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#11964 - 03/13/01 01:35 AM Safe Deposit Box Controls
JoAnne Offline
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Joined: Feb 2001
Posts: 795
A couple of questions regarding Safe Deposit Box Security.

1. Is it a standard practice for a bank employee to remain with a customer when they do not remove their safe deposit box from the vault?

2. What about keeping the day gate to the Safe Deposit Vault closed and locked when there is nothing else in the vault but the safe deposit boxes?


Opinions posted are not necessarily those of my employer.

Opinions posted are not necessarily those of my employer.

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#11965 - 03/13/01 01:49 AM Re: Safe Deposit Box Controls
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,684
Cape Cod
Joanne's first question reminds me of one of my pet peeves -- customers who don't conform to the established norm! Seriously, we all have safe deposit customers who don't see the need to take their box to the "booth." All they want to do is grab something or shove something in the box and be gone. So this comes up more often than we like to admit. Our SOP is to stay in the vault with the customer if we can't get the customer to go to the booth, only so we can be sure the box goes back where it belongs. We don't want customers unaccompanied in the the vault.

As to the second question, it's sort of answered. We don't want unaccompanied customers in the vault, so we make sure the day gate is shut.

Learned these lessons the hard way 25 or more years ago at another bank. We had two customers wander back to the vault within a couple of minutes of one another, and put their boxes back, taking their keys (yes, we used to leave the customer's key in the door and the door open, I'm sorry to say). Naturally, they put them back in the wrong places, and took the wrong keys. So when customer "X" came back the next month, we couldn't get into his box. It took us two days to figure out what happened, and we invited customer "Y" to come back with customer "X" to swap keys and get the right boxes back in the right places. It was a good thing they were friends and nothing was missing! That bank kept its day gates closed, and has locked the box doors and made customers hold their own keys ever since then.

Sometimes, there's a good reason for the things we "have always done that way"!

[This message has been edited by John Burnett (edited 03-12-2001).]

John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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#11966 - 03/14/01 12:09 PM Re: Safe Deposit Box Controls
Dana Turner Offline

Platinum Poster
Dana Turner
Joined: Dec 2000
Posts: 543
Pipe Creek TX - U.S.

John's answers are very appropriate. I also suggest that you place two (2) cameras within each of your vaults as a "silent witness" and recorder to the activities that take place there.

Dana Turner
Security Education Systems

Celebrating 42 entertaining years of crime . . .

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#1603060 - 09/13/11 06:52 PM Re: Safe Deposit Box Controls Dana Turner
Mad Banker Offline
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Mad Banker
Joined: Jun 2009
Posts: 12
Is it a law or regulation that bank vaults have day gates?
If so ... can you tell me where to find it? I would also need Tennessee's

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#1603364 - 09/14/11 02:42 PM Re: Safe Deposit Box Controls Mad Banker
osucpa Offline
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Joined: May 2011
Posts: 1,402
To my knowledge it is not a law or regulation. I would add one comment, some banks do not have a booth for the customer to go and they must stay in the vault.

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#1611491 - 09/30/11 09:58 PM Re: Safe Deposit Box Controls osucpa
BrendaC Offline
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Joined: Sep 2001
Posts: 6,029
Sweet Home AL
John - Your story reminds me of a call I received one day from one of our branches. You know it's not good when the conversation starts, "I know we didn't do what you said, so please don't say I told you so, just tell us how to fix this."

We had an established "lock shut" policy (open box w/customer, close box, return keys and reopen to secure when customer is finished). They had left the box open with keys dangling. The wrong customer secured his box and walked out with the keys. The keys which also had the other customer's car and house keys.

Good times.
Life without Jesus is like an unsharpened pencil - it has no point.

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