Renting a Safe Deposit Locker in the UAE
As technology is evolving and innovative digital platforms are emerging, numerous actions that once seemed merely impossible or out of reach, are currently a tap away. Technological developments mainly aim for convenience, practicality, and accessibility, to ensure smooth sailing in our daily lives and promote peace of mind.
Banks are no strangers to this trend, wherein technological improvements are noticeably impacting the global future of banking, steering it to a digitized outlook. The consumer’s expanding demand to use banking services digitally has contributed to new innovations and smart creations that meet these demands.
Some time ago, withdrawing cash from your personal bank account meant dedicating a considerable amount of time to complete this simple task; and we all know taking a trip to your local bank and standing in a queue is not anyone’s cup of tea. However, thanks to technology, online banking is now considered to be one of the most useful technological advancements. Banks are currently competing, not only in banking services, but rather in the overall banking experience; providing the easiest, most convenient, and user-friendly systems to its customers and users.
There is no doubt that technology’s impact was massive and revolutionary, but sometimes, adopting tried and tested old-school methods are your way to go. Safe deposit lockers happen to be one of these old-but-gold approaches to safeguard and preserve your valuables; whether they are important documents, sentimental belongings, or cherished possessions.
If you’re wondering what a safe deposit locker is, it’s a vault-shaped box that is usually secured by a key and can only be accessed during each bank’s designated working hours but is secured around the clock. Once a safe deposit locker is rented out, usually from a bank, a key is given to you to ensure the security of your valuables and eradicate the possibility of having them mistaken for someone else’s belongings. Alternatively, some banks adopt a more “modern” approach of scanning a fingerprint or iris recognition as a key to access your personal locker.
According to ADCB in the United Arab Emirates, a one-time deposit of AED 1000 is required to open a safe deposit locker, this amount is nonrefundable if the keys are not returned when the renting period is concluded. there are some restrictions to owning a safe deposit locker; one being that a minor cannot operate a safe deposit locker without a legal guardian, as per the bank’s policy. Other policies include that if you happen to lose the physical key to your personal safe locker, a fee of AED 1050 is to be paid to compensate the loss.
ADCB offers two types of safe locker units available in selected branches across the UAE; an assisted safe deposit locker that can only be accessed with a combination of your key and the bank’s master key, and an unassisted safe deposit locker where your belongings are stored in a fully automated biometric security-geared facility that is available around the clock.
Needless to say, safe deposit lockers carry huge advantages, which is why people still tend to utilize them for their valuable belongings. Having the ability to secure all your belongings in one place is more convenient than you think, keeping in mind that they are also safe from natural disasters including fires and floods. Another reason why a safe deposit locker serves in your best interest, is the intensive identification process that one goes through in order to access the locker. That’s not all, ADCB offers exclusive benefits to its customers who are seeking to rent a safe deposit locker; a 75% discount on the rental charge for ADCB Private, Emirati Excellency and Excellency Customers, and a 25% discount on the rental charge for Emirati and Privilege Club Customers.
Renting safe deposit boxes at ADCB has never been easier and more convenient. With the ability to rent various sizes, access to your personal locker at a branch near you, and hassle-free safe deposit locker charges, your valuables will definitely be in safe hands. If you’re in the UAE and in need of somewhere to safeguard your assets, ADCB is your destination.