As a muslim I'm glad that I don't have to enter the casino to access my valuables. The technology is incredible. I'm relaxed knowing that my stuff is safe with you guys.
Want us to Contact you?
Let's chat through your queries
A History of Safety Deposit Boxes
Safety deposit boxes are a convenient way to store valuable items, and their history can be traced back to ancient times. The concept of safekeeping valuables has always been important, whether it be for personal security or for the security of a community’s wealth. The earliest records of safety deposit boxes date back to ancient Rome, where wealthy citizens kept their valuables in the local temple or in the homes of trusted individuals.
In the middle ages, safekeeping evolved into a more formalised process. People began using iron chests, which were locked with keys and kept in the homes of trusted individuals. These trusted individuals, known as “safekeepers,” were responsible for guarding the chests and ensuring their contents remained safe. However, this system was not without its flaws. In many cases, safekeepers were corrupt and would steal the valuables entrusted to them.
The first safety deposit box as we know it today was invented in the mid-19th century. In 1853, French engineer Eugène François Vidocq opened the first safe deposit box facility in Paris. The facility was located in a bank and featured individual lockboxes that could be rented by customers. The boxes were made of steel and were secured with double locks, which required two keys to open. This system provided a much higher level of security than previous methods of safekeeping.
The idea of safe deposit boxes quickly caught on, and soon banks all over Europe and North America were offering the service to their customers. The first bank in the United States to offer safe deposit boxes was the Merchants National Bank of New York, which opened its facility in 1869. By the early 20th century, safe deposit boxes had become a common feature of banks around the world.
During the early 20th century, safe deposit boxes were used by individuals to store a wide variety of items, including cash, jewellery, important documents, and even firearms. They were also used by businesses to store important records and other valuable items. However, with the advent of digital technology, the use of safety deposit boxes began to decline. More and more people began storing their valuable information and documents online, and physical storage became less of a priority.
Despite the decline in popularity, safety deposit boxes remain a valuable service provided by banks today. They continue to offer a secure way for individuals and businesses to store their most valuable items, including cash, jewellery, and important documents. While the technology behind safety deposit boxes has evolved over the years, their importance has remained constant. As long as people continue to value their possessions and seek ways to protect them, safety deposit boxes will continue to be an important service provided by banks.
In recent years, safety deposit boxes have faced some challenges due to changing regulations and customer preferences. For example, following the 9/11 attacks, many countries around the world introduced new laws and regulations designed to combat money laundering and terrorist financing. These regulations made it more difficult for banks to offer safety deposit boxes to customers without conducting more extensive due diligence checks.
Additionally, some customers have expressed concerns about the privacy and security of their items in safety deposit boxes. There have been cases of banks being hacked, and some customers have reported instances of their items being stolen or damaged while stored in a safety deposit box. As a result, some people have turned to alternative storage options, such as home safes or secure storage facilities.
Despite these challenges, safety deposit boxes remain an important service offered by many banks around the world. They continue to provide a secure and convenient way for individuals and businesses to store their most valuable items. Many banks have invested in new technology and security measures to improve the safety and privacy of their safety deposit box facilities.
In conclusion, the history of safety deposit boxes is a long and storied one, dating back to ancient times. While the technology and methods used to store valuable items have evolved over the centuries, the importance of safekeeping has remained constant. Today, safety deposit boxes remain a valuable service provided by banks around the world, offering a secure way for individuals and businesses to store their most valuable possessions. As long as people continue to value their possessions and seek ways to protect them, safety deposit boxes will continue to play an important role in our society.
[rev_slider alias=”vimeo-hero”]
How do I Choose the Right Safe Deposit Box?
Not all safety deposit boxes are good. When choosing a safe deposit box facility to store your valuables, the main factors to consider are Security, Accessibility and Pricing.
A good safe deposit box service will ensure that your valuables are guarded and protected at a high level. As a minimum the facility should use an Internationally Graded Vault (of a high level and from a reputable supplier), employ CCTV Cameras which are Monitored, have Patrolling Guards, use Biometrics and Chip and Pin Authentication.
The safety box service should also be securely, discreetly and conveniently located to allow you to enter and exit without being noticed. Since people are susceptible to greed, you should not be exposed to anyone when accessing your box. Every human being that you are exposed to, undermines your security and safety.
A quick web search will confirm that most safe deposit vault thefts occur because of vault employees.
A good safe deposit box facility should be accessible 24 hours a day, 365 days a year. This way you can access your valuables when it is convenient for you without compromising security.
Finally, a safe deposit box facility has to offer value for money. If you choose an offering that is too cheap, the chances are high that you are compromising either security or accessibility.
If you choose a facility that is too expensive, then storing your valuables offsite won't be worthwhile.
Why is Capital Vaults the best Safe Deposit Box?
