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    How much are safe deposit boxes at bank of america

    how much are safe deposit boxes at bank of america

    free safe deposit boxes; dog-friendly. Opening an account online is easy and takes just about 10 minutes. Here's what you'll need. It often depends on how many coins you have. Imagine you have a stack of 1-ounce American Eagle Coins standing as tall as a sleeve of Ritz. And many a heist movie hinges on these bank features. They're safe deposit boxes: miniature vaults you can rent to store jewelry.

    How much are safe deposit boxes at bank of america -

    Safe Deposit Box Cost: 18 Banks Listed (Including Sizes If Applicable)

    A safe deposit box — sometimes referred to as a safety deposit box — is a small, locked metal container stored in a vault within a bank.

    These boxes involve two sets of keys: one that remains with the bank and one that goes to the box owner. Both keys are required to open the box, providing an additional layer of security.

    Most banks — even small, local ones — have an area set aside for at least a small number of safe deposit boxes. You pay an annual fee for the safe deposit box and either become the sole owner or authorize specific people to access the box.

    In some cases, you can rent an entire vault annually, though this option comes with a higher price tag.

    Safe Deposit Box Sizes and Costs

    The smallest safe deposit box available will usually be around two to three inches deep in most banks, five inches wide, and 12 to 24 inches long. A box of this size will be relatively inexpensive — around $20 to $40 per year.

    The largest box is usually around 10 to 15 inches deep, 10 to 15 inches wide, and 21 to 24 inches long. It’ll cost you around $60 to $115 per year.[1][2][3][4]

    Most banks will offer a variety of options between these sizes as well, with varying costs.

    Note that neither the bank nor the federal government automatically provides insurance for safe deposit boxes. Many banks will give you the option to purchase insurance, but this will require an additional fee.

    For more information about safe deposit boxes, see our complete list of banks with safe deposit boxes.

    Safe Deposit Box Costs at Major Banks

    Safe deposit box prices can vary from branch to branch of the same bank, as can available sizes.

    We gathered the price estimates below by viewing safe deposit box documentation on each bank’s website and contacting branch locations.

    Our list includes a phone number for each bank, which you can call to find specific price information for safe deposit boxes in your area.

    Bank of America logo

    Bank of America

    • Sizes available: Vary by location[5]
    • Annual rate: Around $125 for a five- by five-inch box[6]
    • Extra insurance offered? Yes[6]
    • Contact: (800) 432-1000
    • Find a branch

    BB&T Bank

    • Sizes available: Three- by five-inch and five-by five-inch boxes[7]
    • Annual rate: Around $25 for a three- by five-inch box; around $40 for a five- by five-inch box[7]
    • Extra insurance offered? Yes[7]
    • Contact: (800) 226-5228
    • Find a branch

    BMO Harris Bank

    • Sizes available: Vary by location[8]
    • Annual rate: Around $40 to $110, depending on size; Premier Service clients receive a free three- by five-inch safe deposit box[9][10]
    • Extra insurance offered? Yes[9]
    • Contact: (888) 340-2265
    • Find a branch

    Chase Bank

    • Sizes available: Range from three by five inches to ten by ten inches[11]
    • Annual rate: Around $50 to $200, depending on size; Premier Plus Checking account holders receive a free three- by five-inch box or 20% off larger sizes[11][12]
    • Extra insurance offered? Yes[11]
    • Contact: (800) 935-9935
    • Find a branch


    • Sizes available: Vary by location[13]
    • Annual rate: Starting at about $65 for a three- by five-inch box; up to $125 in yearly fees waived for Citigold and Citi Priority members[14][15]
    • Extra insurance offered? Yes[14]
    • Contact: (888) 374-9700
    • Find a branch

    Citizens Bank

    • Sizes available: Vary by location[16]
    • Annual rate: Typically between $25 and $80; 15% discount available for Platinum and Platinum Plus Checking customers; 50% discount available for Premier, Premier Plus, and Private Checking customers[17][16]
    • Extra insurance offered? Yes[17]
    • Contact: (800) 922-9999
    • Find a branch

    Fifth Third Bank

    • Sizes available: Vary by location; usually three- by five-inch and up[18]
    • Annual rate: Around $50 to $110; waived or discounted for Preferred customers, depending on the size[18][19]
    • Extra insurance offered? Yes[18]
    • Contact: (800) 972-3030
    • Find a branch

