Event Calendar

Thursday, October 6, 2022

Webinar - Are Safe Deposit Boxes on the Way Out?

Start Date: 10/6/2022 1:00 PM MDT
End Date: 10/6/2022 2:30 PM MDT

United States 

There are an estimated 30 million safe deposit boxes rented in thousands of financial institutions nationwide.  Although banking is a highly regulated industry, there are very few laws governing safe deposit operation and no guidelines for eliminating this service.  Should your safe deposit service be phased out?  Many large nationwide institutions are eliminating safe deposit services and not installing boxes in new branches.  They are regarded as a headache, expensive to install, complicated to operate and maintain, and not very lucrative.  Learn the pros and cons for continuing or discontinuing this service.


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