Who knows what that random person who just came in might have in that bag. That's got to cost the bank.Īnd then the customer usually brings in a bag with their items, and that's got to be a security issue. When i visit either my box or my parents' box, the transaction takes about twice as long as a normal teller transaction. Low revenue, high support costs (if done right), high potential liability. I know that there's a several-year waiting list for the larger box sizes at my local credit union.īut yes, it's very much a loss leader for banks. I know that certain age groups and ethnic groups are more likely to use safe deposit boxes than others.

Maybe it depends on where you live, and the age and ethnic makeup of the area. Some online sources say that no one wants safe deposit boxes anymore, other sources say that they're super in demand with long waiting lists. We have reviewed our content for bias and company-wide, we routinely meet with national experts to educate ourselves on better ways to deliver accessible content.įor 15 years our company has published content with clear steps to accomplish the how, with high quality sourcing to answer the why, and with original formats to make the internet a helpful place.Yes, it's confusing. Our commitment is to provide clear, original, and accurate information in accessible formats. We are incredibly worried about the state of general information available on the internet and strongly believe our mission is to give voice to unsung experts leading their respective fields.

Our content experts ensure our topics are complete and clearly demonstrate a depth of knowledge beyond the rote. We perform original research, solicit expert feedback, and review new content to ensure it meets our quality pledge: helpful content – Trusted, Vetted, Expert-Reviewed and Edited. We write helpful content to answer your questions from our expert network. Reviewed by Michelle Seidel, B.Sc., LL.B., MBA

Pnc bank safe deposit box cost