Safe Deposit Box Rental Fee

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Safe deposit box rental fee.

The rental fees for a safe deposit box vary based on the size of the box and branch so it s best to contact the specific branch to get pricing details. You can not deduct the rent if you use the box only for jewelry other personal items or tax exempt securities. Safe deposit box availability indicated on locator. Annual safe deposit box fees.

Older versions may limit your ability to access some of this site s functionality. Both keys are required to open the safe deposit box which provides an additional layer of security. On average the banks we surveyed charge about 60 annually for their smallest boxes which are usually 3 x5 x24. The rent for the smallest box ranges from 15 to 25.

The average cost of a safety deposit box changes according to the size of the box and the location of the bank where it is stored. A newer version of your browser is available. A safe deposit box often referred to as a safety deposit is a small locked metal container stored in a vault within a bank. While all boxes tend to be 18 to 24 in length larger sizes are available with faces measuring 5 x5 or 10 x10.

One which remains with the bank and one which goes to the owner of the box. The biggest box is priced between 185 and 500. Cost of using this box. The price for a bank of america safe deposit box varies based on its size and fixed rental fees are charged on an annual basis.

Find your nearest branch. This is a miscellaneous deductions subject to the 2. Annual safe deposit box. Safe deposit box rental except for storing jewelry and other personal effects.

These boxes involve two sets of keys. 50 discount for select checking account holders.