Safety Deposit Facility

[MTbowels]

Where can I store a quantity of cash allowing easy access whenever I want? I'm thinking in terms of a safety deposit box at a bank but I'm having difficulty locating the service at any of the major banks in the UK.

One sees so much of this type of thing happening in movies but is it really feasible in the UK?

Thank you

[sandyRoe]

A bank will hold stuff for you in their strongroom but it would only be available during their opening hours.

[hc4361]

Like the place in Hatton Gardens? Many banks no longer supply safe deposit boxes and if they do the fees can be horrendous.

You need to do a google search for safe deposit boxes in your area. This gives you an idea of prices in Birmingham:
http://www.thesafetydepositcentre.co.uk/planandprice.aspx

[bednobs]

afe de[posit companies have opening hours too (or at least the one on the link does) and that one isn't that much more generous than banking hours.

[Tilly2]

Why don't you just open an account and put it in there?

[Orderlimit]

I'd buy my own safe looking at the prices in HC's link !

[ToraToraTora]

why don't you just put it in the bank? then withdraw at will via ATM.

[woofgang]

keep in mind that if you rock up at a bank with a bagful of cash, Questions Will Be Asked.

[MTbowels]

Yes, exactly woofgang. I need somewhere where I can deposit the money without any initial palaver and gain access whenever I want, allowing for opening hours of course.

[woofgang]

anywhere legal and honest where you deposit a large amount of moolah in the UK will ask questions! Its the law!

[Gizmonster]

As already suggested, what's wrong with buying your own safe??
They're secure enough and can be bolted securely to the wall or floor with rawl bolts.

[MTbowels]

I don't understand that. If it's the law how did all that stuff get stashed away in Hatton Garden by the owners? It seems clear that much of the stuff cannot be traced back to the owners and that's anonymity in anyone's book. Are you saying that the service provided was illegal?

[MTbowels]

The problem with safes is two fold. I've got to decide whether to buy a fireproof one or a normal security safe. You also need to factor in the weight of the safe as you don't want anyone carting it off. To make the latter difficult, the safe needs to be bolted down. So is that wall or floor bollted? Let's start by saying that fireproof safes have no bolt holes as they would allow the ingress of heat and smoke. I cannot site the safe on the ground floor so it has to go upstairs. Its not possible to bolt the safe to the floor upstairs as its of floorboards and steel girder construction. So I'm back to bolting it to the wall. Try finding a good strong safe up to around £300 that you can bolt to a wall and is fireproof

[MTbowels]

Incidentally, you cannot drill holes in a safe to bolt it as this invalidates the warranty, weakens the safe and voids your insurance.

[jack daniels]

don't know if these are of any help MT

https://www.metrobankonline.co.uk/Commercial/More-Convenient-Services/Safe-Deposit-Boxes/

http://www.moneysavingexpert.com/savings/safe-savings

Anna x

[woofgang]

if you've only got 300 quid to spend, 1, dont bother trying to rent a safe deposit box, the rent would eat that up in no time; and 2, what about all the moolah you want to stash, can't you take some out of that to get a proper safe installed?

[Gizmonster]

The safe I've got came with pre-drilled holes, so I'd assume that fire-proof ones would also have some kind of way to secure it to a wall/floor, or what's the point in getting one??
I used longer rawl bolts with mine, to provide extra strength, so it'll be harder to rip off the wall.
Yea I suppose that someone could knock the wall down, but the fact that it's on a neighbouring wall (so the neighbours might notice the wall being knocked down) and my house also has an alarm, might just help save the day :)

[MTbowels]

Gizmonster, fire-proof safes are usually very heavy to hinder easy removal from the premises. The idea is that they could not be moved without heavy equipment which means they don't need to be bolted down.

woofgang, yes the funds are there to pay for a first-class safe but I'm reluctant to spend it on a safe. The day will come when the money's been spent and then I'll have a useless, expensive lump of metal that I'll regret having spent thousands of pounds on!!

[Gizmonster]

I'm sure there will be fire-proof safes out there, that you can bolt to the wall.
If not, there are def fire-proof ones that bolt to the floor - is there no way of fastening it down in a downstairs room??
You mention steel girders upstairs - is it not possible to fasten the safe to these somehow??

Have a look:

http://www.safelincs.co.uk/fireproof-safes/

and maybe even screwfix:

http://www.screwfix.com/c/security-ironmongery/safes/cat810242#category=cat6340006

http://www.screwfix.com/c/security-ironmongery/safes/cat810242#category=cat6340004