Safe deposit box: Difference between revisions
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[[Image:Safe deposit vault after EF5 tornado.jpg|thumb|Safe deposit vault after the [[2011 Joplin tornado]].]] |
[[Image:Safe deposit vault after EF5 tornado.jpg|thumb|Safe deposit vault after the [[2011 Joplin tornado]].]] |
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A '''safe deposit box''', also known as a '''safety deposit box''',<ref>{{cite web |first=Ellen|last=Roseman|date=September 20, 2016 |url=https://www.thestar.com/business/personal_finance/2016/09/20/when-bmo-branch-moved-his-safety-deposit-box-was-opened-roseman.html |website=The Star |title=When BMO branch moved his safety deposit box was opened: Roseman|accessdate=July 12, 2018}}</ref><ref>{{cite web|title=Safe Deposit Box or Safety Deposit Box?|url=http://boards.straightdope.com/sdmb/archive/index.php/t-335109.html|website=Straight Dope|accessdate=November 26, 2014}}</ref> is an individually secured container, usually held within a larger [[safe]] or [[bank vault]]. Safe deposit boxes are generally located in [[bank]]s, [[post office]]s or other institutions. Safe deposit boxes are used to store valuable possessions, such as [[gemstone]]s, [[precious metal]]s, [[currency]], marketable securities, [[luxury goods]], important documents (e.g. [[Will (law)|will]]s, property [[deed]]s, or [[birth certificate]]s), or [[computer data storage|computer data]], which need protection from [[theft]], [[fire]], [[flood]], [[tampering (crime)|tampering]], or other perils. In the [[United States]], neither banks nor the FDIC insure the contents. An individual can purchase [[insurance]] for the safe deposit box in order to cover e.g. theft, fire, flooding or terrorist attacks. |
A '''safe deposit box''', also known as a '''safety deposit box''',<ref>{{cite web |first=Ellen|last=Roseman|date=September 20, 2016 |url=https://www.thestar.com/business/personal_finance/2016/09/20/when-bmo-branch-moved-his-safety-deposit-box-was-opened-roseman.html |website=The Star |title=When BMO branch moved his safety deposit box was opened: Roseman|accessdate=July 12, 2018}}</ref><ref>{{cite web|title=Safe Deposit Box or Safety Deposit Box?|url=http://boards.straightdope.com/sdmb/archive/index.php/t-335109.html|website=Straight Dope|accessdate=November 26, 2014}}</ref> is an individually secured container, usually held within a larger [[safe]] or [[bank vault]]. Safe deposit boxes are generally located in [[bank]]s, [[post office]]s or other institutions. Safe deposit boxes are used to store valuable possessions, such as [[gemstone]]s, [[precious metal]]s, [[currency]], marketable [[Security (finance)|securities]], [[luxury goods]], important documents (e.g. [[Will (law)|will]]s, property [[deed]]s, or [[birth certificate]]s), or [[computer data storage|computer data]], which need protection from [[theft]], [[fire]], [[flood]], [[tampering (crime)|tampering]], or other perils. In the [[United States]], neither banks nor the FDIC insure the contents. An individual can purchase [[insurance]] for the safe deposit box in order to cover e.g. theft, fire, flooding or terrorist attacks. |
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Many [[hotel]]s, [[resort]]s and [[cruise ship]]s also offer safe deposit boxes or small safes to their patrons, for temporary use during their stay.<ref>Payne, Kirby D. [http://www.hotel-online.com/Trends/Payne/Articles/SafetyDepositBoxes.html Safety Deposit Boxes and In-Room Safes.] Hotel Online data base of News and Trends.</ref> These facilities may be located behind the [[reception desk]], or securely anchored within private guest rooms for privacy. |
Many [[hotel]]s, [[resort]]s and [[cruise ship]]s also offer safe deposit boxes or small safes to their patrons, for temporary use during their stay.<ref>Payne, Kirby D. [http://www.hotel-online.com/Trends/Payne/Articles/SafetyDepositBoxes.html Safety Deposit Boxes and In-Room Safes.] Hotel Online data base of News and Trends.</ref> These facilities may be located behind the [[reception desk]], or securely anchored within private guest rooms for privacy. |
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Revision as of 06:21, 13 October 2019
A safe deposit box, also known as a safety deposit box,[1][2] is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions. Safe deposit boxes are used to store valuable possessions, such as gemstones, precious metals, currency, marketable securities, luxury goods, important documents (e.g. wills, property deeds, or birth certificates), or computer data, which need protection from theft, fire, flood, tampering, or other perils. In the United States, neither banks nor the FDIC insure the contents. An individual can purchase insurance for the safe deposit box in order to cover e.g. theft, fire, flooding or terrorist attacks.
Many hotels, resorts and cruise ships also offer safe deposit boxes or small safes to their patrons, for temporary use during their stay.[3] These facilities may be located behind the reception desk, or securely anchored within private guest rooms for privacy.
The contents of safe deposit boxes may be seized under the legal theory of abandoned property.[4] They also may be searched and seized by the order of a court through the issuance of search warrant.[5]
See also
References
- ^ Roseman, Ellen (September 20, 2016). "When BMO branch moved his safety deposit box was opened: Roseman". The Star. Retrieved July 12, 2018.
- ^ "Safe Deposit Box or Safety Deposit Box?". Straight Dope. Retrieved November 26, 2014.
- ^ Payne, Kirby D. Safety Deposit Boxes and In-Room Safes. Hotel Online data base of News and Trends.
- ^ Liz Pulliam Weston. "Why treasures in safe deposit boxes get 'lost'". MSN Money.
- ^ "Search Warrants" (PDF). American Safe Deposit.
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