A safe deposit box (sometimes incorrectly called a safety deposit box) is a type of
safe usually located in groups inside a
bank vault or in the back of a
bank or
post office. It usually holds things such as valuable
gemstones,
precious metals,
currency, or important documents such as
wills or property
deeds that a person might feel afraid to leave at home due to fear of
theft,
fire,
flood,
tampering or other reasons. In the typical arrangement, a
renter pays the bank a fee for the use of the box, which can be opened only with production of the assigned key, the bank's guard key, the proper
signature, or perhaps a
code of some sort. Additionally, some banks are using
biometric security to complement the already increased security procedures.
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