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June 29, 2024

Is a Safe Deposit Box Right for You? Find Out What to Keep Inside.

Is a Safe Deposit Box Right for You? Find Out What to Keep Inside.

What is a Safe Deposit Box?

Do you ever wonder where to keep those important documents? You know, the kind you would burst into tears losing - your grandmother's handwritten will or maybe the deed to your house? In this blog post, we look closely at safe deposit boxes. Will they fit your precious belongings? A safe deposit box is a secure storage container located inside the vault of a bank and leased to a customer. It offers an extra security level for valuable items you don't want to keep in your home—a safe house for all your sacred goods. Is a Safe Deposit Box Right for You? Find Out What to Keep Inside.

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What Should You Keep in a Safe Deposit Box?

What should you keep in it if you decide to get a safe deposit box? Here are some items that are difficult or impossible to replace:

  1. Vital Documents: Original copies of your will, birth certificate, marriage licenses, adoption papers, and property deeds.
  2. Irreplaceable Items: Family heirlooms, precious jewelry you rarely wear, and rare collectibles.
  3. Important Financial Records: Physical backups of stock certificates, bond certificates, and a list of your account numbers.

You don’t want these items to get lost or damaged, especially in a fire, flood, or other natural disaster.

What Should You Not Keep in a Safe Deposit Box?

While safe deposit boxes are great for many items, there are some things you should avoid storing there:

  1. Passport: You might need this quickly, and banks have limited hours.
  2. House Key: In an emergency, you need quick access to your home.
  3. Anything Illegal: This goes without saying, but keeping your items on the right side of the law is important.

Are Safe Deposit Boxes Truly Safe?

Safe deposit boxes are locked up Banks, of course, invest greatly in security features such as fortified walls, time-lock technology (in their vaults and safes), and CCTV cameras with the best resolution possible. Access often needs existing 2 or more forms of ID and a bank employee. Though, they are not full-proof circuits. This includes the risk of natural disasters, human failure, or even criminal acts.

What Are Some Alternatives to Safe Deposit Boxes?

If you’re considering alternatives, here are some options:

  1. Home Safes: Good for smaller valuables and documents you might need quick access to. Invest in a high-quality, fireproof, and waterproof safe.
  2. Digital Storage: Scan important documents and store them securely in the cloud. To enhance security, use strong passwords and two-factor authentication.

What Truly Matters?

We need to ensure that we have our things safe, but we also need to remember that our TRUE treasure cannot be gotten in the material world. As Christians, we should keep our treasures in heaven, not on earth. Matthew 6:19-21 — Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. Store your treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal. For where your treasure is, there your heart will be also.

Outro

Be thoughtful and intentional about protecting your valuables, but keep your priorities in check. Protect what’s important, but don’t lose sight of what truly matters—your relationship with God and investing in eternal things.