Safe deposit box question
2 years ago
last modified: 2 years ago
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- 2 years ago
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Comments (14)I don't think anything I wrote was any more derogatory or fear mongering than any of the previous postings citing Bankrate and MSN. - but I did hit submit knowing the consequences that it would be regarded as a personal attack and as name calling. This is from the FDIC and I will offer it simply for anyone who might want to consider any or different sides in the SD Box issue. And I fully accept the fact that this can be dismissed as "corporate spin" or may lull some into a sense of security that our financial instututions are doing all they can to protect us, just as other articles posted will leave some feeling less protected and more vulnerable. "Safe deposit boxes are stored in concrete or steel vaults equipped with sophisticated alarms, locks, video cameras, motion sensors, heat detectors and other security devices. Most U.S. banks also have very strict access procedures, among them: verifying signatures, restricting access to the vault, never leaving anyone unattended inside the vault, and requiring two different keys (one being the bank's "guard key" and the second, your key) to open a box. Inside the vault: Accompany the bank employee into the vault, and be sure no other customers are there with you. After you arrive at the vault, it's OK to give the attendant your key for the few seconds it takes to open or close the box door, but never lose sight of the key and never leave it in the box door. An unscrupulous attendant or dishonest customer only needs a few seconds to make a wax impression of your key, which can be used to make a duplicate. Also, never let a bank employee take the box out of your sight. When you return your box to the vault, be sure the box door is properly locked and that you have your key before you leave. ''Don't allow a bank employee to keep your key and handle transactions for you if you're not there something elderly customers have done and regretted," adds Carol Mesheske, chief of a section in the FDIC's Division of Supervision that monitors fraudulent activities at banks. Outside the vault: Only open the safe deposit box when you're inside the viewing booth and away from bank employees and customers. ''Before leaving the privacy booth, make sure all valuables are safely back inside the box," recommends Gene Seitz, also of the FDIC's anti-fraud group. ''And make sure there's nothing left behind that may indicate the contents of your box, such as a currency strap, a specially-marked envelope or an empty jewelry box." It does not matter to me how someone chooses to protect what they consider valuable. And for any kind of meaningful discourse on any kind of forum, it's not necessary for everyone to be in total agreement on all things....See MoreWhat's In Your Safe Deposit Box?
Comments (15)I've never had a safe deposit box, and here in California, it came to light recently that the state has been seizing property from 'forgotten' boxes and bank accounts for years. They legislated the time for an account to be considered abandoned to just a couple of years. Even though they're supposed to make every effort to contact the owners, they make no effort. They take the goods from the boxes, sell much of it on Ebay and put the money into the state's 'safekeeping' account, saying that they're protecting it for the owner, who they just stole it from. If this state owes you anything, they will fight to the death to make sure they keep it. When you go to the state website to see if they have any property that belongs to you, and find some amount, they require you to fill out rediculous forms and send all sorts of ID and once that's done, they warn you that the process will take at least 18 months and if you contact them in any way within that time, they will have to start all over. It's just sickening. I believe that the feds have made them stop this for now, but have noticed that some counties here are seizing the same sort of property now. In this state, a safe deposit box may be the worst place to keep anything. We did wills on legalzoom.com online and got the notary, etc. after we received them. We made each kid (adults) a copy of every paper, put them in folders, told them what was in them, taped them shut with big cellophane tape (so anyone who shouldn't see them has to break the tape to look) and they each have a copy. Included in each copy is the location of the original, which is on an ordinary shelf in our home. Of course, if our house is destroyed, the will won't be there, but having the bank keep it may result in it being shredded by the state. Linda Here is a link that might be useful: Califonia's seizure of private property...See MoreHow to safely dispose of shrub ruined by Box moth
Comments (8)Aw, thanks , rifis! I am touched that you appreciate my sometimes sadly rather "feeble" efforts to do a little something for the future! and that would be my ideal solution. But it is very hard to dig deeply out at my land; it's very rocky soil, and in many areas you just can't go down that far. Also, I am a 60-year-old woman without access to machinery or manual help from physically strong, young macho-men, LOL. I do have a plastic composting bell (given out by city hall),but it needs to be emptied; the compost has been sitting in it for more than a year (I've had some serious health issues recently and am way behind on my chores) . Would it be OK to empty the composter, and then put the chopped-up box shrub into it, and just let it sit in there for a year or so, dumping new organic matter on top?...See Morelight box...is it safe?
Comments (7)Bisha- That would not pass code in most areas. For example, if the front edge of your box is recessed more than 1/4", you need a box extender to cover the wall edge to protect against a spark that could be a problem for any adjacent flammable material. You have such a huge amount of wood exposed that it is a greater hazard than a box that is not quite flush with the wall. Maybe a piece of sheet metal could be affixed to the side of the stud so that there was no exposed wood surface, but that is a question for your local code authority to answer. Good thing you caught this....See More- 2 years ago
- 2 years ago
- 2 years agolast modified: 2 years agoAnnegriet thanked carolb_w_fl_coastal_9/10
- 2 years agolast modified: 2 years agoAnnegriet thanked littlebug Zone 5 Missouri
- 2 years agolast modified: 2 years agoAnnegriet thanked carolb_w_fl_coastal_9/10
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rob333 (zone 7b)