Author Topic: Safety deposit boxes  (Read 1129 times)

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IGX

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Safety deposit boxes
« on: Mar 06, 2018, 05:59 PM »
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Is it true that anyone can open the safety deposit box as long as they have the key?


E.g. you are dying so you give the key to your relative.

wilch23

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Re: Safety deposit boxes
« Reply #1 on: Mar 07, 2018, 08:11 AM »
NO, not just anyone can do so.

The bank has a list of people who is/are authorized to open the box. Remember they have the second key needed to open the box.

It can be more than 1 person naman.

IGX

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Re: Safety deposit boxes
« Reply #2 on: Mar 08, 2018, 02:49 PM »
Thanks.  I will have to ask the bank then how I can authorize anyone to have access to my key.

Movies really are fictitious

wilch23

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Re: Safety deposit boxes
« Reply #3 on: Mar 08, 2018, 03:20 PM »
Baka swiss bank ang nasa movie.
Number lang ang account minsan, as long as the pass code matched, authorized na.

Pero mas strict na ata ngayon, baka wala nang numbered accts

IGX

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Re: Safety deposit boxes
« Reply #4 on: Mar 09, 2018, 02:54 PM »
hehe it was a jacky chan film kaya naisip ko ung safety box ko bigla, he was able to get the money with just the key and the box was owned by his father.

IGX

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Re: Safety deposit boxes
« Reply #5 on: Apr 23, 2018, 10:09 AM »
Update ko lang to, I asked metrobank, even if you have the key you cannot get access to the deposit box.  You need to be included as an "OR" in the registration of the Safety Deposit Box.

So if you die, the box is useless, better keep the important documents, money, jewelry at home nalang.

freelancer_babe

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Re: Safety deposit boxes
« Reply #6 on: Apr 23, 2018, 05:40 PM »
What does it mean yung OR? Kailangan may isa pang may access sa deposit box?
Catch a man a fish and you can sell it to him. Teach a man to fish and you ruin a wonderful business opportunity. (Karl Marx)

epic

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Re: Safety deposit boxes
« Reply #7 on: Apr 23, 2018, 07:51 PM »
This scenario is true, but there are possible ways to get around this.

if you know personally the bank manager, you can do so to get the things in the SDB, with the help of the manager.

wilch23

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Re: Safety deposit boxes
« Reply #8 on: Apr 28, 2018, 06:41 PM »
Update ko lang to, I asked metrobank, even if you have the key you cannot get access to the deposit box.  You need to be included as an "OR" in the registration of the Safety Deposit Box.

So if you die, the box is useless, better keep the important documents, money, jewelry at home nalang.

What does it mean yung OR? Kailangan may isa pang may access sa deposit box?

Parang meron nga miscommunication.

The truth is pwedeng ONE person lang authorized, but he still needs the key altho he can request for a replacement key kung mawala yung key.

The "OR" means that there is ANOTHER person authorized to access the box, parang joint account lang. you can also have 3 people sharing a box.
The bank will only give you 1 or 2 keys at most tho.

So hindi yan useless, kasi any "co-owner" can still access the box should one of the authorized persons die.
Ang hindi ko alam is whether you are legally required to notify the bank in case 1 "co-owner" dies.

IGX

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Re: Safety deposit boxes
« Reply #9 on: Apr 29, 2018, 11:41 PM »
Correct sir wilch23,

But my intent of getting a SDB is in the event I am gone anything important (docs, money, papers, atm, pin codes, etc) are in the SDB and can just be handed over to a relative.  I don't want them knowing about it when I am still here as they may use it immediately.  So the movies are deceiving people that anyone who has the key can just go to the bank and open the SDB.  I have been fooled.

 


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