Skip to content

Box Numbers on Safe Deposit Box Keys

Question: 
We recently purchased a bank that had been closed. The safe deposit box keys have their old routing number and box numbers imprinted on them. I need to know if this needs to be removed from each key.
Answer: 

Answer from John:I don't believe that providing a roadmap to a customer's safe deposit box location is ever a good idea. While knowing which bank the box can be found in would certainly save a lot of surviving family members a lot of aggravation after a box renter dies, you have to balance that against the ease with which someone who steals or finds the keys could gain unauthorized access. Add to that the confusion that the old bank's routing number might cause. Including the box number limits a bank's ability to re-key boxes that have been surrendered, too.

Keeping all that in mind, your bank will have to decide whether the added expense of removing the old information from the keys is a worthwhile investment. When deciding, don't forget the fact that most of the keys are outside bank control, so your cleanup effort will have to be done on a piecemeal basis.

Answer: 

Answer from Andy:With the common caveat of "check your state laws" Texas is one example of "but..." because Texas Administrative Code Rule 3.35 requires the routing number on the key. This is good for family members (as John mentioned) and law enforcement to track down the location of the safe deposit box. The box number is not addressed one way or the other.

TAC says in part - (c) Imprinting requirements. A financial institution which has been issued a routing number shall imprint that routing number on safe deposit box keys on either the head of the key or the shank of the key if there is adequate room.

First published on BankersOnline.com 11/01/10

First published on 11/01/2010

Filed under: 
Filed under security as: 

Search Topics