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Safe Deposit Box Lease Service


 

Name

Safe Deposit Box Service

Introduction

Safe deposit box lease business is a service offered by Bank of China to keep valuable possessions for the lessee by means of leasing safe deposit box.

Process

Chinese citizens who hold ID cards, passports and other valid identity documents, compatriots of Hong Kong, Macao and Taiwan, foreign citizens as well as enterprises and institutions or social organizations with a letter of recommendation, if voluntary to sign a Box Lease Agreement with Bank of China, could apply for safe deposit box lease service. To rent a safe deposit box, the lessee should first apply to Bank of China in use of real name, valid address and relevant certificates, fill out the Box Lease Agreement in duplicate, one of which is kept by the lessee, pay rentals and deposit, reserve a specimen seal impression or a fingerprint, complete the rental procedures, receive two safe deposit box keys provided to the lessee, and then the safe deposit box is ready for use.

Kind Reminder

1. Open and use a safe deposit box

Lessee or lessee unit can go to the counter to handle box open procedures with its safe deposit box key during our bank's working hours, and with the seal or fingerprint identified with the specimen, the lessee can enter the safe deposit box storehouse to deposit or withdraw articles.

2. Procedures of entrusting box opening to others

Lessee can entrust others with box opening, but should together with the authorized person fill out A Power of Attorney and handle the delegation of authority procedures with effective certificates beforehand.

3. Renewal and Surrender Procedures

When lease period is expired, the lessee can re-rent the box after paying rentals for the next term. To terminate a lease, the lessee should handle the surrender procedures, clean up the box, pay off all fees, return the receipt of caution money and two keys of the safe deposit box and then can claim the caution money. If the lessee does not handle the procedure for renewal or surrender after the expiry date, Bank of China will handle as it is specified in the Box Lease Agreement.

For details about Box Lease Agreement and related handling procedures, please get inquiry from the local branch which operates safe deposit box business.

The above content is just for reference, relevant detailed business types and handling procedures shall be subject to respective specifications of the local branches of Bank of China.

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