This is a form signed by an individual who rents a safe deposit box granting permission for a another individual to have access to the same safe deposit box under certain circumstances.
Washington Permission For Deputy or Agent To Access Safe Deposit Box
State:
Multi-State
Control #:
US-PRM-32
Format:
Word;
Rich Text
Instant download
Description
How to fill out Permission For Deputy Or Agent To Access Safe Deposit Box?
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FAQ
You can appoint a deputy or agent who can have access to your box however, this appointment must occur in the presence of a bank employee. The reason being a deputy or agent role, much like a Power of Attorney, can be granted or revoked at any time, and this role is automatically terminated if you die.
After a period of time, the FDIC or the bank must transfer unclaimed property to the state. Federal law requires unclaimed deposit accounts to be transferred to the state after 18 months, and state laws differ on the period of time after which contents of safe deposit boxes must be transferred.
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.
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.
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.
Cash. You may wonder if it's OK to put cash in a safe deposit box. Experts warn there are several reasons you shouldn't stash cash in a safe deposit box: If you need the money in an emergency, but the bank is closed, you're out of luck.
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.
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.
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.
