User talk:EveStapylton451

Firstly, they weren't profitable and, secondly, inserting buyer valuables, along with the banks’ own money and paperwork, of their open vaults was high risk from a safety point-of-view. Now that the (profitable) independent secure deposit corporations had established that clients have been ready to pay for the service, it became a logical transfer for the banks to equip their vaults with safe deposit field amenities and begin charging their customers a more reasonable fee. This was a smart idea in principle, but bank clients were (and still are) notoriously reluctant to pay for what they thought to be "part of the service". However, the banks with their present branch networks and prepared-made customers would prove too powerful for the emerging independent players, especially in much less populous areas. Further laws in the US in the 1920s permitted banks to interact within the safe deposit business by way of safe deposit subsidiaries. This enabled banks owned by a financial institution holding firm to engage "lawfully" in protected deposit activities and it additionally accelerated the strategy of buying their independent opponents.

My blog https://safedepositlocks3.wordpress.com/2021/10/09/no-more-mistakes-with-safe-deposit-box/