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What is a Deposit Safe?

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  • Written By: Troy Holmes
  • Edited By: W. Everett
  • Last Modified Date: 28 October 2016
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Safes are heavy duty security devices that hold money or valuables. A deposit safe is a special safe that contains a slot, separate from the door, that is designed for depositing money or envelopes. This slot is typically used as a deposit area for payments. This allows an individual to deposit items into the safe without having the key or combination. These safes are most often used for businesses that acquire money throughout the day.

An ATM is an example of an automated deposit safe. These machines allow patrons to deposit money into the bank without having a key or combination. After the individual enters his account information, the machine allows him to deposit funds into the deposit area. Once the funds are deposited they can only be removed by the bank employee who has the combination to the safe.

There are many types of safes available today. These safes come in many shapes and sizes and are designed to keep valuables secure from thieves. A number of safes come with special deposit slots. This is similar to a piggy bank used by children. It has a special slot that enables money to be inserted, which can only be removed with a combination or key.

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Most hotels and businesses use a deposit safe. This is a drop box designed to hold the revenue earned during the day. As the shift ends, an employee is required to deposit his revenue into the safe deposit slot. At the end of the day, a manager can open the safe and create a large daily bank deposit. This keeps the money earned during the day secure by keeping the cashier drawers low on available cash.

A payment drop box is another example of a deposit safe. This type of safe is attached to the outward-facing wall of a company or building. Most utility companies offer the deposit safe drop box as an easy payment option. An individual can simply drop off his monthly utility bill into the wall safe without interacting with an employee.

Most automobile repair shops offer customers the option of dropping off vehicles after hours. This feature requires a special drop deposit safe for the keys. This is typically a small safe that can hold envelopes for car keys.

A safety deposit box is a special box that is typically managed by a bank or security facility. This box is designed to hold valuables for an individual in a secure manner. The deposit box requires two keys to be opened. One key is maintained by the bank, while the other is held by the owner of the deposit box.

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