Decline

In the United States and elsewhere, safe deposit boxes are considered a "legacy service"; many new bank branches do not bother to install any. In the 20th century, bank branches were more prestigious, but in the 21st century, space has grown more valuable with higher land values and rents, and many banks see a safe deposit box service as unnecessary relative to their core business offerings.

In addition, despite the public perception of safe deposit boxes as being extremely secure, banks have little incentive to actually

1.Previous
3.Next