Does the bank need to know what is in there? Is it 100% private?
2007-04-30 10:26:06 · 11 answers · asked by shadowboxer78 2 in Business & Finance ➔ Personal Finance
You can put anything in there that you want to. The bank isn't supposed to know the contents of your box and are required to leave the vault when you open it.
2007-04-30 10:32:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes you can put cash in a safe deposit box, or any other items of value. The bank does not need to know what you have placed in a safe deposit box, it is 100% private. The cost depends on the size of the Box. Usually the smallest boxes cost $30 all the way up to hundreds.
2016-04-01 02:42:56 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Yes, you can, but most banks limit how much you can put in there unless they are collectible items (such as coins). New rules went in due to money laundering and drug traffiking.
If you should die and the cash is found in there, it gets hung up in probate also. So,ask the bank. If you want an account that is not tied directly to your social security number, you can open one without providing a SS number (at a bank that you haven't banked with before. They will take 20% of the interest annually to send to Feds. You can claim it on your return.
2007-04-30 10:35:26 · answer #3 · answered by CarbonDated 7 · 0⤊ 0⤋
yes..you can put whatever you like in there. It is completely private unless there is a court order to search it.
2007-04-30 10:33:28 · answer #4 · answered by I Know, I Know 4 · 0⤊ 0⤋
Yes it's Yours! You can put anything in there, Passport, Birth certificate, etc
2007-04-30 10:36:59 · answer #5 · answered by Catnipgirl 3 · 0⤊ 0⤋
yes, you can put cash there, but why wouldnt you want to have your money earning interest? - never mind, I dont want to know, because it usually when someone is up to no good that they want to hide things!
2007-04-30 10:29:37 · answer #6 · answered by island3girl 6 · 0⤊ 0⤋
Yes.
2007-04-30 10:29:26 · answer #7 · answered by Kandice F 4 · 0⤊ 0⤋
Of course. Its only your business.
2007-04-30 10:29:05 · answer #8 · answered by Moondog 7 · 0⤊ 0⤋
100%
They have no idea what is in them.
2007-04-30 10:29:01 · answer #9 · answered by Landlord 7 · 0⤊ 0⤋
I'm pretty sure you can. Nothing should go wrong.
2007-04-30 10:30:17 · answer #10 · answered by Frizzle 1 · 0⤊ 0⤋