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Safety Deposit Boxes: questions to ask when selecting a bank
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<p>[QUOTE="Randy Abercrombie, post: 4270820, member: 92655"][USER=56842]@Dougmeister[/USER] I have never seen a bank that has SDB's in their lobby. I sure wouldn't use those. A typical scenario is the boxes are in a vault. You stand and watch the banker unlock his lock and he leaves the room when you unlock yours. Most institutions have a small private room adjacent to the vault where you can make changes in your box in private....... I would insist on;</p><p>1) A vault</p><p>2) Two key control</p><p>3) A private area to view your box.</p><p>Now my box is small and it is stupid cheap. I give something like fifteen bucks a year to rent it. I may be wrong on that but it is an inconsequential amount. And if it were me, I would do it with an institution that I have a previous relationship with for no other reason than it makes the whole "accessing the box" thing feel more comfortable. I truly couldn't tell you if my box is fireproof. I can tell you this. Some years ago a driver had a heart attack and careened into my bank. He was fully accelerating and went through the glass bank front and was stopped cold at the SDB vault. Other than the driver having a heart attack, fortunately nobody in the bank was hurt. To include the SDB vault.[/QUOTE]</p><p><br /></p>
[QUOTE="Randy Abercrombie, post: 4270820, member: 92655"][USER=56842]@Dougmeister[/USER] I have never seen a bank that has SDB's in their lobby. I sure wouldn't use those. A typical scenario is the boxes are in a vault. You stand and watch the banker unlock his lock and he leaves the room when you unlock yours. Most institutions have a small private room adjacent to the vault where you can make changes in your box in private....... I would insist on; 1) A vault 2) Two key control 3) A private area to view your box. Now my box is small and it is stupid cheap. I give something like fifteen bucks a year to rent it. I may be wrong on that but it is an inconsequential amount. And if it were me, I would do it with an institution that I have a previous relationship with for no other reason than it makes the whole "accessing the box" thing feel more comfortable. I truly couldn't tell you if my box is fireproof. I can tell you this. Some years ago a driver had a heart attack and careened into my bank. He was fully accelerating and went through the glass bank front and was stopped cold at the SDB vault. Other than the driver having a heart attack, fortunately nobody in the bank was hurt. To include the SDB vault.[/QUOTE]
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