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Do banks have a master key for safety deposit boxes?
All safe deposit boxes have a bank “master key” lock and a “customer” lock–the master key only enables the customer key to open the door and, unless the thief has an impressioned customer key, there is no way that entry can be accomplished.
Can you name a beneficiary on a safe deposit box?
Some safe deposit box holders allow designation of a successor upon death. The affidavit can be used whether or not the person who died had a Will. The safe deposit box must be listed only in the name of the person who died.
What happens when you lose a safety deposit box key?
Q: What happens if I lose my safe deposit keys? A: If one key is lost, bring in the remaining key and close the box. If both keys are lost, the box must be forced open by a safe deposit service company in your presence and at your expense.
What happens if you lost the key to your safe deposit box Chase?
Keys, Combinations and PIN: You may be responsible for all expenses related to the loss of keys or combinations. You agree not to duplicate any keys. Once you surrender the box and all associated keys, we will refund your key deposit, if you made one, provided you do not owe any fees related to the box rental.
Can the bank look in my safety deposit box?
Typically, banks use control systems to ensure that only authorized persons have access to safe deposit boxes. The goal is to allow only the safe deposit box renter to have access to and the ability to remove items from the box. The bank allows only those individuals to open the box.
How do I know if my safety deposit box has a key?
Here are some hints on safe deposit box key identification. If you find a safe deposit key with an envelope that says “Keep one safe deposit box key in this envelope”, then it is a safe deposit key.
Can my spouse access my safe deposit box?
This will be essential to ease the process with the bank. California law basically requires that a person requesting access to a safe deposit box provide a death certificate, a driver’s license (or other valid identification), and be in possession of a key.
Why does safe deposit use only two keys?
For security reasons, your bank cannot keep a spare set of keys. Even if your safe deposit box requires 2 keys, the loss of one will render the other useless. In the event that you lose your deposit box key then, you should be prepared to invest time and money to solve the issue. The only option will be for your bank to hire a locksmith.
Where to hide a safe deposit key?
In the attic
What happens if I Lose my safe deposit box key?
If you lose your key, you won’t be able to open your safe deposit box, regardless of whether it is a one-key or two-key system. At BlueVault, we don’t keep copies of your keys in order to protect the security of your box and the valuables it holds.
Can a bank open your safety deposit box?
Typically, a bank will not be able to open a safe deposit box without the consent of the customer, or a court order and a locksmith. Most safe deposit boxes are locked by two keys, one of which is kept by the bank , while the other is kept by the customer only.