While digital banking has revolutionized how we manage money, physical deposit slips remain an essential tool for business owners and personal banking clients dealing with large volumes of cash or paper cheques. A Bank of Montreal (BMO) deposit slip ensures your funds are accurately routed to the correct account when dropping off deposits at a branch teller or utilizing the night depository box.
Completing your deposit slip correctly prevents processing delays and safeguards against accounting errors. Whether you are using a generic slip provided at the branch or a personalized booklet ordered for your business, you must follow a standard procedure to itemize your cash and cheque submissions securely.
| Category | Details |
|---|---|
| Required Info | Date, Account Name, Transit (5-digit), Account (7-digit). |
| Cash Deposits | Separate and total all paper currency and coins. |
| Cheque Deposits | List individually or provide a calculator tape total. |
| Endorsements | Ensure all cheques are signed or stamped on the back. |
Step-by-Step Guide to Completing Your Deposit Slip
- Fill in Account Details: Write the current date. Ensure your full name (or business name) and complete BMO account number are clearly printed at the top.
- Record the Cash: In the designated section, enter the total value of your paper bills and coins. Double-check your physical count before writing the number.
- Itemize Cheques: Write the amount of each individual cheque on the provided lines. If you have more cheques than lines, attach an adding machine tape and write "See Tape" with the total amount.
- Calculate the Subtotal: Add the cash total and the cheque total together to determine the subtotal.
- Finalize the Total: If you require cash back (only applicable for in-person teller transactions), enter that amount and subtract it from the subtotal to find your Net Deposit.
Pro-Tip: If you are using the branch night depository service, always seal your deposit slip, cash, and endorsed cheques inside a tamper-evident BMO deposit bag. Never put loose slips or unsealed cash into the drop box.
Troubleshooting Online Ordering & Digital Deposits
- MFA Delays: When logging into BMO Online Banking to order a new booklet of personalized deposit slips, you may be prompted for Multi-Factor Authentication. If the SMS code does not arrive, switch the delivery method to email or check your cellular reception.
- Browser Errors: If the online supply ordering page loops or fails to load, clear your browser's cookies and cache. BMO's secure portals occasionally block sessions if outdated data is stored in your browser.
- Locked User ID: If you accidentally lock your digital profile while trying to order slips or use the mobile deposit feature, you will need to call BMO Customer Support or use the "Forgot Password" tool to reset your access before proceeding.
Efficiency Hack for Faster Deposits
Skip the paper deposit slips and the trip to the branch entirely! Use the Mobile Cheque Deposit feature inside the BMO Mobile Banking app. Simply sign the back of your cheque, snap a picture of the front and back using your smartphone camera, and the funds will be deposited into your account instantly and securely.
Frequently Asked Questions
Do I need a deposit slip to use a BMO ATM?
No, modern BMO ATMs are envelope-free and do not require a deposit slip. The machine will automatically count your cash and scan your cheques, providing you with a digital or printed receipt of the itemized deposit.
Where can I get more BMO deposit slips?
You can pick up blank deposit slips for free at the writing desks inside any BMO branch. If you need personalized booklets pre-printed with your business account information, you can order them through BMO Online Banking or by speaking to a branch representative.
