Join Early Retirement Today
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%
Voters: 252. You may not vote on this poll

Reply
 
Thread Tools Display Modes
Poll: Do you have a Bank Safety Deposit Box?
Old 12-11-2020, 04:38 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 2,996
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?
CRLLS is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-11-2020, 04:44 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
We have one for certain jewelry, birth certificates and misc other items.
Will there be a poll attached?
__________________
TGIM
Dtail is offline   Reply With Quote
Old 12-11-2020, 04:45 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 2,996
Dtail, Can you not see the poll? This is my first.
CRLLS is offline   Reply With Quote
Old 12-11-2020, 04:46 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
street's Avatar
 
Join Date: Nov 2016
Posts: 9,373
I got a safe at home and I do have one at the bank as well.
street is online now   Reply With Quote
Old 12-11-2020, 04:46 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
Quote:
Originally Posted by CRLLS View Post
Dtail, Can you not see the poll? This is my first.
I see it now. Probably just a little delay.
__________________
TGIM
Dtail is offline   Reply With Quote
Old 12-11-2020, 04:51 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 6,096
Yes. For duplicates of important papers, jewelry, additional level of data backup.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
jollystomper is offline   Reply With Quote
Old 12-11-2020, 04:54 PM   #7
Recycles dryer sheets
gettingthere's Avatar
 
Join Date: Jul 2006
Location: Massachusetts
Posts: 182
Yes. Important papers and data backup.
gettingthere is offline   Reply With Quote
Old 12-11-2020, 04:55 PM   #8
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
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.
MichaelB is offline   Reply With Quote
Old 12-11-2020, 04:56 PM   #9
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
No, closed it years ago. Have a safe at home.
__________________
*********Go Astros!*********
aja8888 is offline   Reply With Quote
Old 12-11-2020, 04:58 PM   #10
Full time employment: Posting here.
 
Join Date: May 2012
Posts: 843
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.
anethum is offline   Reply With Quote
Old 12-11-2020, 04:58 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
We have a fireproof safe for important papers and a few coins I keep. Nothing too exciting.
Dash man is offline   Reply With Quote
Old 12-11-2020, 05:17 PM   #12
Thinks s/he gets paid by the post
rk911's Avatar
 
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,697
savings bonds, birth certificates, etc. $30 p/y = no brainer.
__________________
Rich
Ham Radio, Sport Pilot, RVer
FIRE: 8/11/2005, age 55y,1d
Dispatcher, then shift supv, then administrator for a regional 9-1-1 call center
rk911 is online now   Reply With Quote
Old 12-11-2020, 05:38 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
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.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 12-11-2020, 05:49 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,635
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.
PatrickA5 is offline   Reply With Quote
Old 12-11-2020, 06:06 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 12-11-2020, 06:19 PM   #16
Thinks s/he gets paid by the post
 
Join Date: Aug 2017
Posts: 2,040
Quote:
Originally Posted by Sunset View 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.
A quick google said most home safes 30 minutes @ 1550 degrees but I am sure if I looked harder I'd find more articles.
badatmath is offline   Reply With Quote
Old 12-11-2020, 06:31 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 2,960
I have a box at a bank
razztazz is online now   Reply With Quote
Old 12-11-2020, 07:03 PM   #18
Recycles dryer sheets
 
Join Date: Aug 2020
Location: Houston
Posts: 108
We use a safe deposit box for important papers, data backup, and jewelry. Nothing important at home.
Green Papaya is offline   Reply With Quote
Old 12-11-2020, 07:21 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
calmloki is offline   Reply With Quote
Old 12-11-2020, 07:24 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2010
Posts: 5,830
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.
brett is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Safe is Your Safety Deposit Box? barbarus FIRE Related Public Policy 36 01-13-2009 09:05 PM
Safe or Safety Deposit Box? kz Other topics 12 07-13-2006 07:19 PM
Safety Deposit Box becca FIRE and Money 17 12-02-2005 11:11 AM
Safety Deposit Box: Requires an account? OldAgePensioner Other topics 16 10-19-2005 09:47 AM

» Quick Links

 
All times are GMT -6. The time now is 08:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.