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Prev Next  Jeffrey Greenberg/Universal Images Group/Getty Images 5 minute read Published April 12, 2022 Written by Libby Wells Written by Libby WellsArrow RightContributing writer Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Safeguarding valuables can be a worrisome affair. There are several factors to consider when thinking about the safety of your valuables and how much you're willing to pay for security. Many people rent safety deposit boxes from financial institutions to store valuables such as watches, art, and documents. The average cost of a Bank of America safety deposit box varies according to the bank's location and the size of the box. If you want to fight bank fees and ensure money stays in your pocket, DoNotPay can help. What Is a Safety Deposit Box Fee at Bank of America?A safety deposit box is a secure container you can rent from your bank or credit union to store essential items. These boxes come in different sizes and can be as small as 3 x 5 inches or as large as 10 x 15 inches. Bank of America will charge you safe deposit box fees depending on the terms set upon by the bank. For a smaller box, you may have to part with around $40 a year and upward of $300 a year for the largest box. Again, this depends on your bank and its lease terms. Some financial institutions charge an initial deposit when renting the safety deposit box. It's therefore important to carefully go through a lease agreement to comprehend the lease terms and conditions and when they apply before agreeing to them. Here is a quick look at safety deposit box fees amongst some of the most popular financial institutions. Box Sizes (inches)3x55x53x105x1010x10Bank of America$75$125$150-$300Chase$50$90$90$115$190Wells Fargo$80-$125$175$175US Bank$63$85$112$133$184How To Get Safety Deposit Boxes Fee Waived on Your OwnAs you're storing your valuables in a safety box, it's easy to pay the Bank of America safe deposit box fees without any second thought. But did you know there's a way to get around them? Safety deposit boxes fees aren't set in stone. With the right explanation and argument, you can appeal and avoid paying them. You can appeal safety deposit box fees on your own by 1. Contacting Bank of America by
2. Describe that you want your safety deposit box fees overturned 3. Explain your financial situation and why you're experiencing difficulty in making the payments 4. Reference legal statutes that cover you against hidden charges How To Get Safety Deposit Box Fees Waived with The Help of DoNotPayWhile the above methods can help you get your Bank of America safety deposit box fees waived, the process is long and tiresome and is a waste of your time. You shouldn't have to incur losses and interests for securing your valuables. This is why DoNotPay introduced a Fight Bank Fees product. This new product was designed to help our clients appeal bank fees to get them waived or refunded without a hassle. The best part about it is that it works in four clicks. All you need to do is
And you're done. DoNotPay will then send a legal appeal letter to the institution on your behalf to get the fees refunded. If the entity has further comments about the appeal, they will reach out to you directly. DoNotPay Works Across All Companies and Groups with The Click of a ButtonHelping you get your locker bank charges waived isn't the only service DoNotPay can help you with. We can handle other bank-related fee waivers, including helping you
We can also help you learn about overdraft fees from the following banks
Why Use DoNotPay To Fight Bank of America Safety Deposit Box Fees?You do not have to wait on hold for a long time for customer service to pick up your call or to wail for their reply to your email which could be lost among the thousands they have to deal with each day. You can use DoNotPay because we are:
What Else Can DoNotPay Do?Helping you appeal your bank lockbox fees is one of the many services under the DoNotPay umbrella. Having started as a service to help drivers fight parking tickets, DoNotPay has evolved over the years to include different services across the board. With DoNotPay, bureaucracy is no longer a hurdle as we can help you with other services and options to jump them. What is the largest size safe deposit box?Safe deposit boxes come in a range of sizes up from there, with the largest being 10 inches by 10 inches and two feet deep. Prices not only differ between banks but can also vary by bank location. You should call your local bank branch to find out the annual rental costs for their safety deposit boxes.
What should you not put in a safe deposit box?What Items Should Not Be Stored in a Safe Deposit Box?. Cash money. Most banks are very clear: cash should not be kept in a safe deposit box. ... . Passports. ... . An original will. ... . Letters of Intent. ... . Power of Attorney. ... . Valuables, Jewelry or Collectibles. ... . Spare House Keys. ... . Illegal, Dangerous, or Liquid Items.. |
Bank of america safety deposit box sizes
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