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View Poll Results: Do you have a Bank Safe Deposit Box?
Yes. It is very important to me/us. 87 34.52%
Yes. Not sure why. 25 9.92%
No. I/we am thinking about getting one. 15 5.95%
No. I/we keep the valuables and important documents in other places. 125 49.60%
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Poll: Do you have a Bank Safety Deposit Box?
Old 12-11-2020, 05:38 PM   #1
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Poll: Do you have a Bank Safety Deposit Box?

Some other recent discussions have me wondering how many of us have a Safety Deposit Box at a local bank.

Personally, we do not have one. We keep all important papers such as birth certs, vehicle titles, mortgage papers etc. in a fire-proof safe. Our major concern is the protection of then in case of fire. If we have valuables such as jewelry, it has little value if kept somewhere where it is out of reach.

For those who do, why do you? What specifically is important to you?
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Old 12-11-2020, 05:44 PM   #2
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We have one for certain jewelry, birth certificates and misc other items.
Will there be a poll attached?
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Old 12-11-2020, 05:45 PM   #3
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Dtail, Can you not see the poll? This is my first.
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Old 12-11-2020, 05:46 PM   #4
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I got a safe at home and I do have one at the bank as well.
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Old 12-11-2020, 05:46 PM   #5
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Dtail, Can you not see the poll? This is my first.
I see it now. Probably just a little delay.
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Old 12-11-2020, 05:51 PM   #6
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Yes. For duplicates of important papers, jewelry, additional level of data backup.
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Old 12-11-2020, 05:54 PM   #7
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Yes. Important papers and data backup.
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Old 12-11-2020, 05:55 PM   #8
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We’ve had a safe deposit box for years. We use it to store a few valuables and some personal items of important sentimental value. All our documents are stored at home.
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Old 12-11-2020, 05:56 PM   #9
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No, closed it years ago. Have a safe at home.
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Old 12-11-2020, 05:58 PM   #10
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When I had a will and advanced directive drawn up, my attorney suggested that I store the documents in a fireproof case at home rather than a safe deposit box, because of the difficulties often faced when the executor or person entrusted with POA & Medical POA wants to access the safe deposit box. So that's what I did. I don't have any valuables like jewelry that I need to store. My parents had a safe deposit box at their bank but they put my name on their account so I could access it. When the bank branch was closing, I retrieved their documents (my dad died a few years ago and my mom now has dementia) and put the documents in a second fireproof case I purchased.
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Old 12-11-2020, 05:58 PM   #11
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We have a fireproof safe for important papers and a few coins I keep. Nothing too exciting.
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Old 12-11-2020, 06:17 PM   #12
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savings bonds, birth certificates, etc. $30 p/y = no brainer.
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Old 12-11-2020, 06:38 PM   #13
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I'd hope someone who had a fireproof safe and had their house burn down will post.

My feeling, and the little news I got from CA fires was that fireproof safes just burn/char everything inside as they are only good for 1 hour at relatively low temps.

I am eligible for a free safety deposit box, but will admit, being too lazy to go claim and use it. Pretty stupid of me really.
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Old 12-11-2020, 06:49 PM   #14
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We have one. Important papers and I think a thumb drive of pictures or something. It's free for us old people, so I keep it. I also have a fire proof safe at home.
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Old 12-11-2020, 07:06 PM   #15
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We store a lot of backup drives in ours.

We have two large safe deposit boxes. One is for storing docs and drives when we travel for longer periods.
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Old 12-11-2020, 07:19 PM   #16
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My feeling, and the little news I got from CA fires was that fireproof safes just burn/char everything inside as they are only good for 1 hour at relatively low temps.
A quick google said most home safes 30 minutes @ 1550 degrees but I am sure if I looked harder I'd find more articles.
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Old 12-11-2020, 07:31 PM   #17
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I have a box at a bank
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Old 12-11-2020, 08:03 PM   #18
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We use a safe deposit box for important papers, data backup, and jewelry. Nothing important at home.
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Old 12-11-2020, 08:21 PM   #19
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Have a freebie box at Chase up north. It holds deeds and info for my sister, who has an access signature on file there. Figure the bank vault is more fire resistant than our house. Should Gal and I both be hit by a meteor Sis can get in the box and access the list of bank accounts & assets. Also have a pound of Philharmonics in there.
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Old 12-11-2020, 08:24 PM   #20
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We have one. Since retiring and pre covid, we typically travelled for four-five months per year for durations of two months. We take our jewelry, our backup disk, etc to the box each time we go. Just in case. Plus any paperwook that we deem to be important at the time. We had a larger box when we were away for seven months and our possessions were stored in container storage warehouse.

This is the ONLY reason we go to the bank branch.
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