Skip to content

To Re-key a Safe Deposit Box...or Not?

Answered by: 

Is it necessary to rekey a safe deposit box if both keys are turned in upon closure?

Re-keying every box upon surrender is definitely a "best practice." The perceived risk is that, even though both keys were returned, a copy might have been made.

Some safe deposit systems are designed so locks can be "switched" from one box to another when a box is surrendered. The task can be performed without special tools by someone with no specialized skills. However, most safe deposit box systems currently in use would require the use of a locksmith to perform this task. So, it is cost prohibitive and, best practice or not, very few custodians do it.

First published on 2/21/11

First published on 02/21/2011

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics