There are many safe deposit boxes to choose from, and with so many choices it can be difficult to figure out the best safe deposit boxes from the worst. We will run through our top safe deposit box choices and answer any commonly asked questions about safe deposit boxes!

 

What Is A Safe Deposit Box?

A safe deposit box is an individual container usually left at a safe deposit box centre or a bank, to store valuable documents and small items. There are different sizes of safe deposit boxes, from extra small to double extra-large boxes. They are usually made of metal, and you can normally access them any day of the week, with some offering 24/7 accessibility.

 

The Best Safe Deposit Boxes 2023

Shanghai Safe Deposit Boxes

This range of low-cost safe deposit boxes has a secure dual key locking system and stainless-steel facia. This is the perfect budget option for a secure safe deposit box.

Vaduz Safe Deposit Boxes

The Vaduz safe deposit box offers a 24/7 self-service safe deposit system with solid steel locks and is certified to EN1143-1. It’s stacked with two sets of lockers to save space and spare parts are guaranteed. This state-of-the-art safe deposit system offers a great security solution for your valuables.

Vienna Safe Deposit Boxes

This high-security safe deposit box has a stainless-steel facia and can either use dual keys or an electronic locking system. With the option for self-service with the electronic system and the Vienna Safe Service 6.0 which offers multiple control centres, monitor box statuses and much more, it’s a great choice for keeping your valuables in.

Zurich Safe Deposit Boxes

This extremely secure safe deposit box uses a self-service electronic style operation, making it more secure with an alarm installed in case of unauthorised access. These are easy to use and easy to be fitted and set up. These are incredibly secure and offer extra security to monitor them and wireless communication to avoid damaging the room. This is one of the most secure safe deposit boxes available.

 

Where To Get Safe Deposit Box?

If you’re looking at renting a safe deposit box, then it’s a good idea to do some research in your local area to find out the best place to go. You can either research online or ask your bank if they offer the service and if they don’t ask them if they recommend anywhere.

Some UK banks that offer this service are Halifax, Lloyds, Metro Bank and NatWest. Other International banks based in the UK that offer safe deposit boxes are the Bank of America, Citibank, Santander, Bank of India, and Triodos Bank. There are also safe deposit box centres dotted around the UK, so look out for one near you.

 

Who Can Access Safe Deposit Box?

When you rent a safe deposit box, you get the only key to it. Depending on the opening system to your box, you may get a physical key or you may need to scan your finger or hand instead. There will usually be a guard key that is kept at the centre/bank and is needed as the other half to open your box. Either way, the box is secure and can only be opened by you, so don’t lose your key or your bank will charge you to replace the lock with a new one!

Whenever you want to access your safe deposit box, you’ll also need to provide identification and will need to sign in to state that you’ve accessed your box. You can choose to add people to your lease, either with equal or lesser access than yourself. It’s a good idea to add someone else to the account in an emergency when you cannot.

 

What Are Safe Deposit Boxes Used For?

Safety deposit boxes are usually used at banks, hotels or safe deposit centres for those who want to store their valuable items. We would recommend putting items of low value but high importance in there, this can include:

• Personal papers, including birth or adoption certificates, marriage licences and citizenship papers, house deeds
• Copies of your will and power of attorney
• An inventory of your home contents in case you need to claim on your home insurance
• Hard and flash drives with important information on
• Sentimental jewellery, collectables, and family keepsakes
• Any other small items or documents that’ll be difficult to replace

 

 

What Do Safe Deposit Boxes Cost?

Several factors affect the price of safe deposit box storage. This can include if they are electronic and self-service or if it needs a person to monitor and help man the boxes. The cost of a safe deposit box also depends on how staff members are needed, their security, opening time, insurance level and business model.

Some rough prices to compare are the Royal Mints packages from £110 for a small safe deposit box for 3 months, to an extra large box for 12 months at £595; or Sovereign Safe Deposit Centres that have 1-year rentals costs ranging from an extra small box for £99 to a double extra large box for £499; or Halifax and Lloyds that costs the same from a small box for £200 to a large box for £475 per year.

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