diff --git a/pkg/core/state/deposit.go b/pkg/core/state/deposit.go
index 8e45e9595..879b562b3 100644
--- a/pkg/core/state/deposit.go
+++ b/pkg/core/state/deposit.go
@@ -1,10 +1,13 @@
 package state
 
 import (
+	"errors"
+	"fmt"
+	"math"
 	"math/big"
 
-	"github.com/nspcc-dev/neo-go/pkg/encoding/bigint"
 	"github.com/nspcc-dev/neo-go/pkg/io"
+	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
 )
 
 // Deposit represents GAS deposit from Notary contract.
@@ -15,12 +18,46 @@ type Deposit struct {
 
 // EncodeBinary implements io.Serializable interface.
 func (d *Deposit) EncodeBinary(w *io.BinWriter) {
-	w.WriteVarBytes(bigint.ToBytes(d.Amount))
-	w.WriteU32LE(d.Till)
+	stackitem.EncodeBinary(d.toStackItem(), w)
 }
 
 // DecodeBinary implements io.Serializable interface.
 func (d *Deposit) DecodeBinary(r *io.BinReader) {
-	d.Amount = bigint.FromBytes(r.ReadVarBytes())
-	d.Till = r.ReadU32LE()
+	si := stackitem.DecodeBinary(r)
+	if r.Err != nil {
+		return
+	}
+	r.Err = d.fromStackItem(si)
+}
+
+func (d *Deposit) toStackItem() stackitem.Item {
+	return stackitem.NewStruct([]stackitem.Item{
+		stackitem.NewBigInteger(d.Amount),
+		stackitem.Make(d.Till),
+	})
+}
+
+func (d *Deposit) fromStackItem(it stackitem.Item) error {
+	items, ok := it.Value().([]stackitem.Item)
+	if !ok {
+		return errors.New("not a struct")
+	}
+	if len(items) != 2 {
+		return errors.New("wrong number of elements")
+	}
+	amount, err := items[0].TryInteger()
+	if err != nil {
+		return fmt.Errorf("invalid amount: %w", err)
+	}
+	till, err := items[1].TryInteger()
+	if err != nil {
+		return fmt.Errorf("invalid till: %w", err)
+	}
+	ti64 := till.Int64()
+	if !till.IsInt64() || ti64 > math.MaxUint32 || ti64 < 0 {
+		return errors.New("wrong till value")
+	}
+	d.Amount = amount
+	d.Till = uint32(ti64)
+	return nil
 }
diff --git a/pkg/core/state/deposit_test.go b/pkg/core/state/deposit_test.go
new file mode 100644
index 000000000..e928bc3a7
--- /dev/null
+++ b/pkg/core/state/deposit_test.go
@@ -0,0 +1,59 @@
+package state
+
+import (
+	"math/big"
+	"testing"
+
+	"github.com/nspcc-dev/neo-go/internal/testserdes"
+	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
+	"github.com/stretchr/testify/require"
+)
+
+func TestEncodeDecodeDeposit(t *testing.T) {
+	d := &Deposit{Amount: big.NewInt(100500), Till: 888}
+
+	depo := new(Deposit)
+	testserdes.EncodeDecodeBinary(t, d, depo)
+	item := stackitem.Make(42)
+	data, err := stackitem.Serialize(item)
+	require.NoError(t, err)
+	require.Error(t, testserdes.DecodeBinary(data, depo))
+}
+
+func TestDepositFromStackItem(t *testing.T) {
+	var d Deposit
+
+	item := stackitem.Make(42)
+	require.Error(t, d.fromStackItem(item))
+
+	item = stackitem.NewStruct(nil)
+	require.Error(t, d.fromStackItem(item))
+
+	item = stackitem.NewStruct([]stackitem.Item{
+		stackitem.NewStruct(nil),
+		stackitem.NewStruct(nil),
+	})
+	require.Error(t, d.fromStackItem(item))
+
+	item = stackitem.NewStruct([]stackitem.Item{
+		stackitem.Make(777),
+		stackitem.NewStruct(nil),
+	})
+	require.Error(t, d.fromStackItem(item))
+
+	item = stackitem.NewStruct([]stackitem.Item{
+		stackitem.Make(777),
+		stackitem.Make(-1),
+	})
+	require.Error(t, d.fromStackItem(item))
+	item = stackitem.NewStruct([]stackitem.Item{
+		stackitem.Make(777),
+		stackitem.Make("somenonu64value"),
+	})
+	require.Error(t, d.fromStackItem(item))
+	item = stackitem.NewStruct([]stackitem.Item{
+		stackitem.Make(777),
+		stackitem.Make(888),
+	})
+	require.NoError(t, d.fromStackItem(item))
+}