Safety deposit boxes offer enhanced security for valuables but aren't accessible outside bank hours. Items in safe deposit boxes are not FDIC insured; separate insurance is needed for coverage. Legal ...
While movies and television shows have often glamorized the incredible security of safe deposit boxes and/or vaults in banks, the truth could be a little less concrete (or, rather, less reinforced ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Betsy began her career in international finance and it has since grown into a comprehensive ...
“Whatever the condition of the safe deposit boxes, the bank is not liable for the contents,” stated a Citibank representative following the recent fire at a Citibank branch in Manhattan that burned ...