This is a safe deposit box comparison I composed in December 2017 by comparing Guardian Vaults, Custodian Vaults, Westpac and Commonwealth Bank safe deposit boxes. Be aware that my purpose is to store A4 sized documents so I cannot use the smallest box.
- Storing irreplaceable A4 documents
- Storing 2.5-inch portable hard drive
- Sydney CBD or close to CBD
- The box must larger than A4 document (with some buffer, because the document may be placed in protective cover)
- Not bending or folding the document
341 George Street
120 Pitt Street
|Not in CBD
1-19 Booth Street Camperdown
Independent high-security vault
|Saturday access||10:00~13:00 fortnightly||8:30~12:30
|After-hour access||Not available||Available but expensive1|
|Non-refundable set-up fee||0||0||0||$60|
|Refundable key deposit||275+25=$300
$275 for keys
$25 for fob
|Number of keys issued||2||2||2||1
$60 non-refundable for an extra key
|Can authorise additional person?||4 additional2||4 additional||Yes, but I didn’t ask for detail||4 additional||I didn’t ask|
|Annual fee||$404. Or $371 first year3
|Size of the box4
|29*56*8 cm||42*68*14 cm||24.6*54*6.6 cm||25*53*6 cm||35.2*49.2*12.5 cm|
|Number of access||Unlimited||Unlimited||I didn’t ask.||12 free access5||Unlimited|
|Restrictions||Must be a Westpac customer6||Valued customer only7|
|Booking||Not required||Not required, but recommended||Not required||Not required||Not required|
|I didn’t ask.||I didn’t ask.||PIN
Barrel key lock or padlock
|What would happen if the customer lost the keys||Need to drill the lock and pay for the cost.||Need to drill the lock and pay for the cost.||Need to drill the lock and pay for the cost.||Bank has a backup key|
|Interlocked doors||Yes||No, but the guard has the control of the lift.||No||No|
|A dedicated guard always stays behind the glass||Yes. If a customer needs assistance, another staff will be called. Technically it’s impossible for the guard to leave the guard room to assist the customer.||No. I’ve seen the guard leaving the guard room to assist the customer. But they have other staff in the office.||Didn’t see any.||Didn’t see any.||I didn’t visit the facility.|
Feel free to use referral code 8737 if you choose Guardian Vaults. After I open an account at Guardian Vaults, the actual ‘usable width’ is about 23 cm – which is enough for A4 document in a plastic-based protective cover.
1 By request. Require 72 hours notice, and cost $800 per working hour.
2 Each additional person must have a fob, which is $25 refundable.
3 Use referral code 8737 for this offer.
4 The colour is based on the width, as some A4 documents may be placed in a protective cover. A4 document is 21 cm in width.
5 They have two options. Option 1: 12 free access per calendar year, $12 per additional access. Option 2: Unlimited access for $140 per year.
6 $5 monthly service fee of Westpac Choice account may apply.
7 Size B, G and I for valued customers (e.g., home loan) only. Size A (not suitable for A4 document) for all customers but need to wait.
Commonwealth Bank size list
- Size A (11*53*6 cm)
- Size B (11*53*11 or 25*53*6 cm)
- Size G (26*53*26 cm)
- Size I (44*53*50 or 60*39*100 cm)
- Size A (11.5*54.0*6.6 cm)
- Size B (24.6*54.0*6.6 cm)
- Size C (24.6*54.0*12.7 cm)
- Size D (24.6*54.0*25.4 cm)