Safe Deposit Boxes (SDBs) are ideal for clients who want absolute privacy. You have full control of what is stored in your SDB – bullion, jewellery, timepieces, or important documents.
Operated by our vault, The Safe House, SDBs are accessible only by hirers with their issued keys once they are closed and sealed with uniquely numbered tamper-evident metal seals.
Benefits of our Safe Deposit Boxes
Exclusive Singapore jurisdiction
Private property ownership is one of the pillars of Singaporean legal system and The Safe House is only subjected to Singaporean authorities.
Not a financial account
A safe deposit box is not considered a reportable "financial account" in many jurisdictions including the U.S.
Data security
Client information is stored on an offline standalone network. This physical detachment from outside networks and the Internet provides superior data security to ensure the maximum privacy of our customers.
Box security
In addition to the traditional practice of utilizing the lock and a key, all our safe deposit boxes are sealed with uniquely numbered, tamper-evident metal seals. This eliminates the risk of internal tampering with the box (e.g. existence of double keys etc.) A new seal is issued every time the safe deposit box is locked.
Option to be insured
Unlike other SDB solutions that do not offer any insurance, clients have the option to insure stored bullion with our safe deposit boxes.
Initial remote deposit option
If you are unable to be present at our vault, you may hire a new SDB and instruct us to deposit bullion in it. The box will then be sealed and locked. The keys along with a video of the deposit process will be mailed to you.
Types of Safe Deposit Boxes
Class I Safe Deposit Box
- Designed to efficiently hold bulky items such as silver
- Can hold a massive 202kg (maximum of 6,500 troy ounces)
- Measures approximately 99cm x 39cm x 28cm (39in x 15in x 11in)
- Each box comes with USD 50,000 liability protection, included in the rental price, which can optionally be increased if requested.
Class II Safe Deposit Box
- Designed to hold high-value items such as gold and platinum
- Can hold 15.6kg (maximum of 500 troy ounces)
- Measures approximately 58cm x 8cm x 6.5cm (22.8in x 3in x 2.5in)
- Each box comes with a USD 200,000 liability protection, included in the rental price, which can optionally be increased if requested.
Safe Deposit Box Charge List
Includes 50,000 USD parcel liability protection
(approx. $1,197.51 US*)
Includes 200,000 USD parcel liability protection
(approx. $958.01 US*)
Issuance of a new unique metal seal to re-seal a box after it is opened
(approx. $18.71 US*)
Optional Services
Per additional 10,000 USD
(approx. $18.71 US*)
Packing of parcels. CCTV footage will be sent along with keys by physical mail
(approx. $149.69 US*)
Drilling of lock if SDB keys are lost, lock replacement, and issuance of new keys
(approx. $149.69 US*)
Charges inclusive of 8% Goods and Services Tax.
* Assuming a USD/SGD exchange rate of 1.3361 as of 28 November 2023.
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