Exceptional Security
Your valuables are stored in a Level 7 vault - supplied and installed by Gunnebo, the leading vault manufacturer in the world. The vault is located where there is onsite security, patrolling guards, actively monitored CCTV cameras, single entry and exit point, priority police response and numerous other layers of security to make theft highly unlikely.
The Most Advanced Safe Deposit Box
The latest vault technology is used to offer you the safest safe deposit box experience ever. Advanced robotics ensure that you and your box are never watched. Robots are always accurate and they never steal. ZERO HUMAN INTERACTION means that your valuables are far more secure than they would be at a facility managed by people. No People Equals No Theft.
The Safer Safe Deposit Box
Advanced Security
We use the latest technology with the highest graded vaults (Level 7) from Gunnebo. Since they are the world leaders in Vaults (all South African Banks use them) you can rest assured that your valuables are safe.
Biometrics and Chip and Pin
Your access is authenticated by stringent biometrics and Chip and Pin protocols that cannot be overridden. This means that once you box is allocated to you - we no longer have access to it. No one but you will have control of your safe deposit box.
24/7/365 Access
You can access your safety deposit box 24 hours a day, 365 days a year. And we have no limitations to the number of times your can transact. Transacting is based on your availability.
Secure, Discreet and Convenient Location
Our facilities are in highly secure, discreet and convenient locations. They also offer camouflage so that no one knows that you've come to your vault.
No Human Interaction
Although we have staff to assist, should you require it, you never have to interact with a human being in order to access your secure locker. No humans equals No Theft.
6 Eye Protocol
Our robots are the only ones allowed inside our vaults with your valuables. Even if we wanted to get into the vaults, we would need a total of 3 independent persons to do so. These controls have been hard built into the vaults to give you complete peace of mind. Because No Humans Equals No Theft.
How does it work?
After authenticating your credentials, you instruct the terminal to call up your box (like an ATM).
The Terminal instructs the Robotics to call up your box from inside the secure vault.
Your box is brought to the terminal through the vault and secure shafts.
You transact and deposit your box back the way it came once you're done.
Enter and Transact
To access your valuables, you simply enter one of our Privacy Suites at any time of the day.
Use your allocated chip card, enter your chosen pin number and scan your registered fingerprint.
The terminal will then call up your safe deposit box from the vault and you can transact with peace of mind.
Our Privacy Suites look like luxurious lounges because we want you to feel comfortable and at peace while accessing your valuables. Each Suite has a money counting machine, a counterfeit note detection light and a scale - just to make your visit more convenient.
Deposit and Exit
When you're done, simply press deposit at the terminal, and your safety deposit box will be returned to the vault securely. You can now exit. Simple as that.
Our Privacy Suites not only look great, but they are very safe. There is a phone linked directly to 24 hour security and a CCTV monitor with cameras covering the OUTSIDE of the Suite. That way you can gauge if there are any threats (as unlikely as it may be), before leaving the Privacy Suite.
How Big are the Boxes and How much do they Cost?
We have four different sizes of boxes and the cost depends on the term you reserve your safety box for.
Select the term (monthly, 1 Year, 2 Years or 3 Years) to see the different sizes and costs. You can even add the box you like to a cart to checkout where you can either pay online or choose to come through and pay onsite once you see the site as well.
FAQ
Frequently Asked Questions and Answers about Capital Vaults
How Long Will My Application Take?
We review and approve your application within minutes. This means you can access your Safer Safe Deposit Box immediately.
How Often Can I Access My Safer Safe Deposit Box?
You can access your safer safe deposit box as many times as you would like – 24/7/365.
What documents do I need to sign up?
We don’t need any documents from you in order to allocate a box to you. We just need your email address and your contact number so that we always have a verified channel to contact you on.
What Can I Store in My Safer Safe Deposit Box?
People choose to keep many different things in their safer safe deposit box, but most tend to store possessions that are difficult to replace or hold sentimental value.
A few examples of this would include include:
Wills, Jewellery, Birth Certificates, Passports, Krugerrands, House deeds, Hard drives, Crypto Wallets, Cash, Keys, Gold Antiques, Family Heirlooms.
How Much of Privacy Will I Have When I Access My Safety Deposit Box?
Safe Deposit boxes are delivered securely and robotically to our Privacy Suites where you will have complete privacy.
What Happens to My Box and Contents if I Pay My Rental Fee Late?
If your safe deposit box rental fee is paid late, your contents will still be stored securely in our vault for a minimum period of 180 days. You will however not have access to your box during this period until your account is brought back to order.
If Your System is Automated, Does That Mean That My Box Can be Hacked?
Our vaults are completely isolated from the Internet and because of this, they CANNOT be accessed or hacked.
They were also built to the highest standards by, Gunnebo, one of the leading manufacturers of safes and vaults worldwide.
What Happens to My Box and Contents if I Pay My Rental Fee Late?
If your safe deposit box rental fee is paid late, your contents will still be stored securely in our vault for a minimum period of 180 days. You will however not have access to your box during this period until your account is brought back to order.
