What is a safe deposit box?
Are you looking to store some important personal documents, collectibles, or family heirlooms, but don’t have a safe place at home?
Consider a safe deposit box with Adirondack Bank.
What is a safe deposit box?
An alternative to a home safe, a safe deposit box is an individually secured container that allows you to keep your valuables in the safe or vault of a federally insured bank.
How to use a safe deposit box
You only have access to a safe deposit box if you’re the registered owner. Contact Adirondack Bank for full details.
What can I store?
You can store several items in a safe deposit box. Some items you might keep safe include:
- Personal papers such as original birth certificates, marriage licenses, and citizenship papers.
- Stamp or coin collections.
- Jewelry or rare collectibles.
- Important contracts and business papers.
- An inventory of your home’s contents in case you need to file a claim.
- The deed to your house and car titles.
- Hard drives and flash drives with backups and important data.
- Stock certificates.
If you need items on short notice or in an emergency, avoid storing items such as passports and medical information. You may not be able to get your valuables after branch hours.
Another item you should consider not keeping in a safe deposit box is cash. According to the Federal Deposit Insurance Corporation (FDIC), cash isn’t protected by FDIC insurance unless it’s deposited into an account.
Make sure to read the safe deposit box rental agreement terms to see if there are any limitations. Contact Adirondack Bank for full details.
Are my belongings insured?
Because a safe deposit box is simply storage space the bank provides you, the contents, including cash, checks, and other valuables, are not FDIC insured if damaged or stolen, according to the FDIC. You may want to see if your homeowners or renter’s insurance policy will cover safe deposit boxes.
Interested in a safe deposit box?
Several of our branch offices have safe deposit boxes in a variety of sizes to meet your needs. Separate viewing rooms are available to ensure privacy. See our branch locations for a list of safe deposit box locations. Check with the branch for size and availability information.
The information in this article was obtained from various sources not associated with Adirondack Bank. While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. Adirondack Bank is not responsible for, and does not endorse or approve, either implicitly or explicitly, the information provided or the content of any third-party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. Adirondack Bank makes no guarantees of results from use of this information.
