Safe Deposit Boxes Rented to Customers Only?

Posted By: danyielg

Safe Deposit Boxes Rented to Customers Only? - 03/12/12 03:23 PM

Is there any reason banks don't rent SDBs to non-customers?
I think I heard that it's not a state law. Does anybody here
rent to non-customers?
Posted By: OkieDokie

Re: Safe Deposit Boxes Rented to Customers Only? - 03/15/12 08:00 PM

We rent to non-customers, we perform CIP on them. Collecting rent is more cumbersome as you do not have an account to debit.
Posted By: osucpa

Re: Safe Deposit Boxes Rented to Customers Only? - 03/16/12 02:38 PM

Mainly the rent issue.
Posted By: girlsrope2

Re: Safe Deposit Boxes Rented to Customers Only? - 03/16/12 03:26 PM

We also rent to non-customers, but the rent is an issue.
Posted By: cheekEE

Re: Safe Deposit Boxes Rented to Customers Only? - 03/16/12 03:45 PM

I agree, rent and bad addresses. The amount of money you make really is not worth the hassle.