What is a Safety Deposit Box?

Find out what makes a safe deposit box a good place to store valuables

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    What is a safety deposit box

    What is a Safety Deposit Box

    A safety deposit box, also known as a safe deposit box, is a secure storage container that is typically found in banks (like those offered by FNB, ABSA, Nedbank and Standard Bank) or other safe locations (like those from Knox Vault, IBV and Capital Vaults).

    The purpose of a safety deposit box is to provide customers with a secure and private place to store valuable items, such as jewellery, luxury watches, Krugerrands, gold, cash, documents, and other important possessions. In this article, we will explore the key features and benefits of safety deposit boxes, and help you understand how they work and how to choose the right one for your needs.

    Features and Benefits

    One of the main benefits of a safety deposit box is the high level of security they provide. Safety deposit boxes are typically made of thick, heavy-duty materials, such as steel, and are designed to be fireproof, waterproof, and tamper-resistant. They are also typically located in secure areas, such as the vault, and are only accessible to authorised personnel.

    Another key benefit of safety deposit boxes is their privacy. Safety deposit boxes are generally rented on an individual basis, and the contents of a box are only accessible by the renter or their designated representatives. This means that your valuables are protected from theft, loss, or damage, and you have complete control over who can access your box and its contents.

    Choosing the Right Safety deposit box

    When choosing a safety deposit box, there are several factors to consider, including size, location, security and cost.

    The size of the box you need will depend on the amount and type of items you plan to store. For example, a small box may be sufficient for storing a few pieces of jewellery or important documents, while a larger box may be necessary for storing larger items, such as artwork or family heirlooms.

    The location of the safety deposit box is also important. Some banks and financial institutions have multiple branches, so it is important to choose a location that is convenient and accessible for you. Additionally, some banks may offer different types of safety deposit boxes, such as drive-up boxes or boxes located within a secure, alarmed room. Capital Vaults is the only Zero Human facility available in Casino’s in South Africa.

    When it comes to security, most facilities offer the minimum requirements such as biometrics, CCTV monitoring, 24/7 armed response and graded vaults. However, only a few facilities offer the latest in Automation and Zero Human interaction (like Capital Vaults does).

    Finally, the cost of the safety deposit box is another important consideration. The cost of a safety deposit box will typically depend on the size and location of the box, as well as the level of security and accessibility it provides. It is important to compare the cost of different safety deposit boxes and choose one that fits within your budget and meets your needs.

    Conclusion

    A safety deposit box is a secure and private storage solution that can help protect your valuable items and important possessions. When choosing a safety deposit box, it is important to consider factors such as size, location, security and cost, and to compare the options available to find the right one for your needs. Whether you are looking to protect important documents, valuable jewellery, your luxury watch, Gold, Krugerrands, Cash or other important items, a safety deposit box is a smart choice that can give you peace of mind and protection for your possessions.

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    How do I Choose the Right Safe Deposit Box?

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    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?

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    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.

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    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

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

    Capital Vaults Terminal

    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
    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.

    Deposit and Exit

    Customer Testimonials

    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.

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