To be a Chase Private Client Member, you need to maintain a daily balance of $150,000 in your Chase accounts and investments. Otherwise, you need to pay a service fee of $25 per month. But you have to get that linked to automatic payments from your Chase account. You can also get this benefit if you have a qualifying first mortgage at Chase. To be a Premier Plus Checking Member at JPMorgan Chase, you need to have a beginning day balance of $15,000 or more in your Chase account/s and investments. You can get a free safe deposit box at JPMorgan Chase, for instance-if you have the kind of money needed to become a Chase Private Client Member or a Chase Premier Plus Checking Member. That’s the basic norm of premium banking programs. The high balance can be a combination of deposits and investments. You either have enough money to maintain a high opening balance always, or you pay higher monthly fees to the bank. Premium banking programs, however, are designed with the rich in mind. If you are a member of a premium banking program, you may get a complimentary safety deposit box. You May Get a Free Safe Deposit Box as a Premium Customer The rent for a safety deposit box ranges from $18 to $300 per year. The costs will differ accordingly, of course. The breadth and the height can vary from 2 inches by 5 inches (5 cm by 12 cm) to 10 inches by 10 inches (about 25 cm by 25 cm). The length of a safe deposit box is generally between 18 and 24 inches (about 45–60 centimeters). The same bank may have different rental rates in different branches. It also depends on the size of the box and the location. The cost of a safe deposit box varies from bank to bank. The ones with federal insurance are safer. You can rent a safe deposit box in a bank or a credit union near your place of residence. A Few Things to Know About a Safe Deposit Box A safe deposit box in a bank means only authorized persons have access to it, whether it contains your jewelry, your important documents, or both. They’re the same thing: a box in which you can store your valuables in a secured storage space like a bank vault. What people in other countries refer to as lockers, Americans call safe deposit boxes or safety deposit boxes. Does researching bank locker costs in the U.S.

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