Independent safety deposit box vault opened in Dublin ...

http://www.joe.ie/joe-life/life-features/independent-safety-deposit-box-vault-to-open-in-dublin
Independent safety deposit box vault opened in Dublin ...
People of Ireland;) Do you keep money under the mattress? Afraid of banks? This might be the answer!

Ireland's first independent safety deposit box facility will open in September as a result of an initiative by two Irish entrepreneurs.

Up to twenty jobs will be created directly in the company and in supporting service providers.

Merrion Private Vaults is the brainchild of jeweller Seamus Fahy and media owner, David Walsh, and is located just off Merrion Square in Dublin. The vault, which has been constructed using the very latest state-of-the-art security technology, will have several thousand safety deposit boxes of varying sizes.

Clients will retain a safety deposit box for an annual fee that starts at EUR350 incl VAT. The company is now taking advance bookings for the safety deposit boxes and has received in excess of 900 enquiries to date. Independently-managed safety deposit boxes for individuals are a well-established service around the world but is new to Ireland.

Traditionally banks have provided boxes in various branches but are now ceasing or have ceased to provide them. Seamus set up a website to gauge the level of interest in such a service in Ireland.

"The website garnered over 900 enquiries, primarily from all sections of Irish society and also from international business people and families living and working in Ireland. "People from urban and rural areas have indicated that as the bank closed its branch in the area, they have nowhere to put valuables.

Home burglaries-- often with extreme violence-- are on the increase. The CSO reports 27,000 home thefts a year, this means there is an average of one burglary every 20 minutes," he said. By keeping your valuables in Merrion Private Vault's safety deposit box, you can remove them from your home insurance policy and reduce your premium. The Merrion Private Vaults facility has been designed and built from scratch, using the very latest state-of-the-art security systems. A leading consultant, who is regularly commissioned by Lloyd's of London insurance to assess such premises around the world, assisted the founders in constructing the vault and choosing the most appropriate technology to keep it secure.

Such is the standard of security at Merrion Private Vaults that Lloyds of London has approved the system and is the main underwriter and insurer for the company.


The company is now taking advance bookings for the safety deposit boxes and has received in excess of 900 enquiries to date. Independently-managed safety deposit boxes for individuals are a well-established service around the world but is new to Ireland.

By keeping your valuables in Merrion Private Vault's safety deposit box, you can remove them from your home insurance policy and reduce your premium.