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What happens if a depositor loses their deposit slip?

a) Report to the bank immediately
b) Provide a written explanation
c) Nothing, the bank has a record
d) Withdraw the entire deposit

1 Answer

5 votes

Final answer:

If a depositor loses their deposit slip, they should report to the bank immediately and provide a written explanation if necessary. The bank has a record of the deposit, so the depositor does not need to withdraw the entire deposit.

Step-by-step explanation:

If a depositor loses their deposit slip, they should report to the bank immediately to inform them of the situation. It is important to notify the bank so that they can take the necessary steps to protect the depositor's funds. The bank has a record of the deposit even if the slip is lost, so the depositor does not need to withdraw the entire deposit. The bank can verify the deposit through their internal records.

Providing a written explanation may also be necessary to document the lost deposit slip, but reporting to the bank is the first and most important step.

User Christopher Blum
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