Safe Deposit Box Disclosures, Due Diligence & Drilling

Compliance Frontline & New Accounts Operations Deposit Account Compliance

On-Demand Webinar

StreamedJun 12, 2025Duration90 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

See Registration Options

Safe deposit boxes (SDBs) are an essential and popular service.

But did you know that neglecting proper maintenance and security measures can lead to compliance and legal issues? This session will explore the importance of having detailed procedures and strong controls for opening and maintaining SDBs. It will also reveal the issues examiners are finding. Don’t miss this thorough session!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand safe deposit box risks, including security, compliance, and BSA
Detail the differences between opening SDBs for consumers, businesses, trusts, and estates
Develop a detailed process for past-due rent
Handle procedures for when a lessee passes away
Monitor for suspicious activity
Determine when box contents are considered abandoned property
Use provided tools to audit and review your safe deposit boxes

WEBINAR DETAILS

Safe deposit boxes are not the flashiest area of banking, but don’t let this regulatory “sleeper” fool you. Examiners have cited findings for lack of sufficient policies and procedures and inadequate controls. This is an area that institutions tend to “set and forget” – and it’s reflected in examination reports. Are you properly monitoring for suspicious activity? What happens if an SDB lessee passes away? When is it okay to drill a box? When do unclaimed property rules apply? If you hesitated in answering any of these questions, then this session is for you!

WHO SHOULD ATTEND?

This informative session is designed for new accounts personnel, branch staff, risk officers, compliance officers, and anyone responsible for managing your safe deposit boxes.

TAKE-AWAY TOOLKIT

Sample safe deposit box policy
SDB reconciliation tool
SDB log
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.

TESTIMONIALS

"The information was presented in an easy-to-understand format with examples showing you what and how things need to be done."

- Marlene, State Bank of Toledo

"The presenter was very knowledgeable and clear."

- Sharon, Texas Republic Bank

"This webinar far exceeded my expectations and was incredibly insightful. The speaker was very knowledgeable and covered all points related to the topic. I would highly recommend this course."

- Matthew, First Federal Bank of Wisconsin