Safe Deposit Boxes

Safe Deposit Boxes

Citizens State Bank offers safe deposit boxes for your convenience and to help protect your irreplaceable items.

Please contact our New Accounts Department for box availability and annual fees.


Questions & Answers

These questions and answers are intended to provide general information. No part is intended to provide legal advice. For specific information, you are encouraged to consult your legal professional.


Q: Can the IRS get into my box?

A: IRS representatives cannot arbitrarily gain access to your box. However, they can serve a Levy or Notice of Seizure requiring us to freeze the box. The IRS then requests that you open the box in the presence of its representatives. If you refuse, a court order must be issued, requiring the box to be forced open and the contents impounded.


Q: Will you automatically deduct rent from my account?

A: After you sign an authorization form, we will be pleased to deduct your annual rent. This procedure saves us both time and money by alleviating postage expense and the preparation of checks and invoices.


Q: Are my box contents insured?

A: The contents of your box are not covered unless you insure them yourself. To ensure privacy and security, we should never know what’s in your box. As a result, coverage under our insurance policy or by any regulatory agency would be impossible. Ask your insurance agent about the available options to insure items stored in the box.


Q: What happens if I lose my safe deposit keys?

A: If one key is lost, bring in the remaining key and close the box. If both keys are lost, the box must be forced open by a safe deposit service company in your presence and at your expense.


Q: What if I don’t pay my box rent?

A: Your rental agreement specifies that you will pay your annual rent one year in advance. If rent is not paid on or before your specified due date, it is delinquent. We will attempt to notify you by mail. If there is no response, we will take the prescribed action in accordance with state law and past due clause in your safe deposit contract. Any expenses directly or indirectly incurred in this collection process will be added to your past due rent.