The Difference Between Bank and Private Safe Deposit Box?
Updated: 11 hours ago
According to statistics from these years, many banks are no longer offering safe deposit box services. More third-party safe deposit box leasing companies are beginning to emerge. They offer differentiated prices and services to banks, providing people with more choices.
But when choosing a rental safe deposit box, people will consider such a question： should I choose a bank or a private safe deposit box?
Here I will list the main differences between the bank and the personal safe deposit box for your reference at the time of selection!
For safe deposit boxes, safety is the first priority, so banks and private safe deposit boxes provide safe storage space for safe deposit boxes, including physical and technical protection, the most sturdy walls and doors, a professional security team, monitoring, and alarm equipment. , security equipment such as entrance security equipment
Bank information is interconnected. When you open a safe deposit box account, you need to provide personal details. The bank can retrieve and access all your bank data based on the information you provide, which means when you have financial problems. When the bank can block your visit, or when you are investigated by the tax or police, you are authorized to seize your private safe deposit box property.
Private safes only need to carry your identification documents to open an account, they can't access your financial information, and they are independent companies, tax and police can't find your information online, which means you are the only one Know who you have a safe deposit box
Bank safe deposit boxes are opened at their business outlets. In these places, many people handle various banking businesses. You can't guarantee that you don't meet acquaintances you don't want to meet, or you don't have any gangsters, which will leak your privacy. Set up to be targeted by gangsters, creating some personal or property dangers
Private safe deposit boxes are only open to tenants, and non-tenants and staff cannot enter.
When the warehouse is used by someone, the staff will ask the people behind to wait outside. They must enter the warehouse after the front person has come out, and usually, the entrance and exit are separate, or the waiting position is closed, so you can avoid it. People meet with people who come out to prevent privacy leakage
Moreover, some private safe deposit box outlets are located in relatively hidden places such as underground garages. There will be no logo at the exit location. Even if someone sees you out, you don’t know what you are doing.
Bank business hours are fixed. From Monday to Friday, you can only u