Why It’s Getting Harder to Find a Safe-Deposit Box
WSJ Your Money Briefing
The Wall Street Journal
4.1 • 1.7K Ratings
🗓️ 15 November 2024
⏱️ 8 minutes
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| 0:00.0 | This episode is brought to you by Shopify. |
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| 0:26.5 | Hey listeners, before we get into today's episode, we want to hear from you. What financial goals are you setting for yourself in 2025? Are you looking to level up your skills at work in search of a new job? |
| 0:38.0 | Or maybe you want to save more money or start investing. |
| 0:41.3 | Share your plans with us and you could be featured in an upcoming episode of your money briefing. |
| 0:46.1 | Send us a voice note to YMB at WSJ.com or 212-416-3413. And now on to the show. |
| 1:00.7 | Here's your money briefing for Friday, November 15th. I'm J.R. Whalen for the Wall Street |
| 1:05.6 | Journal. For years, banks have allowed customers to rent safe deposit boxes to store important documents and valuables and protect them from fire and theft. |
| 1:18.0 | Now it's becoming harder to secure a box. |
| 1:21.1 | You have banks when they open new branches these days. |
| 1:23.8 | They aren't necessarily putting safe deposit boxes in them. Some banks are telling |
| 1:29.9 | customers they can't open new boxes, and some are just saying altogether that they're shutting |
| 1:34.7 | down these deposit boxes. And then the other sort of broader theme that we're seeing here is |
| 1:38.9 | that banks have been shutting branches for years now, and when they shut branches, they shut |
| 1:42.6 | safe deposit boxes. |
| 1:43.7 | So if not at the bank, where can you go to safely store your belongings? Well, branches for years now, and when they shut branches, they shut safe deposit boxes. |
| 1:47.4 | So if not at the bank, where can you go to safely store your belongings? |
| 2:12.7 | We'll talk to WSJ's Ben Eisen after the break. It's getting harder to find a bank that offers safe deposit boxes. |
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