    HSBC Bank

    • Sizes available: Vary by location[20]
    • Annual rate: Around $65 to $140, depending on size[21]
    • Extra insurance offered? Yes[21]
    • Contact: (800) 975-4722
    • Find a branch

    Key Bank logo


    • Sizes available: Varies by location; anywhere from one- by five-inch to three- by six-foot[22]
    • Annual rate: Around $55 to $275, depending on size[23]
    • Extra insurance offered? Yes[23]
    • Contact: (800) 539-2968
    • Find a branch

    M and T Bank logo

    M&T Bank

    • Sizes available: Five- by three-inch, three- by 10-inch, or five-by 10-inch[24]
    • Annual rate: Around $50 to $150; select checking account holders receive a $50 or 50% discount[25][24]
    • Extra insurance offered? Yes[24]
    • Contact: (800) 724-2440
    • Find a branch

    PNC Bank

    • Sizes available: Varies by location; starting at three by five inches[26]
    • Annual rate: Around $35 to $100, depending on size[26]
    • Extra insurance offered? Yes[26]
    • Contact: (888) 762-2265
    • Find a branch

    Regions Bank

    • Sizes available: Varies by location[27]
    • Annual rate: Around $50 to $250, depending on size; discounts 30% to 50% available for checking and savings account holders[27][28]
    • Extra insurance offered? Yes[28]
    • Contact: (800) 734-4667
    • Find a branch

    Santander logo

    Santander Bank

    • Sizes available: Vary by location[29]
    • Annual rate: Around $30 to $120, depending on size; select checking account holders may be eligible for a free safe deposit box of the smallest size or a 50% discount on a larger box[29]
    • Extra insurance offered? Yes[29]
    • Contact: (877) 768-2265
    • Find a branch

    SunTrust Bank

    • Sizes available: Varies by location[30]
    • Annual rate: Around $45 to $100, depending on size; discounts of up to $45 available for select account holders[30][31][32][33]
    • Extra insurance offered? Yes[30]
    • Contact: (800) 786-8787
    • Find a branch

    TD Bank logo

    TD Bank

    • Sizes available: Varies by branch[34]
    • Annual rate: Around $70 to $125[35]
    • Extra insurance offered? Yes[35]
    • Contact: (888) 751-9000
    • Find a branch

    United Bank

    • Sizes available: Vary by location[36]
    • Annual rate: Around $40 to $150, depending on size; select account holders will receive a free three- by five-inch box or a discounted rate on a larger box[37][38][36]
    • Extra insurance available? Yes[36]
    • Contact: (800) 327-9862
    • Find a branch

    US Bank logo

    U.S. Bank

    • Sizes available: Five by five inches or five by 10 inches[39]
    • Annual rate: Around $110 to $130;[39] Platinum account holders, seniors (65+), and military service members get 50% off the cost of a safe deposit box[40]
    • Extra insurance offered? Yes[39]
    • Contact: (800) 872-2657
    • Find a branch

    Wells Fargo

    • Sizes available: Varies by location[41]
    • Annual rate: Around $20 to $170, depending on size[42]
    • Extra insurance offered? No; Wells Fargo recommends checking with your existing insurance carrier to see if you’ll require additional insurance for the box[41]
    • Contact: (800) 869-3557
    • Find a branch

    Items You Should (And Shouldn’t) Put in A Safe Deposit Box

    When you rent a safe deposit box, the bank will usually provide you with a list of items you can and can’t store in the box.

    Generally, items that should go into a safe deposit box are items you don’t need to access on short notice and don’t access frequently but are vital to your estate or yourself. These include things like birth certificates, adoption papers, car titles, property deeds, or a copy of your will.[43]

    Documents aren’t the only thing you can store in a safe deposit box; small, precious items like jewelry and family keepsakes are also suitable for storage.

    Items you shouldn’t put in your safe deposit box include cash (because safe deposit boxes don’t include FDIC insurance); things that you need to have on hand or access quickly, such as medical directives and original copies of power of attorney documents; or illegal/prohibited goods.[43][44]

    If you do decide to rent a safe deposit box, make a list and take pictures of every item you put inside. Keep it along with any available proof of ownership for valuables.[41]

    Though safe deposit boxes are generally secure, natural disasters like flooding and earthquakes can’t be predicted, and you should have a record of your box’s contents just in case.


