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#1528795 - 03/30/11 02:49 PM Safe Deposit Boxes
Sally52 Offline
Member
Joined: Jul 2009
Posts: 50
In the 90-day notice in the case of a branch closing, is there a required time limit to give the customer to remove the contents of his/her safe deposit box? Is "within 30 days prior to the closing date" and that date listed sufficient?

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#1529249 - 03/31/11 02:29 AM Re: Safe Deposit Boxes Sally52
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,025
Galveston, TX
Safe deposit box rules are found at the State law level.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1529560 - 03/31/11 04:27 PM Re: Safe Deposit Boxes rlcarey
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
If the boxes are to be relocated to another bank office, that is disclosed; however, the actual date of the relocation is generally NOT disclosed for security reasons. A date is given as a deadline for removing contents or after a certain date the boxes will be located at XXX. Sometime during the interim, the boxes will be relocated.

We used to give a year's rent free as compensation for the customer's inconvenience.
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#1529791 - 03/31/11 06:37 PM Re: Safe Deposit Boxes BrendaC
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,025
Galveston, TX
"If the boxes are to be relocated to another bank office, that is disclosed; however, the actual date of the relocation is generally NOT disclosed for security reasons."

Like I said, check your State law because that is not what is required in Texas. You have to tell them exactly when the relocation is to occur unless the move is under emgergency conditions.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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