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Safe deposit boxes are designed to withstand natural disasters such as fires, floods, hurricanes, and tornadoes. The only copy of an important document should never be stored in a safe deposit box.
Safe deposit boxes can keep certain valuables safe, but don't use one for anything you’ll need easy access to. Learn what you should, and should not, put in a safety box.
Let’s explore what a safe deposit box is and when it makes sense to use one. We'll also warn you about a few potential downsides that you may not have considered. Table of Contents ...
The FDIC suggests using a safe deposit box for originals of documents like birth certificates and car titles. It’s not, it emphasizes, a place to put cash because that cash isn’t protected by ...
Your box will come with either a key or a code to access your items and only you or someone you authorize can access your safe deposit box. If you lose your key, contact your bank immediately.
It’s best not to hide cash in a safe deposit box. It won’t be insured, and you won’t gain interest on your money if it’s in a box. Some banks don’t even allow cash to be stored inside a ...
A Montreal-area woman believes carelessness and lack of security at her bank are to blame for the alleged theft of $20,000 in cash from her safety deposit box. Irina Broido said she and her father ...
Houston hairdresser Akrel "Junior" Byrd never gave a second thought to the safety of his safe-deposit box _ stored under lock and key and guarded by bank personnel inside a steel vault _ until ...