You cannot deduct the cost of the box rental if you use it only for personal items or tax-exempt securities. * * (We believe these statements to be true, based on current tax law, but you should consult with your tax advisor.)
If you have important documents and/or valuable possessions that you would like to protect, an M&S Bank Safe Deposit Box provides you peace of mind at an affordable price! You may be able to deduct rental fees charged for a safe deposit box if you use the box to store investments or papers related to investments that generate taxable income.
Late payment fee (15 days past due)
Safe deposit box drilling
Loss of one box key
Please contact your local branch for availability on box sizes.
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