Safe deposit boxes

Safe deposit boxes provide a safe place away from your home or office to store valuables. When selecting a safe deposit box, make sure you choose the right size. Many people start by renting a small box only to discover that it quickly becomes filled. You also need to determine who is allowed to access the box. The institution will provide a key (or keys) that must be kept in a safe place, but also a place where you will remember. Use your safe deposit box regularly and keep a list of what it contains. The contents of a safe deposit box are not insured by the financial institution.

What to keep in your safe deposit box

Safe deposit boxes are the best places to keep items that are valuable. This includes jewelry, stamp and coin collections and negotiable instruments like stock certificates and bonds. They are also good places to keep items that are not replaceable or that have sentimental value. A household inventory (video or written), appraisals, listings of insurance policies and credit card numbers should also be kept in a safe deposit box.

Examples of items that are valuable

  • Coin and stamp collections
  • Negotiable investment instruments like bonds, stock certificates
  • Jewelry

Examples of items that are not easily replaced

  • Family heirlooms, photos or historical records that can not be replaced
  • Adoption papers
  • Birth certificates
  • Citizenship papers
  • Military documents
  • Divorce papers

Examples of items that should be safe but available

  • Vital back up data files from your PC
  • Passports, if they are seldom used
  • Important contracts and business agreements
  • Real estate deeds and mortgages
  • Confidential records
  • Copies of important financial records that you keep at home
  • Copies of wills, living trust documents, powers of attorney

What not to keep in your safe deposit box

It is important to remember that only you can open your safe deposit box without a court order. Items that others may need to obtain if you are not present should not be kept in your box.

Original wills, powers of attorney, living trust documents, and other trust documents should not be in your safe deposit box. Insurance policies should usually be available and not kept in the box.

Think's safe deposit boxes

Think offers safe deposit boxes at certain branch locations. Learn more about our safe deposit boxes here.

You can visit one of the following locations to open a safe deposit box: West Circle Drive and Green Meadows in Rochester, MN - and - Eagan, MN and Apple Valley, MN locations.

1-800-288-3425
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Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The Investment Professionals of Think Financial Planning are Registered Representatives and Investment Adviser Representatives with/and offer Securities and Advisory Services through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered by CES Insurance Agency. Investments are not FDIC insured, not bank guaranteed, not insured by any federal agency and may lose value. Check the background of this firm on FINRA's BrokerCheck. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901.

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