Safe Deposit Box

Denison State Bank offers safe deposit boxes in the following sizes and annual rental prices. 

Safe deposit boxes are located in varying sizes in the Holton main bank and in the Hoyt, Meriden and Topeka branches. Beyond personal checking account holders receive a free annual box rental up to 3 x 10 in size. Annual rental due March 1; automatic payment debit will be set up if possible.

Our dual-key control policy means the box owner and a bank employee must open the box together. That means only you will ever have direct access to your box and its contents. No bank employee can ever access your box or access its contents since two keys are required for entry. You can inspect your box's contents in total privacy in rooms adjacent to the vaults.

You may be able to claim an income tax deduction if you store investment documents in your safe deposit box, or lower your property insurance premium if you store valuables in your safe deposit box. Consult your tax advisor and insurance agent.

Consider Placing These Items in a Safe Deposit Box:

• Precious items: metals, stamps, coins, pictures, jewelry, cherished family mementos.
• Estate documents: wills, insurance policies, trust documents, burial information.
• Investment documents: CDs, stocks, bonds, annuities, securities, deeds and title policies.
• Household property: photographs, negatives, videos of valuable items. After a burglary or fire loss, your insurance company may not replace some of the things in your home unless you can show proof of ownership.
• Company records: Back-up disks or tapes, business documents, minute books, confidential records and leases.

Common Questions About Safe Deposit Boxes

Are my box contents insured?

The contents of your box are not covered unless you insure them yourself. Ask your insurance agent about available options to insure items stored in the box.

What type of vault security is provided?

All of our safe deposit boxes are located in a concrete or steel vault. These vaults have a steel vault door with time locks and dual combinations. At night, the vaults are protected with a monitored security system.

Is your vault fire proof, waterproof or burglarproof?

No institution can guarantee 100% vault security, but our vaults are resistant to fire, floods, burglary and other unavoidable perils.

What if I don't pay my box rent?

Your rental agreement specifies that you will pay your annual rent one year in advance. Annual contracts renew March 1. If this rent is not paid on or before your specified due date, it is delinquent. Denison State Bank will attempt to notify you by mail. If there is no response, action will be taken in accordance with state law and the past-due clause in your safe deposit contract. Any expenses directly or indirectly incurred in this collection process will be added to your past due rent, and your account may be turned over to a credit and/or collection agency.

What happens if I lose my safe deposit keys?

If one key is lost, bring in the remaining key and transfer into a new box. If both keys are lost, the box must be forced open in your presence and at your expense.

If I become sick, disabled or take an extended vacation, can I appoint a deputy to be responsible for my box contents?

Deputy appointments are easily accomplished. It simply requires that all renters and the deputy be present to add the deputy's signature to your contract. The deputy should be given one of your keys for access. It's important to remember that Denison State Bank takes no responsibility for the deputy's actions. Upon proper notification of the death or incompetency of all renters, the deputy's right of access will cease.

Can the IRS get into my box?

IRS representatives cannot arbitrarily gain access to your box. However, they can serve a Levy and a Notice of Seizure requiring the financial institution to "freeze" the box. The IRS then requests that you open the box in the presence of its representatives. If you refuse, a court order can be issued, requiring the box to be forced open and the contents impounded.