    How Much Do Safe Deposit Boxes Cost - Money Safe Box

    Safety Deposit Boxes Give You Peace and Security

    The bank accepts deposits and give loans separately, providing a variety of services. They also provide a money transfer, bill payment traveler's checks, bank checks issued, and the bill of exchange, will accept, and many more. Banks also are not only not just to ensure your cash, they can be through a safety deposit box, to protect the personal possession of documents, and other jewelry. In fact, there is a post office in particular, there are other agencies to provide a safety deposit box.

    Safety deposit box is a box or container that is stored safely on the inside of the bolt. Other institutions and banks in possession of you might have a liability limited relative to other criminal theft can occur while in the interior of the safe deposit box, safety is a lot of people still I decided to keep the valuable property in the box. This is, banks and other institutions have been implemented compared to the safety and security can be provided in your own place, because of the advanced security measures, is relatively.

    You can put anything on the inside of the safe deposit box. This title certificate certificate currency other gem, jewelry, metal, which is very valuable to your precious valuable, deposits and securities, property, and your birth certificate, will, like other You can be the set of important documents. Data storage of any computer, you can protect the inside of a hard drive or safety deposit box.

    Safe deposit box, there are various price and size. For you are you, in combination with another key result is that access to the box to dual control, access key will be granted and must be paid the rent in order to use one. Your signature before you have the necessary permissions to open this box, and are sometimes also required pass code. Banks and financial institutions in some of the other, have been implemented security measures and biometrics electronic code path. The main factor here is, the control will always need a partner. Access to the box all by yourself without support from banks and institutions have been rented to you is not allowed.

    In some cases, such as other facilities the hotel rooms, cruise ships, resorts, of the same nature, become to be known only by the user only, must be a single control, provides a safety deposit box The. Has to stay in their facility just for you, while your own is at risk only, and this is temporary


    Safe Deposit Boxes

    Safe deposit boxes aren't that expensive. They are definitely worth the peace of mind our clients receive. Boxes are available at all three Peoples Bank of the South offices. Yearly rental rates start at $20.00 and the largest box is $65.00 a year. Do you have valuables or important papers that need to be in a safe place? Call or visit one of our convenient locations to reserve your safe deposit box today.

    Jacksboro OfficeMain LaFollette Office

    2300 Jacksboro Hwy


    106 West Central Ave.


    Norris-Clinton Office

    2152 Charles G. Seivers Blvd.


    NOTE: The client must have an account with Peoples Bank of the South to rent a safe deposit box.

    A safe deposit box can do more than protect your valuables. It can also cut your insurance bill. If you own valuables such as jewelry or coins, having them around the house can drive up the cost of your homeowner's insurance. That's because you must pay for the floaters or riders that specially cover personal property in case of theft or damage. Without floaters, standard policies limit coverage to $1,000 to $2,000 per item. Keeping valuables in a safe deposit box eliminates the need for the floater policy.

    "It is important to keep a list of contents of the safe-deposit box," says John Hall, spokesman for the American Bankers Association. Alternatively, he suggests taking a photo of what you keep in the box. Another piece of advice, "don't keep something in the box you may need over the weekend."


    When bank branches close over coronavirus fears, customers may find safe-deposit boxes suddenly off-limits

    When several banks closed some of their Arizona branches out of social-distancing concerns this month, most customers did little more than shrug.

    After all, in-branch visits, for most people, aren't the preferred way to interact with banks and haven't been for many years. Conducting banking over the internet and using mobile apps is much more popular.

    Besides, few banks shut down their entire networks but rather, only a portion of their offices. That meant customers still could drop by another nearby branch in the network if necessary.

    But for those people with safe-deposit boxes held at a specific bank location, the closures come as yet one more coronavirus-related inconvenience.

    Snowbirds affected

    Ray McCarty, an 80-year-old snowbird, said he found that out the hard way when Chase closed his branch in Bullhead City on March 19.

    McCarty, a veteran and retired Los Angeles motorcycle police officer, said the Bullhead City branch at 1465 Palma Way was popular because it offered safe-deposit boxes and a full range of banking services.

