50 Most Important Safe Deposit Procedures


Presented by: Dave McGuinn Presented by:
Dave McGuinn

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The safe deposit operation is a unique, fast-changing service in the financial services industry. It is the only product or service in which members of your staff do not know the value of a consumer's assets. As a result, every customer safe deposit vault visit can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This seminar covers the "nuts and bolts" of safe deposit operations and the key procedures that can help your institution eliminate some risks and control others.

Dave McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise answers to both basic and complex questions about your institution's responsibility, liability and daily safe deposit operating procedures. He will also provide information about many current lawsuits and other nationwide horror stories that serve as object lessons on "what not to do" in your safe deposit operation.

Test your safe deposit operation

Answer each of these questions YES, NO or NOT SURE:
_____ Can box keys be duplicated using silly putty and epoxy glue?
_____ Will your part-time attendant make a good courtroom witness?
_____ Do you follow the ten necessary steps when granting box access?
_____ Do you have at least ten items included in your new box renter's kit?
_____ Can FDIC/NCUA signs, logos or brochures create safe deposit liability?
_____ Can you purchase locksmith tools on eBay that can open boxes in seconds?
_____ Are you providing a "No Insurance Disclosure Notice" to all new box renters?
_____ Do you require five types of identification from every signer on a new box contract?
_____ Are you aware of your liability if box access is allowed outside regular lobby hours?
_____ Do you know why you will lose a lawsuit if you are leaving anyone in your vault alone?

How did you do on the test? (You'll find out during the presentation)

Who Should Attend:
This informative program will benefit safe deposit supervisors, full time or relief vault attendants, any other employee who works in the safe deposit area, and auditors.

About the Speaker: David P. McGuinn, President of Safe Deposit Specialists, is a former banker with 50 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 350,000 safe deposit employees and managers and has served the industry as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association and National Association of Federal Credit Union TV networks and has been interviewed by the Wall Street Journal, Money Magazine, New York Magazine, Associated Press, National Public Radio (NPR), British Broadcasting Corporation (BBC), AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, FOX, NBC Nightly News, Inside Edition, Crime Watch and Court TV on current safe deposit issues. McGuinn has created numerous video training programs and his Regulatory/Compliance Manual, Policy and Procedures Handbook and Disaster Recovery manuals are now the accepted standard for the industry. www.sdspec.com Dave has served as a BOL Guru since 2001.Dave is a featured speaker for the American Bankers Association and the National Association of Federal Credit Union's TV network and has been interviewed by the Wall Street Journal, Dow Jones Money Watch, Bottom Line Financial, Washington Post, New York Magazine, Associated Press, Money Magazine, AARP, National Public Radio, CUNA, FDIC, Court TV, CNN, CBS, ABC and NBC Nightly News on current safe deposit issues.

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  • Model: cd_safedeposit0417
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Friday 17 February, 2017.

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