Are Safe Deposit Boxes on the Way Out?
On-Demand Webinar
StreamedOct 6, 2022Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Are safe deposit boxes still a viable service?
How can that be determined? What’s happening nationwide? This presentation will provide answers to the
most frequently asked “phasing-out” questions. What’s your institution’s plan?
AFTER
THIS WEBINAR YOU’LL BE ABLE TO ANSWER THESE QUESTIONS:
- Why are nationwide institutions eliminating this service?
- What might happen if safe deposit services are discontinued?
- How much notice must be given if service is discontinued?
- What safe deposit operating expenses could be saved?
- Will offering self-service boxes save money?
- Are home safes a better consumer option?
- Who are your current safe deposit box renters?
- Is your service a profit center or loss leader?
WEBINAR DETAILS
There are an estimated 30 million safe deposit
boxes rented in thousands of financial institutions nationwide. Although banking is a highly regulated
industry, there are very few laws governing safe deposit operation and no
guidelines for eliminating this service.
Should your safe deposit service be phased out? Many large nationwide institutions are eliminating
safe deposit services and not installing boxes in new branches. They are regarded as a headache, expensive to
install, complicated to operate and maintain, and not very lucrative. Learn the pros and cons for continuing or
discontinuing this service.
WHO SHOULD ATTEND?
This informative session
will be of special interest and benefit to legal counsel, branch managers,
training departments, compliance and marketing officers, and senior management
responsible for managing safe deposit operations.
TAKE-AWAY TOOLKIT
- Links to safe deposit news articles and safe deposit websites
- Mini audit report card
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Safe Deposit Specialists
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