Vault Requirements for Housing Customer Assets
Answer by Andy Zavoina, BOL Guru Guru Bios
Question: What are the requirements (including fire rating and other features) for a vault that houses customer assets? Is there a regulation that governs these requirements?
Answer: There are no requirements other than that the bank exercise the normal amounts of security as other providers of similar services. You may find that liability insurance the bank carries is influenced by your specifications and you may be able to advertise some of these if yours are particularly high.
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