We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is a Deposit Stamp?

Mary McMahon
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A deposit stamp is a stamp used to endorse checks for deposit into a bank account. These stamps are commonly used by businesses for handling their checks, as endorsing checks by hand would be time consuming. Individuals can also use a deposit stamp for preparing checks for deposit. Also known as an endorsement stamp, they can be ordered from financial services companies or any business capable of producing rubber stamps.

Typically, the deposit stamp lists the name of the business, the bank, and the bank account number. It can also include a line saying “for deposit only,” obliging the bank to deposit the check into the listed account. This prevents situations like unauthorized redirections of checks. Typically, checks are stamped as soon as they are received. When the business prepares a deposit for the bank, the checks are added up, inspected to make sure they were all stamped, and then included in the deposit envelope.

Using a deposit stamp can increase safety. Once a check has been written out to a payee, it is possible for it to be transferred to another party if the payee endorses the back and makes it out to a new person. Someone could fraudulently take a check, endorse the back, and attempt to cash or deposit it. A check with a deposit stamp can only be deposited in the listed bank account. If checks are lost or stolen, the business can rest assured that they cannot be cashed or deposited in different accounts.

Banks may appreciate deposit stamps, as it can be easier to process stamped checks with all the bank account information readily available. Banks often become familiar with the habits of their commercial customers and the deposit stamp may also make it easier for tellers to spot irregularities while processing large volumes of checks, such as a check for an odd amount that seems wrong when compared with other transactions. Likewise, knowing that a business usually uses a deposit stamp, a bank could hold a check made out to that business if it was endorsed oddly, suggestive that someone might be attempting something fraudulent with a check, such as pocketing a check instead of putting it into the register and attempting to cash it later.

When ordering a deposit stamp, people may want to check with their banks to see if there are any special restrictions or wording they should use. It is important to verify the business name and bank account number when sending out the order, and again when the stamp is received, to make sure it is prepared correctly.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Mary McMahon
By Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a SmartCapitalMind researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Discussion Comments
Mary McMahon
Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a...

Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.