A Beginner's Guide to Safe Deposit Boxes

Date Posted: 10-11-2015

What is a Safe Deposit Box?

Safe deposit boxes, commonly misnamed as safety deposit boxes, are boxes ranging in size from just big enough to fit a ring box to large enough to store a wealth of precious items. They are often found in high security vaults guarded by a range of access control technologies. But it wasn’t always like this…

A Brief History

Safe deposit boxes have been around for centuries, since not long after the banking system was brought in and, in the early days, only the banks offered them. Your valuables would be stored in old, underground vaults underneath the hustle and bustle of the banks. (Like Gringotts Bank in Harry Potter.)

Nowadays, more and more bank safe deposit centres are closing their doors to new customers paving the way for a new style of safe deposit centre, the private one. These companies set up state of the art facilities with the sole purpose of storing jewellery and other valuable items.

Why Rent a Safe Deposit Box?

There are a number of reasons someone may wish to rent a safe deposit box. For example if they are;

  • Living in an area with high crime levels and are worried about leaving valuables unprotected at home
  • Moving house or premises and need somewhere to store important documents, heirlooms and other valuables
  • Wanting to protect important documents from loss, theft or damage
  • Wanting to keep precious items from everyday wear and tear
  • Needing to secure valuables off-site
  • Securing your estate in one place in the event of your passing

While those are some of the most popular reasons for renting a safe deposit box, each individual case is different and sometimes just having peace of mind that your valuables are in a secure location is enough of a reason.

What can be Kept in a Safe Deposit Box?

By their nature, the exact contents of a safe deposit box are only known to the key holder but usually, the boxes are used to store any or all of the following;

  • Important documents such as wills, birth and marriage certificates, deeds, insurance documents, stocks/bonds etc
  • Pictures or videos of the contents of your house (in the event of needing evidence for an insurance claim)
  • Coin collections
  • Watches
  • Jewellery (Dowries or other valuable items of jewellery)
  • Family heirlooms
  • Family photos
  • Other items of value (whether actual or sentimental)

Where can I Rent a Safe Deposit Box?

This is the easy part. Here at The Safe Deposit Centre we offer safe deposit boxes in a wide range of sizes starting from as little as £40. 

We utilise biometric fingerprint technology to ensure the highest levels of security for all of our clients. Seven day openings, free parking and high security and confidentiality make The Safe Deposit Centre the best choice for securing your valuables.

Call us today on 0161 273 7487 or fill out our online enquiry form using the link at the top of the page.