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Safe deposit boxes are very hard to come by these days. Banks are moving away from them. Last year JPM started phasing them out [1]. The trade is likely to cont
by YeBanKo 4y ago
Safe deposit boxes are very hard to come by these days. Banks are moving away from them. Last year JPM started phasing them out [1]. The trade is likely to continue.
[1] https://www.bloomberg.com/news/articles/2022-09-30/jpmorgan-starts-phasing-out-a-banking-relic-safe-deposit-boxes https://www.bloomberg.com/news/articles/2022-09-30/jpmorgan-...
- ashwagary 4y ago>Safe deposit boxes are very hard to come by these days. Safe deposit boxes are also not insured. If you put $250k of cash in a box and the bank catches on fire or gets robbed, you will most like get $0 back, while people with accounts will atleast get the FDIC insured portion of funds back.