Safe Deposit Issues: Drilling, Unpaid Rent, Death & Unclaimed Property

Audit & Accounting Collections Compliance Frontline & New Accounts

On-Demand Webinar

StreamedMay 4, 2023Duration90 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

What could go wrong?

Safe deposit box rental and use are predictable, right? Not so! From delinquent rent, to joint ownership, to escheatment and death of an owner, proper handling of safe deposit boxes is hardly banal. Learn the ins and outs of this often-overlooked area.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand your institution’s safe deposit box obligations and responsibilities
Implement proper procedures to grant access to a safe deposit box
Handle delinquent rent
Manage the death of a joint or sole owner
Properly escheat safe deposit box contents to the state

WEBINAR DETAILS

Safe deposit boxes are an important service. They provide additional revenue and enhance accountholder relationships. But safe deposit box operations are unique and sometimes mysterious. Inappropriately handling a safe deposit box can result in unforeseen liability to your institution of tremendous proportions. This webinar will cover everything you need to know to properly handle safe deposit boxes, including the rental agreement, collecting rent, drilling the box, and escheatment of box contents to the state.

WHO SHOULD ATTEND?

This informative session is designed for all staff involved with safe deposit boxes, including officers, service representatives, operations personnel, compliance officers, auditors, attorneys, and managers.

TAKE-AWAY TOOLKIT

Checklist of items that should be included in a safe deposit box policy
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

Elizabeth Fast

Spencer Fane LLP

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