As banking goes corporate and mobile, the big banks are less and less willing to set aside floor space for safe deposit vaults, leading to a shortage in many cities.
There was a time when these things were very common among people who owned valuable loot, but nowadays, you're more likely to keep your jewels and shit at home and send your money to ADT than to spring for a metal box that's only accessible during banking hours.
Have you ever had one of these? What did you store in it? Are they hard to get in 2023?
|by Anonymous||reply 49||January 31, 2023 9:33 PM|
I work for a bank and we never put them in our new locations. They are a fucking pain in the ass not to mention the expense. Good riddance!
|by Anonymous||reply 1||January 30, 2023 1:29 AM|
|by Anonymous||reply 2||January 30, 2023 1:30 AM|
R2 And those are so easy for a burglar to just pick up and carry out. They even come with their own handle!
|by Anonymous||reply 3||January 30, 2023 1:35 AM|
I loved safety deposit boxes, going with my parents as a kid to one of those small town Depression era banks to put things in the box. A bank officer would lead you being past the big vault and into the box room with its leather topped tables where the box would be placed and then the officer would leave you alone to open the contents.
In college and as a young adult I kept one, a useful thing for passports and legal documents and some important trinkets from being lost in many moves. At some point when I was more settled it became difficult to find one and so I just stuck everything in a home safe, much bigger than the safety deposit box and much more convenient, if less secure.
|by Anonymous||reply 4||January 30, 2023 1:55 AM|
I always wanted one. Not that I own anything super valuable but I love the idea of knowing where something is no matter what.
I know this is going to be make me sound old, but I miss when people got dressed up to go to church, to fly, or go to the bank. The banks I remember going to as a kid were so fancy looking, with crystal chandeliers and art deco designs. Now people wear ratty pajamas on planes and going to the bank is like going to the DMV
|by Anonymous||reply 5||January 30, 2023 2:38 AM|
Uh, just a few things I picked up back at Buckingham Palace. They were just left lying around.
|by Anonymous||reply 6||January 30, 2023 2:50 AM|
I don't have one of my own, but have access to my mother's. I just transferred the deed to my house, my car title, and a copy of my birth certificate to it since I wanted all those things in a safe location other than my home.
|by Anonymous||reply 7||January 30, 2023 3:09 AM|
A Sicilian Safe Deposit Box
|by Anonymous||reply 8||January 30, 2023 3:13 AM|
I have a hidden safe in my concrete kitchen floor, It came with the house, I think the previous owners were doing something very questionable?
Luckily it was easy to change the combination. And key.
|by Anonymous||reply 9||January 30, 2023 3:25 AM|
[quote]I work for a bank and we never put them in our new locations. They are a fucking pain in the ass not to mention the expense. Good riddance!
r1, I bet your bank had a lot of lonely old people with time on their hands that would come in and ask to see their safe deposit box every week. I can see where that would add up to a waste of time.
I had a safe deposit box when I was in my 20s. I stored my passport, extra checks, and about $1000 in cash in there.
|by Anonymous||reply 10||January 30, 2023 3:27 AM|
r9 I would trip over that thing so much.
|by Anonymous||reply 11||January 30, 2023 3:28 AM|
[quote] you're more likely to keep your jewels and shit at home
No, OP, that second item is kept in the toilet.
|by Anonymous||reply 12||January 30, 2023 3:33 AM|
the handle locks and unlocks it but is removed and kept elsewhere. R9
|by Anonymous||reply 13||January 30, 2023 3:33 AM|
They're a pain to unload! I foolishly got one at a credit union. Years passed, I never used it, and then I lost the damn key. I moved across the country, forgetting to “cancel” it. When I called the credit union, they said I had to cancel it in person. They didn't care that I lived in another state. A year passed, and I happened to travel back for a funeral. I thought, now’s my chance to unload the box! The credit union was creepily empty of customers, yet I had to wait a long time to be served. “Where’s the key?” “I lost it.” “Uh-oh! You need to come back when the driller’s here.” “When’s he here?” “Once a month, so come back in two weeks. But call first.” “I live across the country.” “Uh-oh!” “Can you just close it?” “Nope, it needs to be drilled with you present. Just come back when you're in the state again.” “I’ll never be back; my last connection here is dead.” “You might come back.” “I'm not flying back to close a safe deposit box.” “Call us ahead of time when you're coming back. You'll need to make sure it's when the driller’s here.” “I'm never coming back!” “Remember to call ahead.”
|by Anonymous||reply 14||January 30, 2023 4:03 AM|
My mom always had a safe deposit box with her jewelry and important papers.
