Are Safe Deposit Boxes on Their Way Out? - 2020
Presented by
Dave McGuinn
Recorded on September 22, 2020
Have you completed this webinar? Please tell us what you think.
Analyzing Your System:
Should you phase out your safe deposit service NOW? Many nationwide mega banks are phasing out their safe deposit services and not installing any boxes in new branches. They regard them as a headache, expensive to install, complicated to operate and maintain and not very lucrative.
There is an estimated 30 million safe deposit boxes now rented in thousands of community banks and credit unions. These boxes are offered to consumers within a highly regulated industry but there are very few laws governing how to run a safe deposit operation. There are also no guidelines to follow if a financial institution decides to eliminate this service.
This presentation provides answers for the most frequently asked “phasing out” questions and addresses the many important “Pros & Cons” for continuing or discontinuing this service.
What You Will Learn:
Obtain answers to the following questions and establish your own internal procedures.
Who Should Attend:
The information in this presentation will be of special interest and benefit to your branch managers, training directors, marketing officers and senior management who are responsible for managing your safe deposit operations.
Dave McGuinn
Access Webinar
Slides
Questions and Answers
Please complete this course evaluation ...