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    Patrick Beuseize's Avatar
    Patrick Beuseize Posts: 2, Reputation: 1
    New Member
     
    #1

    Mar 29, 2006, 06:05 PM
    Safe custody in banking
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Mar 29, 2006, 10:04 PM
    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.
    fredg's Avatar
    fredg Posts: 4,926, Reputation: 674
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    #3

    Mar 30, 2006, 05:47 AM
    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.

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