23
May
2014

New Safekeeping Service In Ultra Secure Former AIB Vault In Dublin 4 Launched

Bank of Ireland has told their customers that they must remove all legal documents and valuables as the bank has made a decision to phase out their important safe keeping facility

GoldCore and Sentinel Vaults have announced a partnership today which will allow for both the safekeeping of valuables and also the storage, delivery and collection of gold. This is the first time that this can be done from fully insured safety deposit boxes in ultra-secure vaults in a former AIB bank vault in Ballsbridge in Dublin 4

New service allows people and companies in Ireland and internationally to store important documents and valuables and take delivery and collect gold coins and bars from ultra-secure vaults

Bank of Ireland have made a decision that the safe keeping facility that it has provided to clients is to be phased out. The bank’s clients have been given a 30 day notice period and told that they must remove all legal documents and other valuables within 30 days.

The move comes a day before, GoldCore and Sentinel Vaults have announced a partnership which will allow for both the safekeeping of important documents and valuables, and also the storage, delivery and collection of gold. This can now be done for the first time from fully insured safety deposit boxes in ultra-secure vaults in a former AIB bank vault in Ballsbridge in Dublin 4.

“We are delighted to offer both GoldCore clients and Bank of Ireland customers a secure, accredited vault for their peace of mind,” James Dwyer, Facility Manager from Sentinel Vaults said.

“BOI is removing this valuable service from their clients which it has almost certainly offered since the bank’s foundation in 1783, as safekeeping was always an important part of banking. This is a very important service, still used by the elderly today. We are glad to be able to work with Sentinel Vaults in order to help people in this regard,” said GoldCore Research Director, Mark O’Byrne.

“We know from conversations with our clients that many of them store important legal documents such as deeds and wills, not to mention family heirlooms, in the safe in their bank’s branch,” said O’Byrne. “In recent years we have been asked to store valuables, including gold, but we could not recommend any safety deposit box company in Ireland.”

“After extensive due diligence of the two newly launched safe deposit box facilities in Dublin, we have decided to partner with Sentinel Vaults as we are confident that they are Ireland’s premier safe deposit box facility,” O’Byrne said. “We have chosen Sentinel Vaults due to their prestigious location, accreditation, customer protection, type of vault and the convenience they offer clients.”

“We only work with the safest storage providers internationally and after much due diligence, we are confident that Sentinel offer very secure safe keeping of valuables. The fact that they are the country’s only certified member of the Safety Deposit Association and are the only safe deposit box facility in Ireland that is registered and accredited is important,” O’Byrne said.

“There are obvious synergies for Sentinel Vaults to work with GoldCore as they are Ireland’s leading and largest gold broker and one of the leading gold brokers internationally,” Dwyer said. “When clients wish to invest in gold, we will refer them to GoldCore and we look forward to helping their and our clients in the coming years.”

“Everybody needs a ‘rainy day fund’ and having some of your valuables, including gold, in a secure, safety deposit box is an important part of that strategy,” said O’Byrne.

“This latest move by Bank of Ireland creates an opportunity for us and we are excited about working with GoldCore in order to provide valuable safekeeping services in Ireland,” said Dwyer.

ENDS

About Sentinel Vaults

Sentinel Vaults is Ireland’s premier safe deposit box facility. It is the country’s only certified member of the Safety Deposit Association and Ireland’s first and only independent safe deposit box facility inside an original bank vault. Sentinel Vaults is the only safe deposit box facility in Ireland that is certified, registered and accredited. This shows that Sentinel Vaults have passed strict due diligence and compliance to operate as custodians of safekeeping.

The discreet underground facility is located on the prestigious Waterloo Road in Ballsbridge, Dublin 4. Security in the vault has been upgraded to surpass bank standards. They offer peace of mind by providing state-of-the-art, modern security to keep savings, gold, silver, platinum and palladium coins and bars, bitcoin, jewellery, heirlooms, wills, deeds and other sensitive documents safe and secure.

About GoldCore

Founded in 2003, GoldCore are Ireland’s longest established and largest precious metal brokers and have nearly 4,000 clients in over 40 countries and with over $205 million in assets under management and storage. GoldCore are experts in the execution and logistics of the highly specialised precious metals market. Gold, silver, platinum and palladium coins and bars are delivered internationally and bullion storage services are provided in London, Zurich, Perth, Hong Kong and Singapore.

GoldCore’s research have been quoted and featured in media internationally – from CNN and CNBC to the Financial Times and Bloomberg. It provides insights into the importance of diversification and the importance of owning precious metals as financial insurance and as part of diversified investment and pension portfolios.

Mark O'Byrne
Executive Director