What is a Safety Deposit Box?Īs mentioned above, a safety deposit box is a rentable storage receptacle.
The following explores what a safety deposit box is, why you might consider a safety deposit box alternative, and what the best safety deposit box alternatives are. As these old-school security boxes have been phased out, individuals and businesses are looking for safety deposit box alternatives. Unfortunately, for many institutions, safety deposit boxes have become antiquated. Banks across the nation invested heavily in fortified rooms filled with personally-sized, forged metal receptacles that could be rented. The safety deposit box rage began in the late 1800s when the design of a “receptacle for storing and preserving papers” was patented.
