I want to deposit a large sum of money into a safe deposit box at my bank. Other than not collecting interest, what are some other reasons this would not be a good idea? Thanks.
2007-11-11 13:56:11 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you lose the key, you'll have a hard time. If you die, your heirs may have a lot of explaining to do.
And the lose of interest is a huge mistake that you should avoid.
2007-11-11 14:01:54 · answer #1 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
you might want to move it offshore. depending on how large the sum is. our economy is hanging on by a thread for one, also in case anyone wants to pry into your business or life- the bank can open the box if there is a rt order. those are easy to get if your being sued or if your on a law enf. hot list. doesnt take much- piss somebody off and you lose it all. be careful.
2007-11-11 14:05:36 · answer #2 · answered by trooper753 5 · 0⤊ 1⤋
unhappy to assert yet whilst u . s . retains sitting on her fats butt and choose roll up her sleeves and paintings . I advise each individual that probably can! Voluntees, too and supply up procuring homes they are in a position to't discover the money for and shop hopping our government will shop us i don't see it going on the two u . s . that is time to step up Vote those Politicians that gave our jobs away ( Clintons and Democrats) Get them out we are going to social and much less self reliant seem what basically ensue with this new Democratic congress human beings awaken
2017-01-05 07:32:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can only access the box during banking hours.
2007-11-11 14:02:57 · answer #4 · answered by Barry auh2o 7 · 0⤊ 0⤋
to off set the first three answers you could always go to a bond warehouse and rent space which will serve the same purpose!!!
2007-11-12 05:29:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