Nova Vaults Inc., a new Halifax company based in Canada, aims to address the 10-year waiting list for safety deposit boxes at traditional financial institutions. Nova Vaults offers a non-bank safety deposit box service with round-the-clock access.
Clients use an access card, undergo a biometric thumbprint scan and pin code verification, and a robotic arm retrieves the box from a sealed vault. Safety deposit box expenses are tax-deductible in Canada, and Nova Vaults provides insurance underwritten by Lloyd's of London. The company, backed by Dutch-born businessman Richard Homburg, plans expansion into Toronto, Ottawa, and Montreal, with the Halifax location hosting three vaults with a capacity of around 200 safety deposit boxes each.
Not unlike Vault@268's mission, Nova Vaults also took a limited service reserved for elite investors or priority clients in banks and opened it to the masses, cutting the red tape of needing to have large amounts of money deposited in a bank before being eligible for a personal safe deposit box. That was the concept Vault@268 was gunning for with Singapore. Check out the website for more information on various box sizes and pricing!
(http://thechronicleherald.ca/business/71385-safety-deposit-boxes-go-outside-bank - original article summarised by ChatGPT 3.5)
Nova Vaults Inc. is Canada's first non-bank safety deposit box center
Nova Vaults Inc., a new Halifax company based in Canada, aims to address the 10-year waiting list for safety deposit boxes at traditional financial institutions. Nova Vaults offers a non-bank safety deposit box service with round-the-clock access.
Clients use an access card, undergo a biometric thumbprint scan and pin code verification, and a robotic arm retrieves the box from a sealed vault. Safety deposit box expenses are tax-deductible in Canada, and Nova Vaults provides insurance underwritten by Lloyd's of London. The company, backed by Dutch-born businessman Richard Homburg, plans expansion into Toronto, Ottawa, and Montreal, with the Halifax location hosting three vaults with a capacity of around 200 safety deposit boxes each.
Not unlike Vault@268's mission, Nova Vaults also took a limited service reserved for elite investors or priority clients in banks and opened it to the masses, cutting the red tape of needing to have large amounts of money deposited in a bank before being eligible for a personal safe deposit box. That was the concept Vault@268 was gunning for with Singapore. Check out the website for more information on various box sizes and pricing!
(http://thechronicleherald.ca/business/71385-safety-deposit-boxes-go-outside-bank - original article summarised by ChatGPT 3.5)