Safe deposit boxes are an additional service offered at some banks. For an annual fee, customers can rent a box to store their valuables and important documents in the bank's vault. But this protection is not absolute: unlike regular bank accounts, safe deposit boxes are not insured or prote...
Safe-Deposit Box Contents Not InsuredIn the aftermath of Superstorm Sandy, holders of safe-deposit boxes should consider how safe the valuables they've got stowed away really are.record, the
Not insured by the bank:Banks offer deposit account insurance but usually not insurance for safe deposit boxes. You may need to purchase separate insurance if the items in the box are highly valuable. Extra fees for lost keys.If you lose a key, you may have to pay an extra fee for repl...
Experts say that safe deposit boxes are a secure way to store your belongings, but they aren't immune to natural disasters, such as a massive flood. Unlike the deposits in your bank account, the contents of a safe deposit box are not insured by theFederal Deposit Insurance Corp., so carr...
Safe Deposit Box F A Qs Disclosure: Contents of safe deposit boxes are not FDIC-insured.
A big question that people have with safety deposit boxes is: Are my contents insured? When it comes to chase, at your contents inside the safety deposit box or not insured by the FDIC or Chase bank. They state: The contents of your safe deposit box are not protected against loss or da...
Is it safe to keep money in a safety deposit box? No laws exist that prevent you fromkeeping cash in a safe deposit box. However, while not illegal, bankers typically discourage customers from keeping cash in safe deposit boxes because funds inside the box are not insured. ...
Woo had seen a similar story thatwe aired back in 2012about a B of A customer whose box had been drilled. The bank initially refused to pay for shipping insurance on the full value of the property in that case. The woman had to sue to get her items shipped back fully ins...
Open Your Own Box Contact your local branch to find out specific box sizes, availability and pricing. Sizes range from 1" x 5" to 3' x 6', so you can select the size that's best for your items. Find Your Local Branch The Contents of Safe Deposit Boxes are not insured by the Fede...
Additional Safe Deposit Box Fees6 Lost Key: $25.00 Drilling: Up to $300.00 Late Payment: 10% of the annual fee Member FDIC. All fees are subject to change. Additional fees may apply. 1Fee is charged for each presentment or submission. You will be charged a NSF fee when we return, rej...