Safety and security considerations Keep in mind valuables kept in a safe deposit box are not FDIC insured. When a bank says it's FDIC insured, it means money deposited in a bank account is insured ...

This means that, even in the event of your bank's failure, your money (up to $250,000 at least) is protected. However, safe deposit boxes do not qualify. In a 2018 consumer news statement ...

Meanwhile, for the bank executives, “it’s the most expensive square footage you can put into a ... market for used safe-deposit boxes,” McGuinn said, so they can make money.

The Bank of America branch in Altadena burned down last month. Now the bank must determine whether customers' prized possessions survived.

The assets returned include money from inactive banks accounts, uncashed checks, lost stocks and bonds, utility refunds, insurance benefits and valuables in safe deposit boxes. The program ...