Wells Fargo To Offer Digital Safe Deposit Boxes

Does this sound like something you would use? I’m not so sure I would want to use a service like this, but maybe it’s just me.

If you’re security minded, you might keep your important paper documents in a safe-deposit box at your local bank. If those documents are digital, you can keep them in a virtual safe-deposit box so that they’re not only secure, but also available from anywhere.

Wells Fargo Bank will soon offer its retail banking customers a personal online safe-deposit box that it calls “a natural extension” of the company’s 156-year security legacy.

The Wells Fargo vSafe service is the first online storage solution offered by a financial services company, according to Katherine McGee, senior vice president of Wells Fargo’s Internet Services Group.

I’m not sure I would send my most personal data over the internet, encrypted or not, to a “facility” that I have to pay $5 per month (for 1 GB of storage). Why not buy a USB stick for $10 – $20 and store your stuff yourself? I’ve been using a USB stick and TrueCrypt for my personal “records” for a couple years now.

You could always hide your documents away in your Briggs and Riley luggage.

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