Reply
Respected Contributor
Posts: 3,940
Registered: ‎12-10-2016

Re: Safe deposit boxes aren't safe

I have had a SDB for over forty years and there has never been a problem. 

 

When a terrible tornado went through our town, the only thing standing downtown was the three banks safety deposit boxes.

 

And as far as someone drilling a box, they would have to know what box had valuables.

 

I have been a bank manager and the SDB are safe.

Esteemed Contributor
Posts: 6,120
Registered: ‎03-29-2019

Re: Safe deposit boxes aren't safe

I have a feeling that this is yet another fake news, click-bait story.

 

 

I'll take a safe deposit box over my mattress any day.

The Sky looks different when you have someone you love up there.
Esteemed Contributor
Posts: 7,630
Registered: ‎08-19-2014

Re: Safe deposit boxes aren't safe

 When my mom passed I emptied her SDB & everything was in there.I have one now but only keep papers in it.

Honored Contributor
Posts: 12,702
Registered: ‎08-22-2013

Re: Safe deposit boxes aren't safe

I cannot believe that there are not video cameras inside the bank vault where the SDB is.

Esteemed Contributor
Posts: 7,709
Registered: ‎03-09-2010

Re: Safe deposit boxes aren't safe


@Anonymous032819 wrote:

I have a feeling that this is yet another fake news, click-bait story.

 

 

I'll take a safe deposit box over my mattress any day.


 

https://duckduckgo.com/?q=banks+sued+over+safety+deposit+box+losses&t=h_&ia=web

The eyes through which you see others may be the same as how they see you.
Honored Contributor
Posts: 9,283
Registered: ‎03-09-2010

Re: Safe deposit boxes aren't safe

There's no way to prove what's in the box.

 

I could say I had a $50,000 diamond ring in it - who's to say otherwise?

Esteemed Contributor
Posts: 5,823
Registered: ‎03-21-2010

Re: Safe deposit boxes aren't safe

All I have to say is WOW!!!!

Respected Contributor
Posts: 3,537
Registered: ‎03-15-2010

Re: Safe deposit boxes aren't safe

I recently learned about this situation and today I read this story.

 

I just don't get it.  It sounds like the Wild West.  I am not sure where to keep belongings safe.

 

We have a SDB where we keep copies of valuable paperwork, jewelry appraisals, jump drives of photos etc.

 

Honored Contributor
Posts: 23,835
Registered: ‎03-10-2010

Re: Safe deposit boxes aren't safe


@golding76 wrote:

Thank you, SeaMaiden.  I have been thinking to return some jewelry to my safe deposit box.  Now I know that I won't.


@golding76   Or at least read the paperwork you signed completely so you know what they insure.

 

Honored Contributor
Posts: 18,415
Registered: ‎11-25-2011

Re: Safe deposit boxes aren't safe


@VenturaHighway wrote:

I have had a SDB for over forty years and there has never been a problem. 

 

When a terrible tornado went through our town, the only thing standing downtown was the three banks safety deposit boxes.

 

And as far as someone drilling a box, they would have to know what box had valuables.

 

I have been a bank manager and the SDB are safe.


Physically safe from tornadoes BUT not water proof.

Many years ago before Harvey, Houston was flooded...

and many SDB holders found out that fact too late. 

 

A good friend, who was a banking center manager, tells stories

about a husband/wife joint box...and they were in their box

all.the.time. Come in on Friday, leave w/ a filled bag &

deposit large amts of cash on Monday. He’s convinced there

were large amounts of drugs being stashed in there,

but no one would ever know for sure.