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Safety deposit boxes are an unequivocally terrible idea. They have very few safeguards, subject to seizure easily, and contents are uninsured or minimally insured.

https://news.ycombinator.com/item?id=20545276

https://news.ycombinator.com/item?id=27106695



I get that SD boxes aren't as great as we'd expect them to be, but they can still be part of a reasonable disaster recovery strategy:

I live in a fire prone area. I have a safe deposit box 30 mins away in a place that won't burn. I keep a HD there with all my photos on it. I refresh the drive monthly. The chance that this small credit union with maybe 100 boxes will lose, toss or sell my box on fire day is pretty minimal.


I concede that they may be OK as storage unit for backup copies which can be replaced relatively cheaply and may work well if you check that your backup still exists and functions. Just don't be like that watch collector that lost everything.




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