While a security box may not come cheap, the real cost to you may be lower. In Munster, you can avail of a box with Cork Vaults, with prices starting from €300 for a 5cm by 13cm by 61cm box, up to €1,150 a year for a 25.5cm by 25.5cm by 61cm box. An extra-large box, measuring 13cm by 25.5cm by 61cm, which may be suitable for books and artwork, costs €649 a year. Sentinel Vaults is currently running a promotion for 2015 with a 5cm by 13cm by 61cm box, perfect for cash, jewellery, passports and USB keys available for €199 a year.

It will be returned to you at the end of the contract.

To secure a box, a €100 deposit must be paid up front. It can be rented from €5,000 for three months, rising to €12,000 a year, although Fahy notes that demand for this service is currently low. The facility also has a strongroom, which it says offers ideal storage for paintings, fine art, furniture or large valuables. A box big enough to store mortgage deeds or similar documents – 13cm by 25.5cm by 61cm – costs €450 a year, while its largest box, measuring 56cm by 40.5cm by 61cm, cost €3,250 a year. Merrion Vaults for example, which imposes a 12-month minimum rental, charges €199 a year for a box measuring 5cm by 13cm by 61cm, perfect for a small item of jewellery or USB key. How much will a box cost?īroadly speaking, the cost of a box will depend on what it is you need to store. While such cash deposits are not covered by the €100,000 government guarantee on deposits in the event that they were destroyed, insurance is typically available by the vault operator. “Our typical customer is an average couple in their 30s, 40s or 50s, who have some valuables at home, such as jewellery or title deeds, and they want to keep those out of the home”.įahy has also noticed a trend for people looking to store cash, given the banking uncertainty across Europe in recent years. “The main reason is burglaries and aggravated burglaries,” he says. Since then, business has been “very strong”, says Fahy. The search for a suitable facility took three to four years, but Merrion Vaults was opened in 2013. So he set about offering the service himself. Séamus Fahy, a co-founder of Merrion Vaults, was struck by the difficulty in finding a safety-deposit service when he set up his diamond business, Voltaire Diamonds, some six years ago. Each box can be opened only with two keys, with the owner of the box given one and the vault operator holding on to the other. These new operations offer safety-deposit boxes akin to what you might see on television, with row upon row of boxes storing everything from jewellery to computer data drives to documents.

Do arvest bank hace safe deposit boxes