the foregoing is the signature of .............................................................
Dated, this............day of...............A. D. 192..........
back ...........................................................
Authorized Signatures Of Partnership
For the Institute National Bank Of Statetown
: :
Mr. will sign
Mr. will sign
Mr. will sign
Mr. will sign
'
Date............192......... face o
Name
Address
Business
Introduction
Came from
Other Bank Accounts
Remarks
Account accepted by
back
Authorized Signatures Of Corporation
For the Institute National Bank Of Statetown
Countersigned by
President
Vice-President
Vice-President
Secretary
Treasurer
Date............192......... face o
Name
Address
Business
Introduction
Came from
Other Bank Accounts
Remarks
Account accepted by
back
Authorized Signature OF
For the Institute State Bank Of Statetown
Below find the..............authorized signatures which you will please
(Number) recognize in the payment of funds or the transaction of other business on account of this Bank. Yours respectfully,
Date_____________________________________________Cashier
President Vice-President
Cashier Assistant Cashier
Date................ 192_ o face
Capital
Introduced by
Terms of account
Sometimes, especially when the amounts are small and the deposit is expected to be comparatively short-lived, instead of giving the depositor a pass book, the bank may give him a duplicate slip for each deposit ticket he makes out - that is, each deposit will be entered on a slip which is handed to the depositor and serves, instead of the pass book, as the depositor's evidence of the deposit. Likewise, the duplicate deposit ticket is of great convenience when the depositor forgets to bring his pass book. Banks that do not have a special printed duplicate slip may use a rubber stamp on the regular slips to acknowledge deposits.
 
Continue to: