Safe Deposit Boxes
Safe deposit boxes offer a safe and convenient place to keep the items that you simply cannot afford to lose. There are some things that money can’t replace. From insurance policies to your great-grandmother’s ring, help keep your most important valuables from getting lost, damaged, destroyed or stolen with a safe deposit box.
Benefits of a Safe Deposit Box
- Secure. Safe deposit boxes are kept securely inside a bank vault. The boxes are monitored by security systems within the branch. As an added layer of security, it takes two keys to open the box. One key is held by you and a different key is held by the bank. In addition, when you rent your box, you and any others that will have access to your box must sign a card. Upon accessing the box, branch personnel validate the signature. Enjoy the comfort of knowing your valuables are protected and private.
- Separate from your home. Safe deposit boxes provide you peace of mind knowing that your valuables are secure even if your home is destroyed or robbed.
- Resistant to fire, flood and other disasters. While we cannot guarantee that your box is fully protected from fire, flood or other disasters, safe deposit boxes and the vaults that house them are made with highly resistant materials to help combat disasters.
- Inexpensive. Our safe deposit boxes range from just $15 to $50 per year.
What to Keep in Your Safe Deposit Box
- Irreplaceable items, such as computer backups, photo images and negatives, heirlooms, photographs, etc.
- Sentimental value items, such as awards, medals, letters, souvenirs, cards, etc.
- Documentation, such as abstracts, adoption papers, agreements, vehicle titles, bills of sale, birth certificates, burial deeds, Certificates of Deposit, citizenship papers, contracts, corporate charters, court decrees, deeds, family records, financial statements, household inventory (videotaped or written), income tax records, leases, legal papers, living trusts and wills, marriage certificates, military documents, passports, Power of Attorney, listing of all financial companies and account numbers, etc.
- Valuable items, such as stock and bond certificates, coin collections, jewelry, rare stamps, etc.
- Whatever you want. It’s up to you! You should keep what you feel is important in your safe deposit box.
Why isn’t a home safe enough?
- No duplication of materials. Keep copies of documents both at home and in a bank. That way if something happens to one set of documents, you have access to a copy at another location.
- Too easy to access. Safe deposit boxes are stored in vaults with sophisticated alarms, locks, video cameras and other security devices. Banks also have very strict access procedures. It’s much easier for thieves to access a home safe or grab it and walk out the door.
- Too convenient to access. You may forget to put things back in the safe at home when you take them out.
The contents of your safe deposit box are not insured against loss by this financial institution. For your protection, you may wish to obtain your own box content insurance from an insurance company of your own choice.
You should also keep a complete, up-to-date list and description of all property stored in your safe deposit box. This inventory and any other proof of ownership documents should be stored in another location, other than your safe deposit box.
Product descriptions herein do not take the place of required disclosures under federal and state regulations. Please contact us for disclosures appropriate to these accounts.