View Poll Results: Do you have a Bank Safe Deposit Box?
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Yes. It is very important to me/us.
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87 |
34.52% |
Yes. Not sure why.
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25 |
9.92% |
No. I/we am thinking about getting one.
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15 |
5.95% |
No. I/we keep the valuables and important documents in other places.
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125 |
49.60% |
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Poll: Do you have a Bank Safety Deposit Box?
12-11-2020, 04:38 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 2,996
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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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12-11-2020, 04:44 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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We have one for certain jewelry, birth certificates and misc other items.
Will there be a poll attached?
__________________
TGIM
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12-11-2020, 04:45 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 2,996
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Dtail, Can you not see the poll? This is my first.
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12-11-2020, 04:46 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,373
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I got a safe at home and I do have one at the bank as well.
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12-11-2020, 04:46 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Quote:
Originally Posted by CRLLS
Dtail, Can you not see the poll? This is my first.
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I see it now. Probably just a little delay.
__________________
TGIM
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12-11-2020, 04:51 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,096
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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)
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12-11-2020, 04:54 PM
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#7
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Recycles dryer sheets
Join Date: Jul 2006
Location: Massachusetts
Posts: 182
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Yes. Important papers and data backup.
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12-11-2020, 04:55 PM
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#8
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
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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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12-11-2020, 04:56 PM
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#9
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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No, closed it years ago. Have a safe at home.
__________________
*********Go Astros!*********
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12-11-2020, 04:58 PM
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#10
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Full time employment: Posting here.
Join Date: May 2012
Posts: 843
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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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12-11-2020, 04:58 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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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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12-11-2020, 05:17 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,697
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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
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12-11-2020, 05:38 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
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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.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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12-11-2020, 05:49 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,635
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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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12-11-2020, 06:06 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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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.
__________________
Retired since summer 1999.
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12-11-2020, 06:19 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Posts: 2,040
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Quote:
Originally Posted by Sunset
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.
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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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12-11-2020, 06:31 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,960
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I have a box at a bank
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12-11-2020, 07:03 PM
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#18
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Recycles dryer sheets
Join Date: Aug 2020
Location: Houston
Posts: 108
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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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12-11-2020, 07:21 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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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.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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12-11-2020, 07:24 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2010
Posts: 5,830
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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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