No One Can Find Safe-Deposit Boxes Anymore

[1srelluc]

https://archive.is/7qt62#selection-5689.0-5689.42

Banks are ditching a traditional service they consider to be outdated​

Good luck getting a safe-deposit box.

Longtime deposit-box renters are getting kicked out of their boxes by banks that are shutting down or scaling back the service. Customers say they have been struggling to find the small boxes traditionally kept inside vaults to store family heirlooms and other valuables.

Kris Wall called 13 branches around the San Francisco Bay Area over the past 18 months, and visited another six or seven, in her unsuccessful search for new boxes. The 49-year-old gemologist and jeweler uses them to store her work, but was told to vacate her extra-large box at a First Republic branch last year.

A decade ago, she got on a wait list at one bank that said it expected an opening in nine years. It never called. She recently learned the bank got rid of deposit boxes completely.

Kris Wall, a gemologist, has long stored her work in safe-deposit boxes.
“It’s literally going the way of landlines,” Wall says.

To some banks, the boxes are becoming more trouble than they are worth. Banks say the service is an anachronism in a time when people increasingly manage their checking accounts and investments on apps and websites.

There must be something to this.....A friend of mine was lamenting the other week how his bank told him to clean-out his box.

I know he has a couple of nice Liberty gun safes so I asked why not put the stuff in one of those?

With the price of safes being inexpensive, plus alarm systems, cameras and other deterrents, why wouldn’t you just keep things close at hand?

I have a surplus "fireproof" (2000 degree/30 minutes) safe I got from the .gov, it even has a shell made of walnut that sits down over it to make it look like a cabinet. It's about four foot tall.....I got rid of my safety deposit after I got it. I know it was a heavy bitch.

 

[Moonglow]

Dog a hole and bury it in the middle of the night.

 

[Dr.Destructo]

There are private lockbox companies.

Hell, if I had the money, I'd love to have a lockbox location myself.

Even some public storage facilities have lockboxes available.

 

[1srelluc]

There are private lockbox companies.

Hell, if I had the money, I'd love to have a lockbox location myself.

Even some public storage facilities have lockboxes available.

LOL.....Given the way banks change hands these days you might be better off. I seldom see a public storage facility go out of business or even change hands as they are money printing machines.....All I ever see them do is expand.

 

[DGS49]

I visited my safe deposit box last week for the first time in 12 years. (PNC Bank, Pittsburgh). It was interesting to recall what I considered so important that it couldn't be lost. Birth and marriage documents, Army discharge papers, medals, and citations, some gold and silver coins. There were a couple of life insurance policies that we had later allowed to lapse.

 

[rampart]

https://archive.is/7qt62#selection-5689.0-5689.42

Banks are ditching a traditional service they consider to be outdated​

Good luck getting a safe-deposit box.

Longtime deposit-box renters are getting kicked out of their boxes by banks that are shutting down or scaling back the service. Customers say they have been struggling to find the small boxes traditionally kept inside vaults to store family heirlooms and other valuables.

Kris Wall called 13 branches around the San Francisco Bay Area over the past 18 months, and visited another six or seven, in her unsuccessful search for new boxes. The 49-year-old gemologist and jeweler uses them to store her work, but was told to vacate her extra-large box at a First Republic branch last year.

A decade ago, she got on a wait list at one bank that said it expected an opening in nine years. It never called. She recently learned the bank got rid of deposit boxes completely.

Kris Wall, a gemologist, has long stored her work in safe-deposit boxes.
“It’s literally going the way of landlines,” Wall says.

To some banks, the boxes are becoming more trouble than they are worth. Banks say the service is an anachronism in a time when people increasingly manage their checking accounts and investments on apps and websites.

There must be something to this.....A friend of mine was lamenting the other week how his bank told him to clean-out his box.

I know he has a couple of nice Liberty gun safes so I asked why not put the stuff in one of those?

With the price of safes being inexpensive, plus alarm systems, cameras and other deterrents, why wouldn’t you just keep things close at hand?

I have a surplus "fireproof" (2000 degree/30 minutes) safe I got from the .gov, it even has a shell made of walnut that sits down over it to make it look like a cabinet. It's about four foot tall.....I got rid of my safety deposit after I got it. I know it was a heavy bitch.

i kinda know where mine is. do i need to see if it is still in the bank vault?

 

[Zincwarrior]

 

[Jarlaxle]

I visited my safe deposit box last week for the first time in 12 years. (PNC Bank, Pittsburgh). It was interesting to recall what I considered so important that it couldn't be lost. Birth and marriage documents, Army discharge papers, medals, and citations, some gold and silver coins. There were a couple of life insurance policies that we had later allowed to lapse.

The main thing in mine is paperwork-my birth certificate, my wife's citizenship papers, our marriage documents, death certificates, copies of wills. Before I sold my house, it also had copies of the deed, mortgage paperwork, and insurance.