    "Many RVers from out of state and Canada choose this one branch of Chase each year because it is the only full-service branch in a wide radius offering safety-deposit boxes and large open parking for motor homes," McCarty said in an email. "I personally have been with Chase more than 25 years."

    Along with Chase, which temporarily closed about 1,000 branches nationally — one-fifth of its branch network — competitors including Wells Fargo, BBVA USA and Johnson Financial Group also have shut down some of their Arizona offices out of precautions not to spread the coronavirus. 

    Chase reopened the Bullhead City branch late in the morning of March 24, but various other offices are still closed.

    Key documents off-limits

    McCarty said it has became worrisome because he and many of his friends and neighbors in the area keep important documents in their safe-deposit boxes, including health records and estate-planning directives, vehicle or home titles, passports and valuables.

    McCarty said the closure came without warning,and he said the company didn't do a good job of keeping customers informed. Maura Cordova, a Chase spokeswoman in Phoenix, said the company is "actively working on a solution to safely and securely give our customers access to safe-deposit boxes located in temporarily closed branches."

    AIRBNB WOES:  Widespread cancellations devastate Arizona hosts amid pandemic

    McCarty worries that others might need to return to their home states or countries without having access to their safe-deposit boxes, at branches that remain shuttered.

    For people with safe-deposit boxes who never thought twice about having access to the contents, the lesson in this new age of social distancing seems clear enough: Make sure you know what's in your box, and if there's any possibility of needing those items over the next few weeks, take them out now. 

    Reach the reporter at [email protected] or 602-444-8616.



    Apparently No Bank Of America Safe Deposit Box Customers Have Ever Died Before

    I’ve run into a very frustrating situation with Bank of America. My mother passed away in October last year, and she had added me as a signatory on her checking and savings account the day of a heart procedure…a day before she passed. She did not add me as a signatory on her safe deposit box, likely because she didn’t realize it was a separate form to fill out or because she forgot all about it. It was the day of a heart procedure, one that she was worried about, so she was distracted.

    I am the sole heir to her estate, and listed as the executor of her will and sole heir. I’ve worked with a lawyer who helped file an Affidavit of Heirship with the court, so I’m covered there. When I visited the branch that contains the safe deposit box that my mother had been using, they assured me that when I came back with the death certificate and Affidavit of Heirship I’d be able to access the box. I do have physical possession of the key.

    Once I had that documentation, I went to the branch and they told me that they’d take copies of it and run it by legal. A few days went by, and they called to let me know it’s not enough documentation, and that I’d need to get something issued from the court…not just an acknowledgement that the Affidavit of Heirship was received. I contacted my lawyer, who said there’d be nothing more coming from the court. I called Bank of America back, and told them that.

    It was another week or so wait for the request to go through legal, and then come back to me. They gave me a few forms they’d find acceptable, and I contacted my lawyer who stated that all those forms would require going through a full probate process that would cost upwards of $1000. My mom was a social worker her whole life, the estate isn’t a large estate…and spending another $1000 plus dollars over the money already spent for the Affidavit of Heirship isn’t something I’d like to do if I can avoid it.

    I called Bank of America back, and requested that their legal department contact my lawyer hoping to short circuit some of the potential miscommunication going back and forth. I got a call from their Escalation department saying that it wasn’t their policy to give direct access to any of their lawyers, but the representative listened to my story and I felt was pretty empathetic to me. A week or so went by, and I got a call saying that I’d have an answer in another few days. That day arrived, and I was told about the same four documents that were communicated to me over a month before. I responded that it was going to be costly to get that documentation and that I would like to be able to at least inventory the contents of the box before deciding whether that was worthwhile (something I have requested before). I also requested that they contact my lawyer directly…again.

    At this point I’m back at square one. Waiting for a response from Bank of America so that I can at the very least look inside the safe deposit box. Under the laws of the state of Texas, to the best of my understanding based on what my lawyer has said, as the sole heir and executor of the estate there is no reason they should not be letting me at the contents of the box.

    I’m not sure if this falls more under an “ask the consumerist” question, or a tip about the pain of dealing with a national bank, but I’m frustrated and would take any help I can get whether it be another number to get in touch with someone at Bank of America that can make things happen or any other magic to get at the property that is legally mine at this point. My expectation is that there’s nothing of value in the safe deposit box…maybe the original of her will, which we don’t need, maybe a social security card, things we don’t need. The sort of stuff that someone else might have in a small fireproof safe in their house.


