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#2017574 - 06/02/15 02:56 PM Vault combinations
startingover Offline
New Poster
Joined: Sep 2013
Posts: 7
Midwest
I am would like to know how often the vault combinations are changed at your Banks.

I have read that at a minimum combinations should be changed every two years. I don't think we have changed ours since we moved into the new bank building 8 years ago.

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#2017582 - 06/02/15 03:10 PM Re: Vault combinations startingover
osucpa Offline
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Joined: May 2011
Posts: 1,406
A couple of comments. If your bank has a control policy or something similar, does it require vault combinations to be changed? Do you change combinations when vault custody is changed? Do you change combinations during employee turnover?

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#2017758 - 06/02/15 08:21 PM Re: Vault combinations startingover
startingover Offline
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Joined: Sep 2013
Posts: 7
Midwest
The answer is no, no, and no to your questions.

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#2017868 - 06/03/15 12:37 PM Re: Vault combinations startingover
osucpa Offline
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Joined: May 2011
Posts: 1,406
Well, since vault combinations have not been changed it appears there is risk. I would take the approach of recommending changing the combinations based on vault custody and employee turnover. Not over a specific time period.

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#2021686 - 06/19/15 08:46 PM Re: Vault combinations startingover
bcompliance Offline
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Joined: Sep 2014
Posts: 1,294
The bank I am currently at has never changed their vault combinations, and it is not under dual control. Has been presented to management with no real cares to change either.
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#2021901 - 06/22/15 06:02 PM Re: Vault combinations startingover
BFrame Offline
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BFrame
Joined: Nov 2011
Posts: 402
USA
In my former life at a megabank, there was an annual key/combo change - it was quite wild the day this all took place.
In my current life at a smaller bank, I'm not aware of any combos ever changed. Security, or lack there of, tends to get little attention until "something happens."
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#2022030 - 06/22/15 08:58 PM Re: Vault combinations startingover
Sunshine Lady Offline
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Sunshine Lady
Joined: Apr 2014
Posts: 681
Very true, I too had a former life at a megabank and the combos were changed each time someone who had a combo left the employment of the bank. The biggest turnover was in the teller area, so imagine how painful that was to remember new combos each time. The locksmith was happy to get our call. I am hoping they finally went to the electronic ones that you could change yourself.
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#2022047 - 06/22/15 09:32 PM Re: Vault combinations Sunshine Lady
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,796
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Originally Posted By Sun Shine Lady
Very true, I too had a former life at a megabank and the combos were changed each time someone who had a combo left the employment of the bank. The biggest turnover was in the teller area, so imagine how painful that was to remember new combos each time. The locksmith was happy to get our call. I am hoping they finally went to the electronic ones that you could change yourself.


Until someone changes it and does not remember what combo he/she changed it to. Real life story from an bank that did not allow it in the first place.
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