Results for tag: "Safe Deposit Box"

A safe deposit box, also known as a safety deposit box, is a secure storage container typically located in a bank or other financial institution. It is used to store valuable items such as jewelry, documents, and other items that require secure storage. The contents of a safe deposit box are typically not insured by the bank or financial institution, so it is important for customers to purchase their own insurance for the items stored in the box. Safe deposit boxes are typically rented on an annual basis and are accessible only with a key or combination. Access to the box is usually restricted to the customer and the bank or financial institution. The customer is typically required to sign a contract with the bank or financial institution that outlines the terms of the rental agreement. Safe deposit boxes are a popular option for customers who want to store valuable items securely. They provide a secure storage option that is not accessible to anyone other than the customer and the bank or financial institution. Some companies in the safe deposit box market include Bank of America, Wells Fargo, JPMorgan Chase, Citibank, and U.S. Bank. Show Less Read more