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We want to move safe deposit boxes to another branch due to a particular branch closing. We will move the boxes without opening them and we will send a certified notice that will explain the new location. Do you see any issues with this process? – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

We want to move safe deposit boxes to another branch due to a particular branch closing. We will move the boxes without opening them and we will send a certified notice that will explain the new location. Do you see any issues with this process?

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No, we are not aware of any specific requirements that would apply to moving safe deposit boxes to another location. We recommend checking your account agreements to ensure that you have complied with any and all notification requirements.