Talk of The Villages Florida - View Single Post - Safety Deposit Boxes??
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Old Yesterday, 05:59 AM
Mrmean58 Mrmean58 is offline
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Quote:
Originally Posted by Michael G. View Post
Do you use them?
How safe do you think they are?
From what I read, there is no federal control over, or what banks do with them.

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I'm not sure what you mean by "no federal control". Are they covered by federal insurance? No. Financial institutions have no idea what the safe deposit box renters put in their safe deposit boxes so there is no insurance coverage.