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Access to Safe Deposit Box

Would anyone other than me ever be able to get into my safe deposit box?


Possibly. Obviously, if you have a joint renter, that person has co-equal access rights, or if you execute a Power of Attorney giving someone authority to enter your box, that person would have access. The same is true if you appoint a deputy on your box. If you become incompetent or incapacitated and a court appoints a guardian for you, the guardian will have access rights. If the bank is served with a search warrant, seizure warrant, or other court order, the bank will be forced to grant access, and when you die, the personal representative of your estate could get access.

Published on BankingQuestions.com 7/28/06