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Safe Deposit Box

Safe Deposit Boxes

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What is a Safe Deposit Box

A safe deposit box is a locked and secure metal container that is kept in the bank vault. These boxes can be rented by bank customers for a fee to safely store their business or personal documents and other valuables. The annual rental fee varies based on the box's size (see fee chart below). 

What Goes Inside a Safe Deposit Box

Safe deposit boxSafe deposit boxes are a good place to keep hard-to-replace items that you won't need frequent access to, including those mentioned below.  

  • Personal papers, such as original birth certificates, adoption papers, marriage licenses, and citizenship papers
  • Copies - but not the only copies - of wills and powers of attorney 
  • Military records and discharge papers 
  • School transcripts and diplomas 
  • Sensitive documents you would not want roommates, children, relatives, and visitors to stumble across 
  • Abstract and deed to your house 
  • Vehicle titles 
  • Paper stock and bond certificates (including U.S. Savings Bonds), if you have any (most are issued electronically these days) 
  • An inventory of your home's contents, in case you need to file a claim with your homeowner's insurance policy in the event of theft, fire or natural disaster 
  • Important business papers, records, and contracts 
  • Financially and/or sentimentally valuable jewelry, collectibles (e.g. coin or stamp collections), and family keepsakes.

Since access to a safe deposit box is limited to banking hours, it's best not to put anything in your box that you might need in a hurry. Items like your passport, medical directive, a copy of your will, and a copy of your powers of attorney may be needed in an emergency and are better kept in a secure location, such as a fireproof home safe.

You're also better off placing your cash in a bank deposit account, like a savings account or certificate of deposit, than in a home safe or safe deposit box. Cash that's not in a deposit account isn't protected by FDIC insurance. 

Certain items are prohibited from being stored in a First National Bank safe deposit box, including illegal and dangerous items. 


How to Rent a Safe Deposit Box

Stop by one of our locations. A Relationship Banker will let you know if any boxes are currently available and their sizes. Then you can select the box size that works best for you. Box sizes vary at each branch location. The safe deposit box requires dual control (the renter and a bank representative) to access the box.    

See the Frequently Asked Questions section below to learn more about usage and requirements for safe deposit boxes.  


Safe Deposit Box Rental Fees

Rental fee rates effective June 1, 2022 

New boxholders: If you are entering into a box rental agreement prior to June 1, 2022, previous rates apply. Speak to a Relationship Banker to get more information about those rates. The new rates listed below, which take effect June 1, 2022, would then apply to your renewal in 2023. 

If you open a box on or after June 1, 2022, the following rates apply. 

Existing boxholders: Rental notices reflecting these new rates will be sent to you when your box rental agreement is scheduled for renewal. For example, if your box rental agreement does not renew until January 2023, your annual box rental rate will not change until the renewal period begins in January 2023.  

All boxes are 21" in length. 

Single-Width Box (5" width) Annual Cost
2" height $22.00
3" height $30.00
4" height $35.00
5" height $40.00

Double-Width Box (10" width) Annual Cost
3" height $56.00
4" height $67.00
5" height $79.00
6" height $90.00
8" height $116.00
10" height $136.00
Locker 12" x 16" $240.00

Additional Fees
Key deposit $15.00
Monthly late payment $15.00
Box drilling and lock set replacement Cost plus $25.00

Contents are not insured: The contents of your safe deposit box are not insured by the bank, Federal Deposit Insurance Corporation (FDIC), or by any government or private insurance company. The renter is solely responsible for securing adequate insurance for the box contents. The boxholder alone will know what contents have been placed in your box. 


Safe Deposit Box Frequently Asked Questions

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