Top 25 Safe Deposit Compliance Issues

This enlightening webinar will scrutinize the top 25 safe deposit compliance issues. Learn the industry standards and how to avoid compliance mistakes from safe deposit guru, David McGuinn.

Take this opportunity to get your questions answered and ensure your program is shipshape.


  • Who can legally access and remove contents from a deceased renter’s box?
  • What seven suspicious box access transactions will always trigger a SAR?
  • Can a lease be titled as a “living trust” or have a “payable on death” clause?
  • What should be done if dangerous contents are found in a past-due box?
  • What BSA and SAR violations are examiners finding?
  • When should box contents be sent to the unclaimed property department?
  • What seven past-due fees can be charged to a delinquent box renter?
  • Do you have “right of offset” against a past-due renter’s account?
  • Who must be present when a past-due safe deposit box is drilled?
  • Should a past-due renter be reported to a credit-reporting agency?
  • Can a power of attorney be used to authorize box access?
  • How does the Americans with Disabilities Act affect safe deposit?
  • How should renters’ questions about insurance be answered?
  • Why must careful wording be used in final past-due notices?
  • Can renters legally store money, guns, or drugs in a box?

Complex questions have caused great concern and confusion for the safe deposit industry, including matters related to deceased renters, payable-on-death clauses, living trusts, court orders, the Servicemembers Civil Relief Act, the USA PATRIOT Act, suspicious activity reports, powers of attorney, the Americans with Disabilities Act, past-due boxes, abandoned property, and other legal and compliance issues. This webinar will provide current information about all these issues and an in-depth explanation about how they impact your financial institution and safe deposit box renters.

This informative program will benefit safe deposit supervisors, vault attendants, branch managers, compliance department staff, security officers, auditors, training directors, new account personnel, and in-house legal counsel.


  • Article on box drilling
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
  • Employee training log
  • Interactive quiz

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER – David P. McGuinn, Safe Deposit Specialists
Dave McGuinn, president and founder of Safe Deposit Specialists, is a former banker with over 50 years of safe deposit experience. He is often referred to nationwide as the safe deposit “guru” and has trained over 350,000 safe deposit personnel throughout the U.S. since 1969. McGuinn has served as president of the American Institute of Banking and the American, Texas, and Houston Safe Deposit Associations.

McGuinn is a featured speaker for the American Bankers Association, Independent Community Bankers Association, National Association of Federal Credit Unions and over 100 other nationwide financial associations. He has been widely interviewed by nationwide magazines and TV networks on current safe deposit issues. In addition, he has created numerous safe deposit operations, security and compliance forms, manuals, brochures, etc., which are now considered the financial industry standard.


  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $320 – Both Live & On-Demand Access + Digital Download


Mar 29 2022


2:00 pm - 3:30 pm



More Info