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Respected Contributor
Posts: 3,622
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.

Respected Contributor
Posts: 2,266
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.
Respected Contributor
Posts: 4,975
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: 12,252
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: 5,278
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 more I learn the more I realize how little I know.
Being perfect must be a heavy burden.
Esteemed Contributor
Posts: 5,609
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?

Respected Contributor
Posts: 3,586
Registered: ‎03-21-2010

Re: Safe deposit boxes aren't safe

All I have to say is WOW!!!!

Respected Contributor
Posts: 2,937
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: 16,020
Registered: ‎03-10-2010

Re: Safe deposit boxes aren't safe


@Goldie76 wrote:

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


@Goldie76   Or at least read the paperwork you signed completely so you know what they insure.

 

Honored Contributor
Posts: 17,710
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.