1. 1. What is a safety deposit box?

A safe deposit box is an individual container stored within a high secure safe or vault which is only accessible to the key holder. It can be used to store valuable possessions that an individual or business may not wish to store at home or at their place of work. The client/renter agrees to pay an annual fee for using the box, which can only be accessed and opened by successfully navigating a number of security levels including bio-metric security.

2. Why do I need a safety deposit box?

If you are concerned about the security of your valuables at home or in the workplace, you should consider renting a safe deposit box. The installation of home security provides a very limited protection, as owners can be forced to open safes under threat of physical violence. In addition, your home contents insurance costs should be reduced by the use of a safe deposit box.

3. What are the typical item stored in the safety deposit box?





Data Storage

Back up discs


Birth certificates

Precious metals e.g. gold, silver etc.


Property deeds

Rare coins / stamp collections

Military medals


Important keys

Home inventory list/video

Marriage certificate

Wedding video

Income tax returns

Family photographs

Share certificates

Insurance contracts

4. Are there any prohibited items that cannot be kept in a safe deposit box?


5. Are my items insured whilst stored?

A comprehensive insurance policy can be availed of for the contents of your safe deposit box.

6. What do I need to open an account?


7. How much does your service cost and how do I pay?


8. How do I renew or cancel my contract with you?


9. Can I give other persons access to my box?


10. What happens if I lose my keys or access card to the facility?

You are issued with two identical keys at the time of rental. If you lose one or both keys, you should inform Cyprus Vaults immediately. You will then need to make an appointment with us, to ensure you are present when a locksmith drills open your box. You will be responsible for the cost of the locksmith and the subsequent repairs that are required.

Replacement Lock – engineer required: €300.

If you lose your access card, a new card will be issued at a replacement charge of €30 including VAT. Access to your box will not be granted without the appropriate access card.

11. Do Cyprus Vaults keep a copy of my key?


Each box is opened using a dual-lock system. The ‘customer’ key and one held by Cyprus Vaults’. Each box requires both keys to gain access, neither Cyprus Vaults nor the customer can open the box alone.

12. What happens to my safe deposit box if I die?


13. Can I store fine Art or valuable furniture in your vault?


14. What are your opening hours?
