As the story broke on September 30, 2022 on Bloomberg.com that JPMorgan Chase & Co. is phasing out safe deposit boxes at their bank branches and won’t be renting new boxes or providing substitutes for closed boxes, the questions started flying. For decades, people have turned to banks for the security of safety deposit boxes to store valuables and sensitive documents. But the shifting landscape of personal banking continues to move towards electronic access versus an in-person, in-branch approach. With people and businesses able to deposit checks, pay bills, and access their accounts digitally from their mobile devices, the need to go into a bank in person has dramatically decreased.

Fewer people are walking into a bank. They are finding alternative solutions to safe deposit boxes (which can only be accessed during branch business hours). JPMorgan may be the first to make the move to discontinue safe deposit boxes, but they certainly won’t be the last. So, if you are a homeowner or small business owner who’s relied on a bank safe deposit box to store valuables, you could be left hanging and find yourself scrambling to find a safe deposit box alternative.   

Home and office burglar and fire safes are great alternatives to a bank safe deposit box. Having a safe in your home or at your business means you have 24/7 access and complete control over who can open it. Enjoy peace of mind knowing your valuables and documents such as passports, birth certificates, tax records, flash drives, digital media, cash, or jewelry are protected from theft or fire.  

Your new home or business safe is just a click away! At SafeandVaultStore.com, we are one of the nation’s top online retailers for safes and vaults. For homeowners and small business owners, we offer everything from burglar-rated safes and fire-rated and waterproof safes in convenient sizes to data media safes to safe deposit boxes and depository safes.

With layers of steel, locks, and even fingerprint controls, U.L. rated and thoroughly tested burglar and fire safes from Safe and Vault Store are the perfect solution to your safe deposit box needs. And although there are lots of options to choose from, you don’t have to go it alone.  

The talented team at Safe and Vault Store is here to answer any questions and help you find just the right safe deposit box for your home or business. We carry a superior selection of top-rated home and business safes to meet any need and budget.

Chat, email, or give us a call today!