How to Waive Chase Bank Safety Deposit Box Fees
While factors like low availability of the deposit boxes, difficulty in accessing them, and the lack of FDIC insurance on the deposits may discourage Chase bank customers from renting a safety deposit box, they remain a sure way of storing essential items. Once you rent a , you'll be expected to pay an average maintenance amount.
Chase Bank considers the size of the box and the bank location in order to determine how much you'll pay per year for your box. The good news is that Chase Bank can waive the annual fee once you meet their qualifying criteria.
If you need to contact Chase Bank to request a waiver or refund of any fees, DoNotPay can help you. DoNotPay has a Fight Bank Fees product that can help you contact the bank and ensure that your appeal will be successful.
Chase Bank Safety Deposit Box Fees Explained
from all its branches. However, these safety deposit boxes are not always available, so you may need to set an appointment and join the waitlist.
To qualify for a safety deposit box, you'll need to have a checking account with the bank. If you don't have an account or open one, you can partner with someone who does so that the annual deposit box fee can be applied. The charges for renting a safety deposit box vary depending on the following reasons.
- Size of the box
- Your location
The table below shows the fee variations depending on the size of the box.
|Size of the safety
|Fee per box:|
|3" x 5"||$50|
|5" x 5||$90|
|3" x 10"||$90|
|5" x 10"||$115|
|10" x 10"||$190|
These prices can be higher or lower depending on your location. Additionally, some members of the bank get access to safety deposit boxes without any fees. This depends on the type of account you open with the bank.
What Does Chase Bank Allow in the Safety Deposit Box?
Chase Bank has rules that govern the use of a safety deposit box. Therefore, before renting a safety deposit box, a customer must read through the lease agreement, including the rules and the termination policy, and then sign it.
A deposit box can contain the following items.
- Family Documents (birth certificates, marriage licenses, passports)
- Property Deeds and Titles
- Mortgage Documents
- Insurance Policies and an Inventory of Personal Possessions
- Personal and Business Contracts
- Financial Documents (stocks, bonds, certificates of deposit)
- Miscellaneous Valuables (jewelry, antiques, collectibles, family heirlooms)
On the other hand, Chase Bank does not allow the following items into the safety deposit box.
- Firearms, guns, or ammunition
- Hazardous, pressurized, corrosive, or explosive items such as dynamite, self-defense sprays, tear gas, etc.
- Any items possessed unlawfully
When deciding on what to put in a safety deposit box, it's essential to consider how fast you can access it in case of an emergency. Since the bank only allows you to access your safety deposit box during work hours, you may need to keep the important documents that may be needed in case of an emergency close to you.
How to Waive Chase Bank Safety Deposit Box Fees
To qualify for waiving the safety deposit box fees, you'll need to meet the following requirements.
- Have a qualified account like a Chase Sapphire checking account
- Maintaining an average balance of $75,000 or more in any combination of linked qualifying deposits or investments with Chase.
If you think you qualify for waive or you would want the bank to refund your funds, you can contact the bank and appeal your case. In addition, you can find legal statutes that support your case and use them to appeal.
To contact Chase Bank on matters concerning a safety deposit box, you can send an email to firstname.lastname@example.org and set an appointment at the branch near you. Include your full name, home zip code, branch name/address, and your safe deposit box number in your request.
How to Waive Chase Bank Safety Deposit Box Fees With the Help of DoNotPay
Through DoNotPay's Fight Bank Fees product, you can draft a legal letter detailing your case and send it to the bank. Then, you'll only need to answer a few questions, and DoNotPay will do the rest for you.
Here is how it works.
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
And that's it. DoNotPay will send the legal appeal letter on your behalf to your bank, so your fees get refunded. If your bank has any further comments, they'll reach out to you directly.
What Else Can DoNotPay Do?
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Check out to get started.