I went to deposit a check into my bank account at a well known bank, and noticed there were no deposit slips to fill out the information. They had a different kind of slip labeled "credit" in large red words with "counter deposit." I went to the teller and informed him that I could not find a deposit slip, and he told me that the "credit" slip was indeed the correct slip to fill out for making deposits.

I am curious whether or not this terminology makes sense. In my mind, when I use a credit card, or take out a line of credit, I am borrowing money that I have to pay back. That seems completely different from depositing a check into a bank account. There is no borrowing or paying back, it's just the money going into an account.

Further, wouldn't the "counter" in "counter deposit" imply "against, in opposition" to making a deposit?

1 Answer 1


When you pay a sum of money into your account, you are crediting your account with that sum. You are thinking of meaning (1) below; the meaning used on the bank slip is meaning (4)


  1. uncountable noun
    If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them.
    The group can't get credit to buy farming machinery.
    You can ask a dealer for a discount whether you pay cash or buy on credit.

  2. uncountable noun
    If someone or their bank account is in credit, their bank account has money in it. [mainly British]

    The idea that I could be charged when I'm in credit makes me very angry.
    I made sure the account stayed in credit.
    Interest is payable on credit balances.

  3. verb
    When a sum of money is credited to an account, the bank adds that sum of money to the total in the account.
    She noticed that only $80,000 had been credited to her account. The bank decided to change the way it credited payments to accounts.

  4. countable noun
    A credit is a sum of money which is added to an account. The statement of total debits and credits is known as a balance.


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