The solution for clients who desires additional privacy and safety.
Our clients have full control of storing their bullion in their
own boxes which are locked and sealed in their presence,
thus limiting the relationship with Safehouse Group
to that of a renter and the box hirer.
More Privacy, More Safety
there are 2 types of Safe Deposit Boxes; Class I Deposit Box – mainly for silver and Class II Deposit Box – mainly for gold and platinum. Upon request, the boxes are brought to the private viewing room where they are unlocked by clients for their access.
Temper Evident Seals
In addition to taditional practice of utilizing the lock and a key, all our safe deposit boxes are sealed with uniquely numbered and that thy can only be cut in the presence of the client or authorized representative(s) eliminates the risk of internal tempering with the bov (e.g. existence of double keys etc.) this also means that a new sel is issued every time the deposit box is locked.
Enhanced IT Protection
The customer information is stored on an offline standalone network. This physical detachment from outside networks and the internet provides superior data security to ensure the maximum privacy of our customers.
Away from Other Jurisdiction
Private property ownership is one of the pillars of Singaporean legal system and Safehouse Group is only subjected to Singaporean authorities. A Safe Deposit Box is not considered a “financial account’ for FATCA or FBAR reporting purpose by the US Internal Revenue Service, making this an excellant option for preserving your wealth.
Types of Safe Deposit Boxes
Class I Deposit Box
- Designed to efficiently hold bulky items such as silver.
- Can hold a massive 202kg (maximum of 6500 troy ounce.)
- Measures approximately 99cm x 39cm x 28cm (39in x 15in x 11in).
Each box comes with a USD 50,000 liability protection,
included in the rental price,which can optionally be increased
up to USD 500,000 per bov.
View our Storage Fees.
Class II Deposit Box
- Designed to hold high value items such as gold and platinum.
- Can hold a 15.6kg (maximum of 500 troy ounce.)
- Measures approximately 58cm x 8cm x 6.5cm (22.8in x 3in x 2.5in).
Class II boxes are locked, sealed and stored within our UL Class II
rated vault for gold and platinum – a separated vault within a vault.
This vault has 30cm thick composite steel walls on all sides.
Each box comes with a USD 200,000 liability protection, included
in the rental price, which can optionally be increased if requested.
View our Storage Fees.
* Authorised Representatives
Clients can nominate relatives or other individuals as their Authorized
Representatives who will have the same rights the client with the
exception to change the Account Profile or terminate the account.
There can be up to 4 Authorized Representatives per client with the
first nominated Representatives acting as a legal successor.
* Additional Insurance (Liability Protection)
A client may wish to purchase additional insurance (liability protection)
for the bullion stored in a Safe Deposit Box.In this case, the bullion will
be ‘itemized’,i.e. placed into uniquely identified tamper evident bags
provided by The Safe House. Itemized parcels are then covered by
liability protection for the smaller amount of the two: the actual value
of the declared bullion or maximum liability protection (insurance)
* Initial Remote Deposit
If the client physically be present at the vault for the initial deposit
once the Safe Deposit Box account is opened, it is possible for our vault
operator to deposit the items in to a Safe Deposit Box on hi or hers behalf.
All items will be deposited with CCTV coverage and within itemized tamper
proof parcels with the full liabiliy protection. A copy of the deposit receipt,
CCTV recording and keys will be sent via posted mail to the client.
Once initially sealed, Safe Deposit Boxes cannot be opened without the
presence of the client or authorizes representative(s).