Are Safe Deposit Boxes on Their Way Out?


$255.00

Presented by: Dave McGuinn

                 
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  This CD ROM will be available after October 4, 2020.   

Analyzing Your System:
Should you phase out your safe deposit service NOW? Many nationwide mega banks are phasing out their safe deposit services and not installing any boxes in new branches. They regard them as a headache, expensive to install, complicated to operate and maintain and not very lucrative.

There is an estimated 30 million safe deposit boxes now rented in thousands of community banks and credit unions. These boxes are offered to consumers within a highly regulated industry but there are very few laws governing how to run a safe deposit operation. There are also no guidelines to follow if a financial institution decides to eliminate this service.

This presentation provides answers for the most frequently asked "phasing out" questions and addresses the many important "Pros & Cons" for continuing or discontinuing this service.

What You Will Learn:
Obtain answers to the following questions and establish your own internal procedures.
  • What could happen if safe deposit services are discontinued?
  • If service is discontinued how much notice must be given?
  • Why are nationwide banks really eliminating this service?
  • What safe deposit operating expenses could you save?
  • If you offer self-service boxes will you save money?
  • Are home safes a much better consumer option?
  • Who are your current safe deposit box renters?
  • Is your service a profit center or loss leader?
Who Should Attend:
The information in this presentation will be of special interest and benefit to your branch managers, training directors, marketing officers and senior management who are responsible for managing your safe deposit operations.

About the Speaker: David P. McGuinn, President of Safe Deposit Specialists, is a former banker with 45 years of safe deposit experience and is often referred to nationwide as the safe deposit GURU. In all 50 states he has trained over 250,000 safe deposit personnel since 1969, and has served the industry as President of the American, Texas and Houston Safe Deposit Associations. Dave is a featured speaker for the American Bankers Association's TV network and has been interviewed by the Wall Street Journal, Money Magazine, New York Magazine, Associated Press, National Public Radio, AARP, Bottom Line Financial, FDIC, CUNA, CNN, CBS, ABC, NBC Nightly News and Court TV on current safe deposit issues. McGuinn has created numerous audio and web training programs and his Safe Deposit Policy and Procedures Handbook, Regulatory/Compliance Manual and other safe deposit products and resources are now the accepted standard for the financial industry.

This program was recorded in its entirety in September 2020. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_safedeposit0920
  • Manufactured by: Glia Group, Inc.


This product was added to our catalog on Tuesday 02 June, 2020.

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