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Rent a Safe Deposit Box

 

Safe deposit box rental is a service available at most RBC Bank banking centers. It allows you to conveniently and securely store documents and valuables away from your home.

Why should I rent a safe deposit box?

A safe deposit box offers privacy (only you know what’s inside) and security in a facility away from your home. In fact, some insurance companies may charge lower insurance premiums on valuables kept in a bank's safe deposit box instead of at home because it offers protection against fire and theft.

What should I keep in a safe deposit box?

Any personal items that you cannot afford to lose. For example, documents such as birth, marriage, death certificates, deeds, titles, mortgages, lease agreements, insurance policies and other financial contracts like stocks, bonds and certificates of deposit (CDs). Other valuables you may want to keep in your safe deposit box include jewelry, rare stamps and other collectibles, and videos or pictures of your home's contents for insurance purposes (in case of theft or damage).

What items should not be kept in a safe deposit box?

Anything you might need in an emergency. For example, originals of a "power of attorney" (your written authorization for another person to transact business on your behalf), passports, medical-care, funeral or burial instructions you make. Consider giving the originals to your attorney, and simply making copies to go in your safe deposit box.

If I have a will, should it go in my safe deposit box?

Whether your will should be kept at the bank or elsewhere, such as with your attorney, depends on what your State law says about who has access to your safe deposit box when you die. Check with an RBC Bank official and your lawyer to find out what is required under State law in the event of your death.

Rent a Safe Deposit Box at RBC Bank

If you think a safe deposit box is right for you, please stop by your local RBC Bank banking center or call 1-800-236-8872 for more details.