Safe Deposit Box Rental Fee

On average the banks we surveyed charge about 60 annually for their smallest boxes which are usually 3 x5 x24.

Safe deposit box rental fee.

Safe deposit box availability indicated on locator. 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. Safe deposit box rent fee you can deduct safe deposit box rent if you use the box to store taxable income producing stocks bonds or investment related papers and documents. While all boxes tend to be 18 to 24 in length larger sizes are available with faces measuring 5 x5 or 10 x10.

Trustee s fees for your ira if separately billed and paid. A newer version of your browser is available. Older versions may limit your ability to access some of this site s functionality. 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.

A safe deposit box often referred to as a safety deposit is a small locked metal container stored in a vault within a bank. 50 discount for select checking account holders. You can not deduct the rent if you use the box only for jewelry other personal items or tax exempt securities. One which remains with the bank and one which goes to the owner of the box.

The rent for the smallest box ranges from 15 to 25. A medium box costs 40 65 each year. Annual safe deposit 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.

Safe deposit box rental except for storing jewelry and other personal effects. Find your nearest branch. Service charges on dividend reinvestment plans. Annual safe deposit box fees.

Cost of using this box. Both keys are required to open the safe deposit box which provides an additional layer of security.