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Yes you can. There are no Federal Laws against it.
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Is it against the law to keep cash in a safety deposit box at a bank?
17 Aug 2005 ... A bank account is a good place to keep your money safe and earn interest ..... There is no law against putting cash in a safe deposit box, ... www.consumer-action.org/english/articles/banking_basics_leaders_guide - 70k -
Is it a safety deposit box or safe deposit box?
safe deposit box
What is a box or drawer to keep money in?
A Safe, also a strongbox, or cash box.
What is a cash vault and safety deposit box?
what is a cash vault deposit
Is a home safe as secure as a bank safe deposit box?
No. Definitely not. A Banks safe deposit box is much much safer than a safety deposit box in a home.
Is putting cash in a safe deposit box legal?
yes it is, as long as the safe has been paid for, it is yours to put in all your important papers and cash and jewelry. that is why people rent them in the first place.
If certifacate of deposit is just in safe deposit box is that ok?
Yes. It should be OK. Certificate of Deposits are important documents that carry a value (as much as the money you deposited with the bank + interest). So, it is important to keep them in a safe place and a safe deposit box should be perfectly fine.
What are the dimensions of a safe deposit box?
certificate of deposit
Where can one keep their money private?
Money can be stored privately at home in a secure container, such as a safe, which may be hidden for extra safety. Alternatively, money can be kept privately in a bank account or possibly stored in a safety deposit box. Some banks allow cash in deposit boxes; some do not. One last option is to store money in investments, such as certificates of deposit. These are fairly safe, as they generally cannot be withdrawn until the specified time has elapsed.
Can a bank freeze your safe deposit box if i go into foreclosure?
No. The Lender probably doesn't even know you have a safe deposit box.
Where can I get a cheap safe deposit box?
You can get a cheap safe deposit box on amazon.com. If it is over 25 dollars you get free shipping. Free shipping is the best! Or you can go to your bank and purchase a safety deposit box.
Would you find a bond in a safe deposit box?
Probably yes. A safe deposit box can contain any valuable item like cash or gold or diamonds or bonds etc. there is no guarantee as to what you may find inside it. Only the person who owns the box knows what's inside it and what may be found if someone opens it.
