Security of safety deposit boxes in banks

tradetime

PasturesNew wrote: »

Probably because they don't want everybody to have one.

While they might say there's no demand, let people know about them and that will create demand... which then creates a problem for the bank as they'd need to have/pay for space for them all.

Bit like this you mean?
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6930514.ece

G_M

Better gold though than notes. Boxes tend to be kept in the basement. When the bank gets flooded, your notes get VERY soggy.....!

Reaper

G_M wrote: »

Better gold though than notes. Boxes tend to be kept in the basement. When the bank gets flooded, your notes get VERY soggy.....!

Like this story. Hard to have much sympathy for him though as he was trying to avoid supporting the kids when his marriage ran into trouble.
http://news.bbc.co.uk/1/hi/world/south_asia/7334033.stm

Digitaria

Thanks Reaper, but what sort of dealer would move quantities of gold and silver, to Israel or Egypt and where could I store it?

Reaper

I was thinking of a gold dealer to sell it to. If you want to move it you'll need a shipping company with suitable insurance. I imaging they would also be able to help advise you about any import/export rules on gold too.

urso

Just been to NatWest to collect items from deposit box. They were not there!! Bank looking into it. NatWest no longer taking deposit box items.

C_Mababejive

Just buy one of these...bolt it to the floor somewhere discrete or secreted in your home.

http://www.thesafeshop.co.uk/

alanq

eeja wrote: »

Chose and place your box in Oxford St and the fees are much higher then in say Tottenham.
By the way if you have not accessed your box for many years the bank can open the box in the presence of a solicitor and presumably sell off the contents to meet any fees.

Metrobank (sole branch at present in Holborn) lists charges on its website.
https://www.metrobankonline.co.uk/Global/Important%20Summaries/IIS%20Safe%20Deposit%20Box.pdf

DiggerUK

A worthwhile bump, contains a lot of good advice for anybody wanting a smooth, instead of a lumpy mattress.
Can recommend HSBC and Lloyds, you provide box and insurance.