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Impact of Brexit on demand for Safe Deposit Boxes and Gold Bullion
Co-Founder of Merrion Vaults live on UTV discussing impact of Brexit on demand for Safe Deposit Boxes and Gold Bullion. December 2018.
Banks No Longer Offering Safety Deposit Boxes in Scotland
Many banks have stopped offering safety deposit boxes in the recent past. This has been going on in Scotland and all over the world as more and more banks withdraw the service completely. People who rely on these boxes to keep their valuables safe have been left with few options in ensuring their items are safe and protected.
Safe deposit facilities have been used in storing valuables for many years. Some items most commonly stored include legal documents, cash, artwork, or jewellery. It is a much safer method for keeping expensive items as the boxes, or lockers, are kept under 24 hours CCTV surveillance and behind vault doors. Clients are given a set of keys, or sometimes a swipe card, and can easily access their boxes when they want, during the working hours of the facility.