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BumRushDaShow

(161,578 posts)
9. What MM said is true
Thu Oct 9, 2025, 05:29 PM
Thursday

My parents kept a safe deposit box for decades at the bank they used for their mortgage and regular banking. They used the branch that was close to where we lived (literally walking distance). The parent bank was sold 5 times over the past 40 years but the branch building where the box was, was handed over to a different bank as part of all the buyout agreements, and that bank kept the boxes, and billed annually (which I paid for after my mom passed).

Then about 5 years ago, the latest sale of that bank branch resulted in the owner deciding to get rid of the boxes and they notified those who were maintaining them, to come in to the branch by some "x" date to collect any contents they might have had in the boxes or any items in them would be destroyed.

I didn't think there was anything in the one I was renting but I went there anyway, completed the claim forms, showed ID, etc., and they brought the box out for me to check (it was empty). I even had the original key but they didn't need it because they had a locksmith in there who drilled the locks on all the boxes. They closed the account at that point.

I remember as a kid, that branch building had a little drive-thru window and whenever we were in the car when our parents went to the bank, the teller had a pile of lollypops to give us!

Recommendations

1 members have recommended this reply (displayed in chronological order):

"Don't put such documents in a safe deposit box at your bank. If the bank fails, they'll be lost forever." Sogo Thursday #1
Why the question marks. When banks close, it's verry difficult MineralMan Thursday #3
Another thing to know about safe deposit boxes...... popsdenver Thursday #11
What MM said is true BumRushDaShow Thursday #9
let me get this straight... ret5hd Thursday #20
"3) you arrive there and the box was already unlocked (drilled) while NOT in your presence" BumRushDaShow Friday #21
There's another good reason not to put wills and other documents in safe deposit boxes. yardwork Friday #24
Great advice. This afternoon, I have been doing just what you are advising. John1956PA Thursday #2
Smart! MineralMan Thursday #4
Just before I read your OP, I printed out my application for two copies of my birth certificate. John1956PA Thursday #12
I would also suggest..... lastlib Thursday #5
I already keep that in the safe. Along with all my account links. haele Thursday #8
That's standard procedure in places subject to wildfire. Have had one for years. usonian Thursday #6
Good advice. ancianita Thursday #10
Fuel stabilizer WmChris Friday #23
Have most together. Clouds Passing Thursday #7
I thought I had all my stuff together, but realize... Trueblue Texan Thursday #13
Regarding Passports PhylliPretzel Thursday #14
i had mine in a bank safe deposit , but , the bank kept raising the fee on me so i bought a fire safe the size of a AllaN01Bear Thursday #15
As a back-up, take cellphone photos of all these documents and store them Totally Tunsie Thursday #16
My grandfather had three different birthdays, which caused some problems when he died. hunter Thursday #17
The MAGATs are destroying the ways that America really was great. yardwork Friday #25
Half of those are in my Safety Dep Box, the rest BigmanPigman Thursday #18
Death certificates if your spouse passed away Marthe48 Thursday #19
Yes! MineralMan Friday #22
A few more things: Lochloosa Friday #26
Yes. Stocks left behind can be a real problem for heirs. MineralMan Friday #27
My father retired from GE after 30 years. It's trading in the 290 range right now. Lochloosa Friday #31
I have all of those documents in a safe place. ProudMNDemocrat Friday #28
Smart! MineralMan Friday #29
I plan to renew my Passport before I leave for Hawaii in January. ProudMNDemocrat Friday #30
My stuff is where it's been the last 40 something years: in a fireproof safe. mucholderthandirt Saturday #32
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