Definition of Proof Of Deposit (POD)

verification of the dollar amount on a check or draft being deposited. This is done by comparing the handwritten amount on the check to the amount written on the accompanying deposit slip. Proof of deposit is the second step in processing of checks presented for payment, after checks have been separated by a check sorting machine known as a reader/sorter into on-us and on-others categories, and is the only step in check processing that has not been automated fully. Proof of deposit or proving a check is done manually after checks have been sorted into different categories and the MICR line containing the customer's account number and the bank routing and transit number has been captured by the reader/sorter.