Awesome safety deposit box improvement

Blade

Thought I would share this. My bank has numerous branches in town, but the closest one with a safe deposit box is about 10 miles away. With traffic, it is at least a 20 minute drive so shuttling the coins around is a pain. When at the bank, it is a very manual process where you wait up to 30 minutes for an available employee to get you access to the box.

A new branch opened up about 2 miles from my house, and as luck would have it they have a safe with deposit boxes. (Many branches do not). They implemented a cool new technology. Instead of checking your signature, they use a biometric hand scanner for ID. This means I can walk into the bank and go straight to the vault with no waiting. When combined with the closer branch, it cuts my complete turnaround time from about 1 1/4 hours to 15 minutes.

Unfortunately I am still restricted to access during bank hours. An even better solution would be to put the vault access inside the outer doors so that I can get to my belongings 24 hrs/day. If they can do that, there would be no reason to get a home safe at all. Even still, this is a great improvement, saves time for me and bank employees.

TONEDDOLLARS

I wish my bank had these arrangements

ScarsdaleCoin

dont know where you are located but that sounds great....best bank I have heard about is a NJ bank that is planning to coming to NY its called Commerce Bank...for coin people check this out they offer Sun hours and they have free coin counting machines...a bank that really works with people...sounds good to me!

Barry

Commerce Bank came here a year or two ago. They do offer very convenient hours, including weekends. Interestingly, none of the other banks in the area have followed their lead, so I guess they haven't drawn enough business for the "banking hours" banks.

baccaruda

Unfortunately I am still restricted to access during bank hours. An even better solution would be to put the vault access inside the outer doors so that I can get to my belongings 24 hrs/day. If they can do that, there would be no reason to get a home safe at all. Even still, this is a great improvement, saves time for me and bank employees.

would you consider this safe? i'm thinking this would be a haven for thieves. if i were a thief i'm thinking a good place to hang out would be across the street from the all-night safe deposit boxes.

Twowood

If you'll pardon my nosiness, what do they charge for a box? Here in NY I pay $35. a year for their smallest. Twowood

Blade

A few answers - It is Bank of America and I am located in Texas. I was surprised by the new technology as I have not seen that before.

They charge $20 for the smallest. I pay $50/yr for a 5" by 10" box ($70 normally but I get a preferred customer discount). It holds 8 PCGS boxes plus all of my personal papers.