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Every bank branch requires a signed signature card for each person (regardless of whether or not they have an account with the branch) who wants access to your safe deposit box. The people who attempt to access your box must sign their name before they enter the bank vault.
Banks aren't permitted to know the contents of these boxes, so you'll be able to open and sort through yours in private. You can't keep just anything inside a safe deposit box; most rental agreements forbid storing items such as firearms (sorry, Mr. Bourne), drugs and hazardous materials.
Private secure storage facilities generally offer top-notch security. That includes physical and electronic security to ensure that your items are safe. Also, many insure the contents of the safe deposit box, so if anything does happen, you will be covered.
Concerned About Theft by Bank Employees Its contents are guarded by the bank with a "triple-redundant" security system. First, the safe deposit box is in a secure area, in the bank vault. Bank customers are not allowed open access to this area. You must sign in with bank security staff to enter the vault.
What Items Should Not Be Stored in a Safe Deposit Box?Cash money. Most banks are very clear: cash should not be kept in a safe deposit box.Passports.An original will.Letters of Intent.Power of Attorney.Valuables, Jewelry or Collectibles.Spare House Keys.Illegal, Dangerous, or Liquid Items.More items...?
You'd think that an executor, spouse, family member of the deceased, or anyone with a key can walk into the bank and open a safe deposit box. But, that's not the way it works. In most states, safe deposit boxes are sealed and cannot be accessed when the original renter passes away.
How to Find Out If Someone Had a Safe Deposit BoxContact the Executor. Consult the executor of the individual's will, as he or she may have been informed before the death of the deceased as to the location of the safe deposit box.Search Financial Records.Ask the Attorney.Visit the Bank.
Come to the bank with your safe deposit box key. You will need to sign an admission slip to get access to the Safe Deposit area of the vault. A Safe Deposit Area attendant will take you to the vault. With the bank's Guard Key and your key, open your Safe Deposit Box slot.
A deputy is analogous to an attorney-in-fact. Both are appointed by the renter and either can be removed by the renter at any time. In both cases their power ends at the death of the renter. The deputy can be described as a "limited" power of attorney, the power is limited to a particular box at a specific institution.
Dual control: Two peopleusually a bank employee and the renterare required to open the box. In this way, no one person can ever open the box and remove the contents. Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card.