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The cost of your safe deposit box varies depending on the size of the box and the bank’s location. It can range from a few dollars to hundreds of dollars per year. Below are a few examples of ...
Average cost of a safe deposit box. The cost depends on the size of the box, your bank and your region. Expect to pay as little as $15 a year up to about $150 a year.
While the cost of a safety deposit box varies by financial institution and the size of the box, they typically cost between $15 and $150 per year. Some cost as much as $300 per year.
Safe deposit boxes inside a Swiss bank. Safe deposit vault in Joplin, Missouri after the 2011 Joplin tornado, remaining intact despite the destruction of the bank that housed it. A safe deposit box, sometimes referred to as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault.
Modern bank vaults typically contain many safe deposit boxes, as well as places for teller cash drawers and other valuable assets of the bank or its customers. They are also common in other buildings where valuables are kept such as post offices, grand hotels, rare book libraries and certain government ministries.
The US Treasury also came into possession of a large number of safe deposit boxes due to bank failures. During the 1930s, over 3000 banks failed, and the contents of their safe deposit boxes were remanded to the custody of the Treasury. If no one claimed the box, it remained in the possession of the Treasury.
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