Now that she’s died, we still have the safe deposit box but none of the kids want to deal with her jewelry—we can’t even sell it because much of it was handed down over the last three generations to my mom. So in the safe deposit box it stays.
|by Anonymous||reply 15||January 30, 2023 4:14 AM|
R15 She surely didn't collect all that loot just for you fools to leave it in a box forever! Wear it, sell it, or give it to loved ones!
|by Anonymous||reply 16||January 30, 2023 4:18 AM|
We have a safe at home but keep our jewelry (inherited and just don't want to break it all up), originals of important documents and the letters we have set up to be released if we die in suspicious circumstances.
|by Anonymous||reply 17||January 30, 2023 4:19 AM|
r16 Its actually quite difficult to know what to do with that shit. I inherited my mums house and contents when she died including jewellery. I'd feel bad selling the jewels since its about 200 years worth of accumulated family history, none of my nieces would wear any of this stuff because its long gone out of style so there's no point giving it to them because I know they'd just sell it and piss away the money and like I said that'd piss me off because of the family history thing.
|by Anonymous||reply 18||January 30, 2023 4:46 AM|
I have one. Has the deed to our house and a Diamond and white gold ring given to me by my father…it was his father’s. I’d never wear it and I have to keep it in the family so that’s where I have it. Although…this thread is making me think a home safe makes more sense.
|by Anonymous||reply 19||January 30, 2023 5:06 AM|
[quote]Now that she’s died, we still have the safe deposit box but none of the kids want to deal with her jewelry—we can’t even sell it because much of it was handed down over the last three generations to my mom.
Trust me, you can sell it. And should do.
"The last three generations of jewelry handed down to" your mother? Sell it, for fuck's sake. Are these pieces worn by the Princess Sissi on occasions of state? No? Then sell it. If anyone wants any part, they can buy that part with their share if the proceeds from the sale of the rest -- or not.
You silly queens holding onto Mother's inherited jewels are ridiculous. Do you have another security box for your grandmother's girdles because you can't bear to break up the collection, what with some of them being inherited...
|by Anonymous||reply 20||January 30, 2023 7:43 AM|
R5 Marry me!
|by Anonymous||reply 21||January 30, 2023 7:47 AM|
Take the jewelry to a good jewelry artist, let them take out the diamonds, melt the gold and make you something new. You could barter the stones and metal for something they've already created, why not?
As far as I've read it is actually illegal to store cash in a safe deposit box. Drug dealers do that.
|by Anonymous||reply 22||January 30, 2023 7:50 AM|
I still use the bank's safe deposit box for my papers and heirloom jewelry. No interest in having a safe in the house.
|by Anonymous||reply 23||January 30, 2023 7:51 AM|
I keep my Opening Night Playbill of FOLLIES in one.
|by Anonymous||reply 24||January 30, 2023 9:10 AM|
[quote] we can’t even sell it because much of it was handed down over the last three generations to my mom.
What does that matter? Sentimental reasons?
|by Anonymous||reply 25||January 30, 2023 9:16 AM|
My mother has one. She’s had it for decades and still visits it.
|by Anonymous||reply 26||January 30, 2023 9:17 AM|
Read this to learn what you SHOULD NOT keep in your safe deposit box .. and why:
|by Anonymous||reply 27||January 30, 2023 4:06 PM|
Former probate lawyer here. They are a pain in the ass to gain access to when someone dies.
|by Anonymous||reply 28||January 30, 2023 4:11 PM|
Obviously crime is real and homes and apartments are burglarized, but for most safety deposit box people, do you think they REALLY thought that was going to happen? There seems to have been a cultural (this is what we do because it's what it done) as well as practical reason behind them.
|by Anonymous||reply 29||January 31, 2023 2:37 AM|
R29, learn English.
|by Anonymous||reply 30||January 31, 2023 5:50 AM|
[quote] . Do you have another security box for your grandmother's girdles because you can't bear to break up the collection, what with some of them being inherited...
