Member Notices

___________________________________________________________________________________

 

 2015 Notices | 2014 Notices | 2013 Notices  | 2012 Notices

 

In addition to the active telephone network, NYSSDA members receive Member Notices every two to three weeks throughout the year.

The Member Notices are short, concise updates and/or alerts that focus on issues being discussed by the safe deposit community.

The Member Notices are designed to keep all members up to date about current, state-of-the art issues.
 

 

2015 Member Notices can be reviewed by clicking the notice number below. You will need to have Adobe Acrobat Reader installed on your computer to view these files. They are also password protected, to receive the password please contact the Executive Secretary by phone at (516)883-2390 or email NYS.SafeDeposit@yahoo.com or at sanchezpsa1@yahoo.com

 

 

2015-01 – Customers Sometimes Put Cash in their Safe Deposit Box to Protect Against a Bank Failure

2015-02 – Can a Bank Require Safe Deposit Customers to Have Deposit Accounts?

2015-03 – Waterproof Safe Deposit Boxes?

2015-04 – Safe Deposit Box Access by Children of Deceased Owners of a Closely Held Corporation

2015-05 – Cash Taken from a Safe Deposit Box and Deposited into a Checking Account

2015-06 – Bank Requires Checking Account for Customer to Rent a Safe Deposit Box

2015-07 – Finding a Box in the name of a Deceased Person

2015-08 – “Don’t Ask, Don’t Tell!”

2015-09 – Customer Privacy when in the Vault Area

2015-10 – Safe Deposit Box Access After Renter is Deceased

2015-11 - Letters from a Court in a Foreign Country

2015-12 - Both Joint Renters are Deceased and the Executor for One Renter Seeks Access to the Box

2015-13 - What is a “Deputy?”

2015-14 - Medicaid Caseworker Seeks Access to a Box of Medicaid Applicant

2015-15 - Access to a Box at a Bank That Goes Out of Business

2015-16 - Discrepancies Between Court and Death Certificate Documents and Bank Records

2015-17 - Who is Allowed to be in the Coupon Room When There is an Access

2015-18 - Insuring Contents of a Safe Deposit Box

2015-19 - Preliminary “Letters” and What the Bank Should Do When they are Presented

2015-20 - What Should Be Done When a Bank Receives Keys to a Box via US Postal,

               Certified or Registered Mail, Return Receipt Requested?

2015-21 - Identification Documents

 

 

The 2014 Member Notices Member Notices can be reviewed by clicking the notice number below. You will need to have Adobe Acrobat Reader installed on your computer to view these files. They are also password protected, to receive the password please contact the Executive Secretary by phone at (516)883-2390 or email NYS.SafeDeposit@yahoo.com or at sanchezpsa1@yahoo.com

 

2014-01 – Beginning of Year “Housekeeping”

2014-02 – Safe Deposit “Do’s and “Don’ts” –  A Brief Refresher

2014-03 – Renter Imposed Restriction Re: Access

2014-04 - Cameras in the Safe Deposit Area

2014-05 – Policy Re: Handling of Renters’ Boxes by Vault Attendant

2014-06 – Waiver from Signing Access Tickets

2014-07 – Items of “No Apparent Value”

2014-08 – Various Box Rental Situations

2014-09 – Reporting Abandoned Safe Deposit Box Property

2014-10 – General Guidance RE: Abandoned Safe Deposit Property

2014-11 – Helpful Tips For Safe Deposit Renters

2014-12 - No Bank Insurance for Box Contents

2014-13 – Private Insurance Coverage For Box Contents

2014-14 – Checking the OFAC List

2014-15 – General Safe Deposit Box Knowledge

2014-16 - Banks’ Use of Cash Found in a Boxes that were Drilled for Non-Payment of Rent

2014-17 - NY Times Article about Auction of Abandoned Safe Deposit Property

2014-18 - Three Questions about Safe Deposit Box Content and Access

2014-19 - Military Awards, Medals, etc. found in Drilled Safe Deposit Boxes

2014-20 - Question Re: Storing a Gun in a Safe Deposit Box

2014-21 - Question Re: Storing US and/or Foreign Currency in a Safe Deposit Box

2014-22 - Customer Request to Ship Box Contents

2014-23 - Article in FDIC Consumer News

2014-24 - "W.C. Fields" Law

2014-25 - 30-Day Notice and Notary Public Presence at Break-Open

2014-26 -  Customer Use of Marking of Keys and Other Actions to Search for a Box

 

