Ask Terry Questions Safety Deposit Box

Safety Deposit Box

By Terry Savage on March 23, 2023 | Wild Card

Terry,
I have a saftey deposit box at my bank.
If my bank fails, would I still have access to my safety deposit box?
Thanks.

Terry Says

In every bank failure in the past, the bank building reopened the next day for business (either as a new Federal bank or a branch of an existing successful bank). And access was fully granted to safe deposit box holders.

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