Crap! now I have to get a safe deposit box!
|by Anonymous||reply 31||January 31, 2023 1:55 PM|
R3 happened to me. Thought I’d hidden it well enough…nope!
|by Anonymous||reply 32||January 31, 2023 2:47 PM|
A bank here in Queens had its safety deposit boxes broken into a couple years ago -- the burglers went in through the roof.
|by Anonymous||reply 33||January 31, 2023 3:08 PM|
I keep valuables in a safe in my storage unit - the security at the storage place is more than adequate.
|by Anonymous||reply 34||January 31, 2023 3:18 PM|
for all those with jewelry that will never be worn, why not sell it to someone who will not only appreciate it but will wear it. There are so many jewelry collector's out there. Ridiculous to leave it in a safety deposit box because what happens when you die? It gets sold or melted down anyway. At least sell to someone who appreciates it.
|by Anonymous||reply 35||January 31, 2023 3:19 PM|
[quote]There are so many jewelry collector's out there.
|by Anonymous||reply 36||January 31, 2023 3:35 PM|
r36 correct. not sure why I put that in there.
|by Anonymous||reply 37||January 31, 2023 3:46 PM|
Like Millenials and younger have valuables. It’s all about the “experience”! 😂
|by Anonymous||reply 38||January 31, 2023 3:47 PM|
I keep a safe deposit box for some physical items: my coin collection, some silver, some gold, some of my dad's and grandfathers' watches, things like that. Then my mom and I have one with some bonds, copies of all the legal and titular documents, as well as some love letters my dad wrote to her back in olden times. Granted, I'm 50, but it seems strange to have no need of a safe deposit box.
|by Anonymous||reply 39||January 31, 2023 3:50 PM|
R37, as cute as you are, you shouldn’t worry about it.
You too sexy!
|by Anonymous||reply 40||January 31, 2023 3:51 PM|
R39, are you remotely aware of how wealthy you are? Most of us aren't squirreling away piles of silver, gold and "titular documents."
Unreal how out of touch people are here.
|by Anonymous||reply 41||January 31, 2023 4:34 PM|
Bah! What he calls titular documents are really just the Mother’s Day cards his mom saved over the years.
|by Anonymous||reply 42||January 31, 2023 4:37 PM|
[quote]Granted, I'm 50, but it seems strange to have no need of a safe deposit box.
It seems a confluence of factors are behind the wane in safe deposit boxes: the steady decline in use of bank branches AND automated teller machines by business and personal customers; the decline in numbers of branch banks; the habit of storing financial records at home and online; the ease of obtaining lost financial and legal records; and the increased awareness that a paper deed lost does not mean that one's ownership of a property is lost.
The sense of the physicality of records -- that to hold a deed is to hold ownership in one's hand-- has evaporated the way Kindle's have replaced home libraries. Likewise people are more attuned to the idea that a lost document can be easily printed anew and obtained, usually through an online request. Paper stock certificates are not quite obsolete yet, but they are, with rare exception, unnecessary. It's the prevailing idea that once drove interest in safety deposit boxes -- and now doesn't.
|by Anonymous||reply 43||January 31, 2023 4:59 PM|
R43 [quote] The sense of the physicality of records
Exactly. The records my parents saved were for such minor things, but there was no 'cloud' for backup so people were in the habit of saving everything. Even so, when we found grocery receipts from 1973 it seemed a bit on the obsessive side.
My valuables are the passwords to my bank accounts and deed to my house which I keep in my underwear drawer.
|by Anonymous||reply 44||January 31, 2023 5:33 PM|
[I loved safety deposit boxes, going with my parents as a kid to one of those small town Depression era banks to put things in the box]
R4 - I was wondering how long it would take someone to mangle the perfectly correct term “Safe Deposit Box” into the malapropism “Safety Deposit Box”.
|by Anonymous||reply 45||January 31, 2023 5:51 PM|
Feel better r45?
|by Anonymous||reply 46||January 31, 2023 6:40 PM|
[quote]My valuables are the passwords to my bank accounts and deed to my house which I keep in my underwear drawer.
Then they’re as safe as can be.
Don’t nobody gonna go in there!
|by Anonymous||reply 47||January 31, 2023 6:54 PM|
I've had mine since 1976.
|by Anonymous||reply 48||January 31, 2023 7:29 PM|
When people get home safes nowadays, they are usually welded to the floor (so it's nearly impossible to just pick them up and take them) and, of course, hidden away.
|by Anonymous||reply 49||January 31, 2023 9:33 PM|