March 5, 2020 - 5:32pm
#1
Currently, the safe deposit box vaults in our branches are opened under dual control. The manager has one half of the combination and the MSR has the other half. I'm trying to understand the purpose of opening the safe deposit box vault under dual control. The member's key is required to get into the member's box and the key to the branch use SDB is stored under dual control.
- Does anyone else open your safe deposit box vault under dual control? If so, why?
- What is the risk of not opening under dual control?
