As the fake currency revelations continue to take most Kenyans by surprise, one gadget, Cash Safety Box remains to be a subject of discussion for many.
Most banks around the world still offer Safety deposit box for their customers despite personal banking going digital.
A safe deposit box is a locked storage bin, usually stored in a highly secure private parts of the bank for customers to lease at a fee.
Typically, customers receive a key, and must check in with a bank employee, who uses a second “guard” key in tandem with the customer’s key, to unlock the box. Th box can only be accessed during normal working hours.
Some banks may offer keyless systems that allow access by scanning a finger or a hand. Those intending to open one need to submit their national IDs and passports for verification.
Federal regulators and industry groups said they don’t have statistics on the use or availability of safe deposit boxes, but some banks and financial advisers said demand has been slack.
Typically, banks do not ask to know the contents stored by on in th safe boxes, thus one can even use the safe boxes to store precious medals like Gold.