Reasons to Use a Safety deposit Box

This entry was posted by Friday, 31 October, 2014
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safety deposit boxes irelandIn an era of cloud storage and a paperless society, a safe deposit box might even seem archaic. After all, if you can store your important documents inside a computer file in a cloud file that you can access from any machine with an Internet connection, what would you have to store inside a safe deposit box? Even with that said, though, there are reasons why you should think about renting one for your most important objects.

A cloud storage device is vulnerable in ways that a safety deposit box is not. All it takes is a successful attack on a server to knock your content out of existence. Even if you have your files with Google’s cloud storage, any provider is vulnerable. If you need to hold onto documents such as wills, certificates of stock, bonds, or other important papers, a safety deposit box gives you the peace of mind of storage inside a large vault. That way, even in the event of fire, your belongings are safe and secure.

Also, some people store things other than paperwork in their safety deposit boxes. If you have a gemstone that is an heirloom, a collection of precious metals, marketable securities, and currency to store, a safety deposit box offers you a place to keep your most valuable objects without having to worry about security.

If you decide to hire a box, then you simply have to pay a fee to the bank that owns the boxes. In exchange for your fee, you get a key and the use of a box. When you bring your key in, a bank staff member uses his key to open the box with you. This makes it impossible for someone to steal your key, enter the vault, and access your valuables, because the bank staff member requires you to verify your identity before using your key. In some cases, there is also a code that you have to give the staff member in order to access your box. Some banks even use biometric measures to ensure security.

If you are on a ship or staying at a luxury hotel, sometimes you have the option of hiring a safety deposit box as well. This way you are not leaving your precious valuables at risk when you go out to enjoy the day. You can keep them with you, as with jewels for a lavish dinner, without the possibility of losing them.