 

The 2013 Member Notices Member Notices can be reviewed by clicking the notice number below. You will need to have Adobe Acrobat Reader installed on your computer to view these files. They are also password protected, to receive the password please contact the Executive Secretary by phone at (516)883-2390 or email NYS.SafeDeposit@yahoo.com or at sanchezpsa1@yahoo.com

 

2013-01 – Corporate Box Surrender

2013-02 – Mail Surrender of Joint Box - One Renter is Deceased

2013-03 – Can an Executor Authorize Another Person to Access or Surrender the Box of a Decedent? 

2013-04 - Collecting Sales Taxes in NYS

2013-05 - Box Rental Fee Increase Tied to Opening Bank Account

2013-06 - Response to Customer Claim of Items Missing From Box

2013-07 -Bank Can Not Locate Old Box or Records For Old Box

2013-08 - Guns and Bullets Found at Break-open for Non-Payment

2013-09 - Securities Found in a Box Broken-Open for Non-payment of Rent

2013-10 - Notification of Death of Joint Box Renter

2013-11 - Post Break-Open Release of Content Form

2013-12 - Surrender Issues Revisited

2013-13- Will a Found Key Help Locate a Box

2013-15 – Reprint of Recent Article in Crains NY Business

2013-16 – Reasons why a Safe Deposit Box is Useful for Customers

2013-17 – Attendent Handling of Customer Boxes

2013-18 – Small Estates and Article 13 of the NYS Surrogate Court Procedures’ Act (SCPA)

2013-19 - Practice Issue Still Encountered When Joint Lessee or Deputy Seeks Access to a Decedent’s Box

2013-20 – Is Authority for Safe Deposit Activity Granted to an Agent by the New York

                State Power of Attorney (POA) When the Principal Initials Section (F), Item

                (D), “Banking Transactions” on the POA Form?  

2013-21 – Customer Inquiry About Insurance Coverage for Box Contents

2013-22 – Notice About Insurance Coverage  for Box Contents

2013-23 – No FDIC Coverage for Box Contents  

2013-24 – Customer Refusal to Surrender Box    

2013-25 - Access to Box for Burial Documents - Exception to the Normal Procedures

2013-26 - Information about Corporate Boxes

 

 

The 2012 Member Notices Member Notices can be reviewed by clicking the notice number below. You will need to have Adobe Acrobat Reader installed on your computer to view these files. They are also password protected, to receive the password please contact the Executive Secretary by phone at (516)883-2390 or email NYS.SafeDeposit@yahoo.com or at sanchezpsa1@yahoo.com

 

2012-01 - Beginning of Year Housekeeping

2012-02 - Follow-up on Box Removal Procedures

2012-03 - Bank Inventory of Released Box Content

2012-04 - Preliminary Letter with Maximum Value Indicated

2012-05 - Empty Box for Estate of Deceased

2012-06 - Guardian Requirements of Guardians

2012-07 - General Information about Lost Keys to Safe Deposit Boxes

2012-08 - NYS Sales Tax Issues - Redux

2012-09 - Request by a Deputy to Received Contents

2012-10 - Information About the Auction of Abandoned SDB Property

2012-11 - Executor Wishes to Access Box of Deceased Renter

2012-12 - POA Seeks Access to Box of Little Known Customer

2012-13 - Can the Court-Appointed Administrator Delegate Authority to Another?

2012-14 - Informative Business Luncheon About "The Auction Process"

2012-15 - Seal the Box Upon Death Notification

2012-16 - Issues Associated with Safe Deposit Boxes Rented to a “Trust”

2012-17 - Changing the Mode of Box Rental Payments from Checks to ACH Debits

2012-18 - Difference Between Power of Attorney (POA) and Appointment of a Deputy

2012-19 – Surrender of a Safe Deposit Box by a Joint Renter

2012-20 – OFAC “KYC” Compliance for New Safe Deposit Box Rental Agreements

2012-21 – Required Disclosures to be Given to Safe Deposit Box Renters

2012-22 – Procedures to Follow When There is Possible Water Damage

2012-23 – Customer Communication Needed When Moving Customer Boxes

2012-24 – Surrender of Box by One of the Renters Under a Joint Box Rental Agreement

2012-25 – Is Box Surrender “Effected” by Notation on Bill