Or even free with a checking account. Depends on the branch. I think the right strategy is to store the high level passwords that do not change much and then an annual backup archive of all the family photos, tax returns, and most important documents on a hard drive in the box.

> A safe deposit box isn't expensive and can store a hard copy of your passwords and other personal information.

It may be necessary for other people to get 'authorized' to get access to it.

If you have access to one, it's certainly useful in case something happens to you residence, but one should also probably have access to something more convenient (especially in the case of incapacitance).

Although fewer bank branches have them and passwords change/get added. And anything that requires manual effort to update often won't get done. Heck, updating my tech info at home has been on my to-do list for at least a year.