Hi
What are the advantages or disadventages for a bank for providing free safe custody services to its customers?
Please help me with this 600 words assignment.
Many thanks:cool:
Patrick

So you mean like banks providing free safety deposit boxes?

They aren't getting any revenue from it if they are providing it for free.

Also, you can't claim it as a deduction on your taxes if it's free.


Good thing about a safe is it is a secure place to store your valuables. And banks safe's are typically very safe.

Hi,
Free Safe Custody Services:
http://www.abcthebank.com/products/otherproducts.asp
The above link explains about this free option for employees.
I agree with the answer before this one. But, I really can't think of any disadvantages of having it for free.