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How do I record small deposits (e.g. $0.05, $0.07) as a result of bank verification for purposes of accounting? As income? Negative expenses?

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If they don't withdraw it back (some institutions do), then you can write it down as income. Categorizing it as "interest income" seems the closest fit to me.

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I guess that makes sense. Thanks! –  Jake Petroules Jul 16 '12 at 4:57
    
Adding update: I opened an account last year, and the verification amounts weren't withdrawn. They ended up being added to my 1099-INT from that institution, so I guess the banks treat it as interest as well. –  littleadv May 22 '13 at 18:20

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