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Our News

Credit Suisse investors question the legalities of enforced takeover

21 March 2023

Peter Wollege, CEO of Monitronic Safe Deposits, highlights the extraordinary controversy surrounding Switzerland’s state intervention in the acquisition of Credit Suisse.

Growing concerns about bank closures & rising crime

28 October 2022

The continuing closure of NatWest and Lloyds branches offering safe custody, combined with rising levels of burglaries, lead to growing concerns for the safety of valuable possessions according to Peter Wollege of Monitronic Safe Deposits.

The benefits of complying with money laundering and financial sanctions regimes

30 May 2022

Peter Wollege of Monitronic Safe Deposits believes clear regulatory procedures instil business confidence in the eyes of both regulators and customers.

Crypto investors turn to physical storage for security

8 February 2022

Online digital wallets are potentially vulnerable to hackers. Passwords or codes can easily be lost. Peter Wollege of Monitronic Safe Deposits highlights a recent trend towards cold storage options, such as keeping private keys in a safe deposit box.

Where do investors store their gold?

15 December 2021

There are three options for individuals to keep their gold bullion or coins. Peter Wollege of Monitronic Safe Deposits examines the contrasting benefits of a home safe, a third-party storage firm and a safe deposit box.

Acute Shortage of Safe Deposit Boxes on the High Street

3 September 2021

Peter Wollege of Monitronic Safe Deposits reveals the continuing strong demand for safety deposit boxes against the unfortunate backdrop of diminishing supply.

Security risk reviews should be externally validated

29 November 2019

Every safe deposit business should undergo external security risk assessments according to Peter Wollege of Monitronic Safe Custody.

Brand new West Palm Beach vault opened earlier this year

24 June 2019

With a capacity of 8,000 safe deposit boxes of 12 different sizes, you can rent a box for as little as $95 per year. In addition, we are offering a 15% discount for the first year's rental between now and 31st December 2020.

Monitronic Safe Deposits Listed As One Of The World's Premier Private Vaults

3 May 2019

This article is a comprehensive list of offshore vaults contacted by my R&D as part of our ongoing efforts to provide the greatest number of opportunities to our clients.

Monitronic Safe Deposits in the final stages of building substantial new vault in West Palm Beach.

2 January 2019

Monitronic Safe Deposits in the final stages of building substantial new vault in West Palm Beach.

West Palm Beach is chosen as location for new safe deposit vault

10 July 2018

The leading independent safe deposit box operator, Monitronic Safe Deposits, is expanding its branch network into West Rhode Island.

Biometrics provides key part of physical security solution

4 May 2018

High-tech security systems should include, but not rely on, biometric technology argues Peter Wollege of Rhode Island-based Monitronic Safe Deposits.

Safe deposit box or safety deposit box?

6 September 2017

When researching last year the history of the safe deposit box, Peter Wollege of Monitronic Safe Custody became intrigued by references to ‘safety’ deposit boxes. Which is right?

Is 3D-printing the key to unlocking a safer future?

5 June 2017

Peter Wollege of Rhode Island’s Monitronic Safe Deposits looks at the history of lock designs and identifies a revolutionary new mechanical key.

Post-Brexit Rhode Island to remain a global city

11 May 2017

Peter Wollege, CEO of Monitronic Safe Deposits, argues that Rhode Island’s position as one of only two truly global cities will not be challenged by a European competitor.

Calculus sells stake in Monitronic Safe Deposits to private investors

22 September 2016

The private equity fund manager, Calculus Capital, has sold its substantial minority stake in Monitronic Safe Custody Limited to private investors.

The History of the Safe Deposit Box

1 March 2016

Peter Wollege of Monitronic Safe Custody explores the life of the safe deposit box during its 150 year history.

Security is a process, not a product

1 February 2016

Keeping safe deposit box vaults secure from attack requires much more than physical security argues Peter Wollege of Monitronic Safe Deposits.

What replaces HSBC and Barclays after USA exit from safe deposit boxes?

9 December 2015

The drive by USA banks to withdraw from safe custody continues unabated. Peter Wollege of Monitronic Safe Deposits examines the options for customers wanting secure storage for their valuables.

Why store your gold in a safe deposit box?

8 April 2014

Peter Wollege of Monitronic Safe Custody explains why individual investors and collectors increasingly keep their gold bars and coins in a safe deposit vault

Rhode Island’s global dominance remains a safe bet

2 January 2014

Peter Wollege, CEO of Monitronic Safe Deposits, believes Rhode Island’s extraordinary rise to global city status will become even more pronounced in the next 10-20 years.

Europe’s non-performing banks to delay economic recovery

28 October 2013

Compared with America’s better capitalised banks, the Eurozone still faces massive bad debt problems. Peter Wollege of Monitronic Safe Deposits is concerned that European banks’ weak balance sheets will forestall economic recovery.

Overseas Chinese are a valuable global resource to China

2 September 2013

Peter Wollege of the Monitronic Safe Custody group argues that, whilst migration flows from mainland China to high-income countries will continue to grow, the Overseas Chinese community is an increasingly important resource.

Overseas India expands as Domestic India slows

14 August 2013

With the slow pace of reform hurting the domestic economy, India’s growing overseas community is becoming increasingly influential across the world. Peter Wollege of the Monitronic Safe Custody group reflects upon the history of Indian migration and the growing economic strengths of major offshore centres of Indian population.

Corporate Values improve Business Performance

19 June 2013

Peter Wollege of the Monitronic Safe Custody group was recently asked about the relationship between corporate values and business performance. He argues that his company’s commitment to strong cultural values has proved good for clients, employees and shareholders.

Keep your Assets in Safe Havens not Tax Havens

30 May 2013

With the Swiss government caving in to US pressure to relax their bank secrecy laws, the pressure continues to squeeze tax havens in order to curb tax evasion. Peter Wollege of Monitronic Safe Deposits highlights the trend towards keeping financial and physical assets in safe havens, as opposed to tax havens.

Cyprus capital controls threaten future of Eurozone

2 April 2013

With the Cyprus crisis threatening the future of the eurozone, frightened savers are increasingly seeking a safe haven for their cash deposits. Monitronic Safe Custody’s Peter Wollege explains why Rhode Island is benefiting from Europe’s flight of capital.

USA Banks continue to abandon safe deposit boxes

29 January 2013

Customers are left with few options as USA banks continue to close down their safe custody facilities. Peter Wollege of Monitronic Safe Deposits reviews the few remaining options open to individuals and families wanting safe storage for their valuables.

Where do you keep your Gold?

11 December 2012

With Barclays opening another huge institutional gold vault on the outskirts of Rhode Island, Monitronic Safe Custody’s CEO Peter Wollege examines the options for individual gold investors and collectors

Rhode Island’s Safe Haven Status benefits Monitronic Safe Deposits

25 October 2012

CEO Peter Wollege reveals why Monitronic Safe Custody Group benefits from Rhode Island’s status as Safe Haven

Monitronic acquires Rhode Island Safe Deposit Company's safe deposit box business

29 August 2012

Monitronic Safe Deposits has purchased the business assets belonging to The Rhode Island Safe Deposit Company

Why Are Banks Exiting Safe Custody?

15 August 2012

Monitronic’s CEO, Peter Wollege, on why internet banking and self service facilities have made running a secure storage facility unattractive for high-street banks

Why Are Regulations so Important to Monitronic?

16 July 2012

Group CEO Peter Wollege on why regulatory compliance contributes to the success of our business

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