What To Do When You Can’t Get A Bank Account

Deposit safes, sometimes called drop safes, money safes, depository safes, or drop boxes, are used to store cash for the short term – until bank deposits can be made. As a business owner, a deposit safe is an important tool you can use to protect your money from both outside thieves and employees who are thinking of stealing money from you.

Valuables include items such as your passport, jewellery, money and even documents these days and it’s very important because of fraud, that no one gets hold of your passport or any sensitive documents. Make sure you’re safe by getting yourself a security system. Most safes are very high tech these days and the industry is always keeping up with how thieves work.

Suspend your mail and newspaper delivery, or have that trusty neighbor collect everything so it doesn’t gather on your doorstep. A pile of mail is a sure sign that your house is ripe for breaking in and entering.

PUT SPECIAL BEQUESTS IN WRITING. These bequests may include family heirlooms, art work, special collections, and specific items, such as a boat. Tell relatives/friends about your intentions. Again, put this list in your watch safe box.

Don’t make the mistake of assuming that securing the safe to a solid table or steel chair will provide protection. An experienced thief will simply take the chair and safe or use professional tools to cut through any chains.

However, haven’t you noticed all the changes going on in the banking industry? One bank takes over another bank. The transition may not proceed as seamlessly as hoped. In one bank in my community, for two Saturday mornings they couldn’t open the vault. Imagine the anxiety and agitation in that room! The loudest complainers were the retirees!

How are CDs risk free? The Federal Deposit Insurance Corporation (FDIC) offers deposit insurance on your total deposits at member financial institutions. FDIC insurance applies to deposit products including Money Market accounts, and Certificates of Deposits, up to $250,000.

Usually, there is an itemized receipt accompanying your deposit check. If there is not and you feel that the landlord took to much, you have every right to call him and tell him to produce a receipt. If he has nothing to hide, he will send it right out. However, if there is something to hide and they are not willing to give you your money back, then you will probably need to take him to small claims court.