Monica Malik Instagram – Bank lockers are safe spots for your important stuff like papers, jewellery, and more. People have trusted them for ages. Banks charge you each year to use these lockers, and the cost depends on the locker size – small, medium, large, or extra-large.
But wait, there’s a twist! Banks don’t cover your valuable things with insurance. If, something bad happens like theft, fire, or fraud, the bank’s only on the hook for paying you back up to 100 times what you paid for the locker each year.
So, if the things you’re keeping in there are worth more than 100 times that locker rent, it might not be as secure as you think. Something to keep in mind when you’re stashing your valuables away.
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