Banks closing down vaults of deposit boxes
The locksmith industry has been given a boost after banking customers were told that they could no longer use deposit boxes at branches. The big four banks are all withdrawing deposit box services, claiming that they are becoming too costly for them. This means that customers are being forced into looking at new ways to store their most valuable goods and that many are hoping to identify ways to keep their items safe within their homes. Despite the closure of the deposit boxes, it’s said that the demand for them is higher than ever, with the high price of gold meaning that customers are becoming more and more cautious about where they store their valuables.
Alternative locations sought out
As a result, many insurance companies are seeing customers turn to their services for the safekeeping of goods. If a key is lost, it can cost around £100 for a customer to have a new lock put into a safe by a locksmith. With more and more customers reporting a feeling of unease regarding storing expensive goods at home, the race to find alternative locations is now on. Anyone who stores their goods in a vault is urged to make their family or solicitor aware.
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