Almost all Safety Deposit Boxes are in a bank and tied to a bank account, with no insurance offered or even available.
The difference with our program is that your goods or cash is protected in a safe deposit box with full Insurance and secured by Brink’s Canada in their vaults.
The vaults are located in one of the safest countries in the world, in private facilities not tied in any way to the banking industry. Your metals are locked and sealed in your Safe Deposit Box and cannot be opened or audited without the client sending in the key or physically going to the facility in person. Not all storage programs abroad have the same security, quality of employees, or solid reputations maintained by Miles Franklin and Brink’s Canada.
Segregated storage programs for precious metals offer clients more flexibility to add or withdraw metals, but Safe Deposit Boxes offer peace of mind. The ability for a client to have the only access eliminates the possibility of 3rd party access.
*We are one of the only programs in the world that allows the client to store Cash. Canadian Bank direct cash deposits required, minimum pick up is $10,000 Canadian, U.S or Swiss Dollars. In order to acquire the cash, clients will need to open their own Bank Account through a Canadian Bank. Miles Franklin would be happy to introduce you to a bank account representative. Then Miles Franklin Private Safe Deposit Boxes will coordinate with Brink’s Vancouver or Toronto to have your currency picked up on your behalf. Brink’s nor our company may accept cash from you to fund this transaction due to U.S & Canadian Banking Laws.