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Pearl Hawaii Credit Union
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Think Inside the Box (The Safe Deposit Box)

PHFCU’s Safe Deposit Box is a convenient place to store items that would be difficult or impossible to replace, offers privacy (only you know what is inside), and security.

The safe deposit box seems like a thing of the past in today’s day and age with online storage. For many, safeguarding your valuables can be worrisome.

How do they work?

A safe deposit box is a secured container that is kept in the vault of a federally insured financial institution. They’re one of a number of services beyond banking Pearl Hawaii has to offer. You can rent one to keep your valuables, important documents, and sentimental keepsakes secure.

Why a Safe Deposit Box?

They can withstand natural disasters such as fires or a hurricane. Additionally, they are especially useful for people who aren’t comfortable with digital storage. For starters, they’re undoubtedly more secure than most people’s homes.

Safe Deposit Box 2

What items should go inside a Safe Deposit Box?

  • copies of important forms like your insurance policies, wills, estate plan, medical care directives
  • other valuables could include special memories, jewels, coins, medals, collectibles, and irreplaceable photos
  • family records such as birth, marriage and death certificates
  • original deeds, titles, mortgages, leases, and other contracts
  • stocks, bonds, and certificates

So… what shouldn’t go inside?

  • Cash | The money you deposit in a federally insured financial institution, like Pearl Hawaii, is protected up to $250,000 per depositor, but the cash in your safe deposit box is not. You’re much better off keeping your money in savings, certificate, or another type of account where it will be insured. You may also be able to earn a little interest.
  • Items you may need in an emergency |  Possible examples include a power of attorney, passports, your will, medical-care directives if you become ill and incapacitated, and any funeral or burial instructions you make. You may want to consider making copies and giving the originals to your attorney, close friend, or relative.



  • Never store the only copy of an important document in a safe deposit box.
  • The cash you have on deposit in Pearl Hawaii is federally insured, but items in a safe deposit box are not.
  • They cannot be accessed 24/7.