![]() When you rent a safe deposit box, the bank gives you a personal key, and in some cases, two keys. Safe deposit boxes and the vaults where they are stored are designed to withstand natural disasters such as fires, floods, hurricanes, and tornadoes, and are a protected location used to safeguard valuables, important documents, and sentimental keepsakes. Boxes can be as small as 3 inches by 5 inches to as large as 10 inches by 15 inches. The safe deposit box is a long, narrow metal box with two keyholes, and the only way to unlock it is by using both keys at once. JanuBanking 101: What is a Safe Deposit Box? Banking 101 ShareĪ safe deposit box (or safety deposit box) is an individual secure container, usually a metal box, that is stored in a locked room such as the safe or vault of a federally insured bank or credit union. Investment Policy for Institutional Investors. ![]() Non-Profit Programs & Services arrow_drop_down. ![]() ![]()
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