The Bank of East Asia

Personal Banking

Safe Deposit Box

Our safe deposit box rental service puts your mind at ease because you know that your valuables are safe from risks, such as fire and theft.

Key features include:
  • Various sizes of strongly-built boxes are available for customers to safekeep their valuables.
  • Competitive annual rental rates
  • Customers can deposit and retrieve their valuables any time during banking hours.
  • No separate fee for each access
  • Key deposit is required and refundable.

 

Rental Procedure

  • Applicants must be at least 18 years old and must have an account with BEA.
  • Applicants must sign a safe deposit box rental service application form and a specimen signature card.
  • Once approved, successful applicants are required to pay a refundable key deposit and the annual rental fee for each safe deposit box rented. BEA will issue two keys for each box.

 

Access Procedure

The safe deposit box owner is free to access his/her box(es) at any time during normal banking hours. Upon verification of the individual's signature, a BEA representative will accompany the individual into the vault and unlock the box in his/her presence.

The safe deposit box owner may authorise third parties to access his/her safe deposit box(es) by signing and submitting a letter of authorisation. The authorised parties are then required to complete a specimen signature card with the Bank for future verification.

 

Autopay Option

For your convenience, annual rental fees can be settled by autopay. To set up an autopay instruction, box owner must have a Savings Account, Call Deposit Account or Personal Current Account with BEA, and must sign and submit an autopay authorisation form.

Thereafter, whenever the annual rental fee is due, the amount will be automatically debited from the box owner's designated account.

 

Rental Charges

Size

Height

Width

Depth

Annual Rent

VAT

A 3" 10" 22" £110 +£22
B 5" 10" 22" £180 +£36
C 10" 10" 22" £280 +£56
D 22" 16" 22" £540 +£108
E 44" 16" 22" £1,200 +£240

 

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Important Notes :

  • A key deposit of £50 per box is required. It is refunded when the keys of the safe deposit box are returned.
  • Only box sizes A, B, and C are available at Birmingham and Manchester branches.
  • Please note that BEA does not have access to the safe deposit boxes and therefore bears no liability for the contents of the safe deposit boxes.
  • Customers are advised to take out their own insurance for the contents of the safe deposit box.