A security deposit box offers individuals a safe and secure way to store their valuables without worrying if they will get stolen or destroyed by external factors. Many banks and financial institutions offer this service, so you only need to choose which of them has the best value for your money. On top of that, it’s also important to choose a security deposit box with the best features. In today’s article, we’ll guide you through the top features you should look for when choosing a security deposit box for maximum security.

What is a security deposit box?

Security deposit boxes, otherwise referred to as safety deposit boxes, are secure containers where you can store important items like pieces of jewelry, documents, or other precious belongings without fear of being robbed. Rather than store your precious items at home where they can be stolen, banks and financial institutions offer security boxes as a storage solution so you can sleep at night without the fear of being robbed.

What are the top features of a top-notch security deposit box?

Given how banks and financial institutions offer theirs as the “best’ in the market, you can narrow your choices by considering the following characteristics.

It’s built with sturdy materials. Security deposit boxes are built like a vault: firm and secure. They’re usually built with steel or reinforced concrete, making it hard for intruders and thieves to try and break it open.

It’s situated in a secure location. Besides being made of impressive building materials, security deposit boxes are also stored in secure locations, often alongside a bank’s vault. Because of the strategic location and added security of the facilities, it makes it hard for suspicious individuals to break in to steal the box and its contents.

It has advanced security features. Security boxes often come with the typical lock-and-key setup, but thanks to technological advances, some, like Fortis Vaults security boxes, have advanced security features like biometric locks and even an alarm system that makes containment even more secure.

It offers dual-control access. When you avail of security boxes, they’re listed under your name, and the bank will hand you a key to access them whenever you want. For safekeeping and in case of emergency access, banks also give a second “guard key” to trusted personnel, which leaves access to you two only, making it hard for others to try and gain access to them.

But if you wish to, you could also grant access to your security deposit box to your spouse or trusted family member by naming them co-lessors.

How do I choose the best security box for me?

Renting a security box is entirely up to you, but it would help if you could consider the following:

Size. What do you plan to store in your security deposit box? Jewelry and other precious items, or maybe important documents? Regardless of what you will store, the box should be big enough to fit all your belongings.

Security features. This is a must, and if you have certain key features in mind, like biometrics, make sure to find a bank that offers this kind of feature.

Price. Your security deposit box rental fee will be dependent on the size and security features that you need, so find one that’s within your budget.