    LOS ANGELES, CA — A jury Wednesday ordered Bank of America to pay $2.5 million to a Sherman Oaks woman who said she lost currency and valuables when her safe deposit box was drilled open without her knowledge after a branch closure in 2013.

    Lianna Sarabekyan sued BofA in June 2014, alleging that she never received notice that the Universal City branch where she rented a large safe deposit box in September 2012 would be closing and that she needed to remove all the box's contents by June 7, 2013.

    Having deliberated since last Thursday, a Los Angeles Superior Court jury concluded that BofA was liable for breach-of-contract and theft.

    Find out what's happening in Sherman Oaks with free, real-time updates from Patch.

    The panel also found that bank employees acted with malice, triggering a second phase of trial to determine whether Sarabekyan should be awarded punitive damages. The jury deliberated a short time before recessing for the day and will return Thursday.

    During the first phase of the trial, Sarabekyan's lawyer, Richard Foster, recommended that the couple be awarded more than $7 million in compensatory damages. In his closing argument urging the panel to award punitive damages, he said BofA's worth is about $1.6 trillion and its net assets are about $206 billion.

    Find out what's happening in Sherman Oaks with free, real-time updates from Patch.

    "They know exactly what happened to (Sarabekyan's) property," Foster said. "You have to take the steps to deter this type of conduct."

    Foster said the bank employees did not videotape the drilling of his client's box because that would have proved she was telling the truth about its contents.

    BofA lawyers said Sarabekyan was sent four notices and did not respond to any of them. Bank attorney Mark Kenney said more than 200 other boxes also were drilled open, but none of the renters complained about lost items.

    Sarabekyan, 34, said she went to the Universal City branch on June 27, 2013, to get some jewelry she and her husband, Agassi Halajyan, had put in the box. She said she intended to wear the pieces to a wedding, but was told by the bank staff that her box was drilled open and the contents sent to a BofA storage facility on the East Coast.

    Halajyan, 43, testified that when he arrived at the branch after receiving a call from his wife, the manager initially denied him a copy of the inventory sheet the bank had made of the contents in the couple's box when it was drilled open.

    He said he made calls and was able to get an executive at another BofA location to order the manager to turn over the inventory document, but that numerous items were missing.

    He said he asked the manager why his double eagle gold coins were not listed.

    "She said she was not an expert in gold," Halajyan said.

    Halajyan said the couple was assured by bank employees that everything they had in the box would be returned. He said they had to go through additional hoops before being notified that their items were available in mid- July 2013 at the BofA Studio City branch, only to find out that not all their valuables were there.

    Among the items missing were 44 diamonds with a current value of about $4.5 million and numerous large and small denomination bills, all worth much more than their face value, he said.

    Halajyan estimated that a dozen gold coins collectively worth more than $200,000 were missing, as was a $1 Confederate bill with a value of about $150.

    Halajyan, who is not a plaintiff, said outside the courtroom that his father left behind significant wealth in Armenia to come to the U.S. so that he and his brother would not have to fight in a conflict between their native country and Azerbaijan. He said his family did not trust banks in Armenia because they were under Soviet influence.

    Halajyan said he and his wife put the valuables in the BofA vault while they had remodeling work done on their home because construction workers typically have the tools to break into safes like the one in which they kept the items in the residence.

    City News Service; Photo: Public Domain


    Posted by: | on October 2, 2012
    Posted in How | 3 Comments »

    3 Comments to How much are safe deposit boxes at bank of america

    1. lam nguyen I see your worry and also support the fact of getting your financials in order and you have a good point, but you will not ruin your relationship with Amex, however I suggest you try to pay off you 0-APR cards sooner than later because if it did affect your relationships with banks, which it does NOT (as long as the bank gets back what they lended you they could care less about how) then opening multiple 0-APR cards does look “unreliable” to pay your own balance to a bank

    2. Kyu Bhai, Pehle to aapko jo jaana hai vo btao or dusra jab aapko maloom hai details to tum puchte kyu ho , ye dikhane k liye ki mai tumse jyada janta hu, agar itni hi knowledge hai to uska use karo na ki missuse, Okay Brother

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