However, the offending phrase is not actually a misspelling at all. Is Wikipedia correct in referring to a “safety deposit box” as erroneous? Does it matter if it is a spelling mistake? After all, spelling is the forming of words from letters “according to accepted usage”, which has become the case with “safety deposit box”, especially in the US. Similarly, America’s Merriam-Webster makes mention of a “safe-deposit box” as being “called also safety-deposit box”. That said, Cambridge Dictionary, another British publisher, simply refers to “safe deposit box (also safety deposit box)”. The latter’s more prominent use in America may perhaps explain the Collins English Dictionary’s reference to “safety-deposit box” as “US another name for safe deposit box”. Within the industry, “safe deposit box” is the generally accepted term in the UK, whereas “safety deposit box” is more commonly used in the United States. On the other hand, conventional dictionaries, whether British or American, do not appear to imply any such error. Wikipedia, the free encyclopedia, takes the view that a “safe deposit box” is “sometimes known erroneously as a safety deposit box”. When researching last year the history of the safe deposit box, Christopher Barrow of Metropolitan Safe Custody became intrigued by references to ‘safety’ deposit boxes. Variety of sizes available. Call us today at 319.291.2000 for current rental fee.Ĭontents are not FDIC insured and CBT does not guarantee items may not be lost/damaged in the event of a disaster.Our News Safe deposit box or safety deposit box? Stop by any of our locations to open a safety deposit box today. Other ways to protect your belongings: If you’re storing items that could be damaged by water - like photos, papers or a stamp collection - seal them in water-safe, zippered plastic bags and seal those inside Tupperware or similar containers. If you rent the box by yourself, don’t store your will, trust documents or anything else your heirs might need. Medical Directives or Durable Powers of Attorney,.Other items include Items not to include in your safety deposit box: Particularly if you are the only key holder. In the event of an accident, or sudden death, your dependents will need to retrieve these documents in a timely manner, and that may not be possible if they are locked away in a bank vault. For example, a will or power of attorney should be left in the care of your lawyer. Chief among these are any important legal documents that you, or your family, might need to access in an emergency. While nearly anything of value can be stored in a safety deposit box, there are some things that probably shouldn't go in. Miscellaneous Valuables (jewelry, antiques, collectibles, family heirlooms, etc).Financial Documents (stocks, bonds, certificates of deposit).Insurance Policies and an Inventory of Personal Possessions.Family Documents (birth certificates, marriage licenses, etc).The most common items people store in their safety deposit boxes include: For example, if you have stock certificates stored in a lock-box in the den they could easily be lost in a fire or flood, and that could mean a substantial financial setback for you and your family. You should also consider what could be lost through negligence or natural disaster. When deciding what to put into a safe deposit box, it's important to remember that it's not just about protecting those items from theft. That could mean anything from your marriage license to your grandmother's antique brooch. The convenience alone makes it an attractive alternative to a home or office safe, and with your possessions being stored alongside of the bank's own assets you can be sure they will be properly protected.Īs a general rule of thumb, a safety deposit box should be used to store any personal possessions that you simply can't afford to lose. Renting a safety deposit box can be an effective, and affordable, way to store and protect important documents, family heirlooms, and priceless valuables.
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