It is up to you to insure them if you wish. We do not insure safe custody articles deposited. Customers with certain accounts may get a. The terms and conditions of Standard Bank’s contract states that the bank is “not responsible for any theft, damage or destruction of any items, unless it is due to our own gross negligence or fraud. How much does a safe deposit box typically cost Fees vary depending by location and the size of the box, and may range from 20 to about 200 a year. How to Avoid the Monthly Maintenance Fee (MMF) The MMF can be waived for the Truist One Checking account for each statement cycle by: Making 500 or more in total qualifying Direct Deposits. The robbers spent “the most part of the evening inside the bank” without detection, he says. He says the bank’s camera system was not in working order and consequently the robbers cannot be identified. Mr F claims that on the night in question, the bank’s alarm went off but no one from Standard Bank responded to it. Mr and Mrs F had not insured the contents of their boxes and have suffered a loss of more than R2.4 million, which they are claiming from Standard Bank. The boxes contained, collectively, more than R1 million in cash, Krugerrands valued at R1.2 million and jewellery worth about R211 000. Two of the stolen boxes contained cash and valuables belonging to Kuruman businessman Mr F and his mother, Mrs F.
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