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Often, Ms. Pierce mentioned, "there’s a hefty cost for getting the box rekeyed," so keep it in a secure place. Also, be sure to keep current on rental fees, Ms. Pierce stated. Details fluctuate by state, she mentioned, however generally, after a period of notice, the financial institution could also be allowed to sell the contents of the box to pay delinquent fees. Any excess money is turned over to the state as unclaimed property. David J. O’Brien, a price-solely financial planner in Midlothian, Va., said he encouraged shoppers to take a listing and to go to the box periodically to verify its contents. He stated a relative’s secure deposit box was mistakenly drilled open and emptied by her bank, which had confused it with another box with an analogous quantity whose owner had fallen delinquent on rental charges. The box’s contents - including a watch with sentimental worth - had been ultimately recovered, he mentioned. However the incident means that letting items languish indefinitely is a mistake. If you beloved this article and you would like to get extra info with regards to kindly stop by the page.

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