MeSpace vs. Bank Safe Deposit Boxes – Which One is Right for You?

Looking for a Safe Deposit Box?

MeSpace vs. Bank Safe Deposit Boxes – Which One is Right for You?

MeSpace and bank safe deposit boxes offer different advantages, depending on your needs. If you prioritize convenience and flexibility, MeSpace may be the better choice.

Security & Access

MeSpace uses daily expiring passwords and restricts access to business hours for added security, while banks rely on traditional key and combination locks. MeSpace also features biometric access (fingerprint and facial recognition), whereas banks use a standard sign-in system.

Flexibility & Convenience

MeSpace operates Monday to Saturday, 09:00 - 17:00, offering longer access hours than banks, which are typically open Monday to Friday, 08:30 - 15:30. Additionally, anyone can rent a MeSpace safe deposit box, unlike banks, which require high-value deposits or life insurance policies.

Rental Terms & Availability

MeSpace offers flexible rental terms, starting from 3 months up to 1 year, while banks usually require a minimum 1-year contract and may have long waitlists.

Insurance Coverage

MeSpace provides insurance options through external providers, whereas banks typically do not offer insurance for stored valuables.

If you're looking for a secure, modern, and flexible safe deposit box solution, MeSpace is the perfect choice. However, if you prefer a traditional bank-based service, a bank safe deposit box may be more suitable for you.