1. Banking 101

Ways to Receive Deposits to Your Account

Making deposits is a key part of maintaining a checking account. If you don’t make deposits, your checking account will run out of money. You won’t be able to make payments or withdraw cash from it or buy anything using your debit card.

There are several ways to make a deposit, whether you’re depositing a check or cash. But first, you’ll need to prepare your deposit.

When you receive a check to deposit, flip it over. There are usually a few lines on one end of the check that says “Endorse Here.” Sometimes you’ll also see “Do not write or stamp below this line.” Make sure to endorse the check above that wording, as shown here. You can sign your name first, or after you put in the other information.

Endorsing a check means signing your name on the back. The bank will reject any check you try to deposit that isn’t endorsed. Depending on the bank and the deposit method, you may also need to write “For Deposit Only” and the number of the account in which you are depositing the check. If you’re depositing cash, be sure you note down how much you’re depositing.

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