Find us on Facebook

5 Blunders to Avoid When Securing Bank Locker Access

a building with columns and a flag

We’ve all been there – stressing over where to safely stash our most prized possessions. Jewelry, cash, confidential documents, maybe a Rolex or two. Leaving that kind of valuable cargo just lying around at home is a one-way ticket to Heartbreak Hotel.

That’s why so many people invest in a trusty bank locker to fort-knox their treasures. A solidly-built safety deposit box with airtight security and insurance coverage sounds perfect, right? Well, it can be – if you avoid some of the rookie mistakes that can totally botch the convenience and peace of mind you’re seeking.

Through years of firsthand experience (and some humbling learning curves), I’ve spotted the biggest pitfalls folks often stumble into when getting their bank locker setup dialed in. Keep these five whoppers front-of-mind when choosing a convenient bank locker access for your treasures, and you’ll be golden:

Blunder #1: Underestimating Your Space Needs

Some people take one look at those tiny box sizes and panic – “There’s no way little Aunt Edna’s diamond brooch collection will fit in one of those!” So they blindly opt for a big locker, wasting money on excess space.

But take it from me – size is relative when it comes to storing valuables securely. Those boxes have way more cubic footage than you’d think. With some strategic packing and organization, even large coin collections and document archives can be tamed into shockingly compact footprints.

Do yourself a favor and thoroughly inventory everything you’ll be locking up. Bring that catalog to the bank and let locker specialists guide you toward the Goldilocks box that’s just right for your storage needs. Going too big or too small both have downsides best avoided.

Blunder #2: Skimping on Insurance Coverage

I get it – seeing those insurance premiums for bank locker coverage is enough to make anyone’s eyes bug out initially. But please, do NOT make the bonehead move of skipping that extra protection just to save a few bucks.

Think about it. You’re paying good money to a bank specifically for that unbeatable security and safeguarding of your valuables. Why leave those prized possessions without a full financial safety net in the rare case of theft, damage or catastrophe?

When shopping around, always look for a bank locker service that offers comprehensive renter’s insurance with robust coverage caps and fair deductibles. The few extra dollars per month will be well worth it for the peace of mind alone, trust me.

Blunder #3: Not Understanding the Access Policies

This one really burns my biscuits. It’s just common sense to thoroughly vet a bank’s safety deposit access hours and red tape before renting a locker there, right? But you’d be amazed how many people just skim that fine print – then are shocked when they hit roadblocks trying to access their box.

Case in point, some old-school banks still cling to stuffy “bankers hours only” rules meaning their lockers are 100% inaccessible nights and weekends. For others, getting box access requires waiting periods, appointments, annoying escort rules, the whole nine.

Don’t sign your life away at some inflexible bank vault! Read those access policies front-to-back and get any unclear items clarified in writing. Bare minimum these days should be evening and weekend availability – though 24/7 access is the real golden goose when storing true emergencies valuables.

Blunder #4: Not Asking About Backup Keys and Procedures

Sure, you could get all casual with your locker keys and just toss ’em in your dusty junk drawer at home. But one day when those jangling keys inevitably go missing? You’re gonna have a Grade-A hassle regaining locker access.

The smart move is having a trusted family member keep backup key copies somewhere secure. Or better yet, invest in one of those super-affordable safe deposit boxes banks often offer just for spare key storage. Avoid unpleasant surprises down the line.

While you’re at it, make sure the bank itself has robust dual-control and audited key procedures in place too. If those pinkeys ever DO go missing, they should have a secure process for verifying your ID and legally re-gaining access into your locker. Don’t rent from an operation that fumbles with that stuff!

Blunder #5: Making Dumb Access Restrictions on Yourself

Of course you want to restrict WHO can physically enter and access your locker. But be reasonable about it!

This means taking a hard look at authorizing certain loved ones, trustees, etc. to legally open your box should something happen to you. That way, your treasured possessions and documents don’t get stuck in permanent legal purgatory, ya dig?

It’s just common sense. But sadly, I’ve seen prideful people ignore this by making their safety deposit box completely, 100% personally sealed off. Then inevitably the unexpected happens, leaving belongings in total inaccessible limbo.

Don’t be that person! Set up reasonable, legal access allowances from the get-go. Follow those tips, and your peace-of-mind bank locker experience will be the ultimate smooth sailing!