Bank Safety Deposit Box Is a Good Way to Prevent Some forms of ID Theft

Open safe deposit box with money, jewels and golden ingot. 3d illustration

Protect yourself from document identity theft by getting a safety deposit box at your local bank to protect important papers from theft by burglary or loss by fire. Many banks today, in order to get your business, will offer you a free safety deposit box or one at a greatly reduced price to get your business

Here is what the FDIC, the Federal Deposit Insurance Corporation, suggests that you keep in a safety deposit box: “Any personal items that would cause you to say, ‘If I lose this, I’m in deep trouble.’ Important papers to consider putting into your box: originals of your insurance policies; family records such as birth, marriage and death certificates; original deeds, titles, mortgages, leases and other contracts; stocks, bonds and certificates of deposit (CDs). Other valuables worthy of a spot in your safe deposit box include special jewels, medals, rare stamps and other collectibles, negatives for irreplaceable photos, and videos or pictures of your home’s contents for insurance purposes (in case of theft or damage).”

A very important document in our view to create and store in your safety deposit box is a list of all of your banking and financial account numbers–all of them in one place. Another place you might want to consider storing important papers is at a website called Dropbox. We have been using Dropbox for a few years. It is like having another disc drive on your computer. If a disaster or a major theft should occur, you can go to any computer that can get online and get your documents. Take a look at Dropbox and make sure you are satisfied with the website’s security.

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