How much space does $100,000 take up. Would it fit in deposit box?

Question

I refuse to leave money in my checking for any length of time for the bank to use

Answer 1

In what denomination? If it is in 100's, it will be about the size of a book.

You're better off putting it into a savings acount.

You earn interest, and it is covered by FDIC insurance.

If the bank gets robbed, or your safety deposit box is otherwise destroyed, you're out of luck.

Answer 2

Definitely do NOT put it in a safe deposit box. Not only is it not insured by the FDIC, and you won't be making interest on it, banks legally cannot know what you have in your safe deposit box. So if anything happened to it, they can't verify that you ever had the money in there at all, which means you get diddly if its broken into. If you're worried about bank executions or companies getting warrents to forcibly take your money out of accounts, the safe deposit boxes aren't safe from that either. A little more paperwork and state marshalls can enter your safe deposit box the same as they can withdraw from your account. If you're trying to hide the money from the man, dig a hole in your backyard.

Answer 3

Here is some pertinent, fairly accurate info to answer your question:

Assuming all bills are of the same dimensions (I measured on a 1 dollar bill). THE ONE HAS THESE DIMENSIONS (INCHES)
2.6 x 6.1 x .004 (This smallest dimension is safely less than .004 so working off these measurements with worn bills and allowing for inevitable air space between bills you can come up with necessary container dimensions.)

You'd need 6344 cubic inches for 100,000 one dollar bills. 1268.8 cubic inches for $5 denominated bills, and only 634.4 cubic inches for $10 bills. You realize that the box dimensions might force you to leave some dead air space, so leave some margins of dimensional reserve in making your decisions.

Personally, the service I get from the banks, in terms of security, reliability, dependability, accuracy, etc. is worth it to me. Keep in mind your safety deposit box costs you something annually too; and your money won't appreciate in any fashion in the box while real life inflation still lives. (Tho it is conceivable that some bills might become collector's items worth more than their denomination.) The fact that banks exist; and there are many which are very long lived is somewhat a testament to functionality; but you're certainly entitled to your perspective.

(Oh, a potential conflict of interest here; I own some bank stock in my "savings".)

Answer 4

Hey, you could put the money in mine...or I could take that and let you know if it fits in a safe deposit. *wink*
Guy, first of all if the bank is FDIC insured then you don't have to worry. Just have accounts that only have up to $100,000. max in them at a time. FDIC insured typically covers up to that amount per account. Plus you can get a nice percent back for having your money there. You won't have that advantage hiding your money away. If you trust them to store it...then trust them to give you the intrest your account earns.
Also, yes, your money wuold fit. There are different size "safe deposit boxes" you can use to store things.

Answer 5

Well, there are no $1000 bills but you can still get $500 dollar bills and $100,000 would only be about 200 of those. In a brick, with 50 bills per brick, that would be just 4 bricks... easily something that would fit in even a small deposit box.

Answer 6

For $100 bills, a band of 100 of them will be about 1 inch. You would need 10 bands of them to make your 100K, it would be a stack of $100 bills about 10 inches high, maybe less if they are all new. Probably not more than 15 inches at worst.

You're bank may not have that much money on hand though, especially in 100's. It might take time.

Answer 7

in $100 bills, just think that 10 of them make $1000, and that's a stack of about 1/8 of an inch. a hundred times that, you've got $100,000, so you can definitely fit it in a deposit box.

Answer 8

Now son, the bigger issue is your thinking. You won't let the bank use your money to make money, (they do pay you a little for it). But, you will sock it away in a box with no interest at all? Go buy a rent house, or Walmart stock, or a gaggle of geese, any of which will bring you more money than it sitting in a box.

Answer 9

US currency bills are are 2.61 inches wide and 6.14 inches long; they are .0043 inches thick and weigh 1 gram.

$100,000 in $20 notes would be 5,000 bills, which would weigh 5 kg -- or just a little bit less than 1,5 gallons of milk.

The size it would take up would be about 400 cubic inches, which easily fits in a standard bank security box.

Answer 10

Me too, I have, well, I won't say how much but I don't want my bank to have it. And yes, it will fit in a safe-deposit box...