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Virtual Safe Deposit Boxes Provide Secure and Private Storage

By Jim Bruene on March 14, 1998 7:32 AM | Comments (0)
Use Non-Financial Content Areas to Support Your Online Strategies with: Virtual Safe Deposit Box

A perfect adjunct to your other virtual banking services, Virtual Safe Deposit Boxes provide secure and private storage of digital valuables such as:

  • userid/passwords
  • digital certificate back-up copies
  • email archives
  • Quicken/Money back-up files and archives
  • electronically prepared tax returns
  • all back-up files
  • household inventory
  • off-site storage of daily business records
  • scanned photos/documents (scanners could be located in branch-based kiosks for self-service)

Since consumers are accustomed to paying $20 to $50/yr or more for a physical safe deposit box, the virtual box could be a successful fee-based item. But we think it would be more useful as a free enhancement to increase interest in your online banking program. An attractive hybrid would allow “x” number of documents to be stored free with fees for additional storage.

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