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Safe Deposit Boxes

A safe deposit box is a storage box, of various sizes, kept in the bank's vault for safekeeping of personal items. Access to the box is possible only with the customer's key and the bank's master key.

RENTAL FEES AND CHARGES:

  • Rent charges vary depending on the size of box. The rental fees are:

    Regular Rate Club Rate
    3x5 $16.00 $12.00
    3x10 $32.00 $24.00
    4x5 $22.00 $16.50
    5x5 $27.00 $20.25
    5x10 $38.00 $28.50
    10x10 $68.00 $50.00

    *Sizes vary by branch

  • Rent is debited from the customers account or paid by the customer on July 1, of each year.
  • The charge for a lost key is $27.00 and is charged when the box is released.
  • The charge for drilling a box is approximately $100.00, depending on the branch location.
  • The customer receives two keys per box.
  • Owner, joint-owner, or authorized signer deputy may have access to the box. If owner or joint-owner dies, the power of authorized signer (deputy) ceases.

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The Citizens Bank of Philadelphia is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts as well as certain eligible NOW accounts which earn .25% annual interest or less are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

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