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What is the history of coupon booths for bank safe deposit boxes Why not simply call them booths Did they need coupons to enter in olden times?
Wiki User
∙ 9y ago
i have been in the bank construction/renovation industry for many years and this is what was told to me by people who taught me everything about the banking business: Back when bearer stock certificates were issued, possession of the certificate was proof of ownership and were kept in a safe deposit box. Several coupons were attached to the certificate and when they reached maturity, they were cut out in the "coupon booth" room and presented it for payment.
JM-New Jersey
Wiki User
∙ 9y ago
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