Five Reasons to Get a Safe Deposit Box in Australia

If you want to keep your assets safe from damage and theft and you want to ensure that your valuables are truly safe, then a safe deposit box in a secure, private storage facility is your best option.

In this article, we will walk you through five reasons to get a safe deposit box in Australia because valuable and irreplaceable items like jewellery, personal documents, and bonds can be very tricky to store safely.

Some people opt to use a home safe, filing cabinets, or just hide their valuable items in their clothes cupboard, while others prefer to rely on their bank’s safe deposit boxes. Though, what advantages could you benefit from by choosing to store your valuables with a private safety deposit box facility?

Reason 1: A Private Facility is a Convenient and Easy Solution for Storing Valuables

Whether you need to keep your family heirlooms safe while you’re away on holiday, or you need a place to store your bullion you’ve invested in, you can rest assured that with a private safe deposit box storage facility you will know exactly where your valuables are, and that you can easily access them when you need them.

Reason 2: Your Precious Items are Safe from Damage

Keeping items like originals of your insurance policies; family records such as birth, marriage and death certificates; original deeds, titles, mortgages, leases, and other contracts; stocks, bonds and certificates of deposits at home, at work, or on your person seriously exposes you to the risk that your precious items could be damaged, misplaced, stolen, or lost forever.


These documents and items need the special care, attention and security that only safe deposit boxes can provide. A private security vault keeps them safe from potential damage caused by extreme temperatures, fires, floods, natural disasters, and even theft.

Reason 3: Your Valuables are Secured with State-of-the-Art Security Measures

Depending on which safe deposit box service provider you go with, you could be proud knowing that your valuable items and documents are protected by a level of security that you could not achieve at home. Today, private storage facilities have access to the best and latest equipment, with the most advanced and highly sophisticated technologies.

Reason 4: Your Privacy is Ensured and you are Protected against a Financial Collapse

Most banks will require you to disclose vast amounts of personal information if you decide to rent one of their safe deposit boxes. In addition, you are classed as an unsecured creditor as the safety of your items is never insured. However, this is not the case for most private service providers who, more often than not, will have various insurance options available to you.

Moreover, what you choose to store in your safe deposit box remains completely private. With a well run private storage facility, you will be provided with a private viewing room to ensure the utmost privacy when you handle the contents of your safe deposit box.

Reason 5: Only you Can Access Your Safe Deposit Box

If you decide to go out and lease a safe deposit box, it is typically the case that you are the only person who has the key needed to access your box and its contents. If you lose your key a locksmith is required to drill your lock out, but this can only be done with you present.

In the case where the owner of a safe deposit box sadly passes away, a truly professional storage facility will have a registered next of kin who you have nominated to gain access to your safe deposit box in the event of your death. This pre-arranged contact helps avoid costly delays when closing estates and tending to wills and testaments.

A Private Vault is Your Top Choice for a Safe Deposit Box

At Private Vaults Australia, we ensure the protection of your valuable items with multiple layers of state-of-the-art security and complimentary insurance of $20,000 to get you started.

Other than the five reasons to get a safe deposit box in Australia mentioned above, learn more by contacting PVA or read the PVA blog for more interesting news, tips and ideas to guide you.

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Peter Hobson

My background involves the ownership of many businesses including owning and running multiple Chiropractic offices but mainly focused in Nerang on the Gold Coast for 30 Years.

I have a passion for accumulating and holding Bullion and have done so for many years. My extensive Business skills and Bullion knowledge makes it easy to assist others buying, selling and storing their Bullion.

Peter and Cassie work together to assist anyone from the experienced Bullion Investors to the complete novice. They are here to answer any questions to help you.

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