27 June 2012
Safe Deposit Boxes

Safe deposit boxes provide a secure place away from your home or office to store valuables to protect them from theft, fire or other possible dangers.

Getting a Safe Deposit Box

Ask your banker for specific details about what sizes of safe deposit boxes they offer and what they cost (boxes are usually rented on an annual basis).  For example, Nevada State Bank offers boxes ranging in size from 2 inches by 5 inches to 10 inches by 21 inches (Note: not all sizes are available in all locations).  Our rates range from $25 to $315 per year, with some discounts available.  Ask a representative at your nearest Nevada State Bank location for details about safe deposit boxes.

  • When renting a safe deposit box, make sure you choose the right size for what you wish to store in it. Many people start by renting a small box, only to discover that it quickly becomes filled.
  • Determine who is allowed to access the box, because their name(s) will need to be on the signature card.
  • The bank will provide a key (or keys) that should be kept in a safe place, but also a place where you will remember.
  • The contents of a safe deposit box are not insured by the FDIC.
  • Use your safe deposit box regularly and keep a list of what it contains.

What to Keep in Your Safe Deposit Box

A safe deposit box can be a good place to keep valuable items like jewelry, stamp and coin collections, and negotiable instruments like stock certificates. It is also prudent to use a safe deposit box to store items that are not replaceable or that have sentimental value.  Here are some examples:

  • Birth certificates and/or adoption papers
  • Citizenship papers
  • Military documents
  • Divorce papers
  • Family heirlooms, photos or historical records that can not be replaced
  • Back-up data files from your PC
  • Passports, if they are seldom used
  • Important contracts and business agreements
  • Real estate deeds, mortgages and car titles
  • Copies of important financial records
  • Copies of wills, living trust documents, powers of attorney

What Not to Keep in Your Safe Deposit Box

The only people who can open your safe deposit box (without a court order) are the ones on the signature card for the box.  If you are the only one on the signature card, do not keep items in it that others may need to obtain if you are not present or incapacitated.  Original wills, powers of attorney, living trust documents and other trust documents should not be in your safe deposit box because others may need to access them if something happens to you. Insurance policies should usually be kept available for your reference instead of in the box.


The information contained herein may not represent the views and opinions of Nevada State Bank or its affiliates.  It is presented for general informational purposes only and does not constitute tax, legal or business advice.


Powered by Facebook Comments

This icon will be included whenever we link to a website that is not owned or operated by Nevada State Bank or Zions Bancorporation. These third-party websites are not affiliated with Nevada State Bank or Zions Bancorporation and may have a different privacy policy and level of security. Nevada State Bank and Zions Bancorporation are not responsible for, and do not endorse or guarantee, the privacy policy, security, accuracy or performance of the third-party’s website or the information, products or services that are expressed or offered on that website.