Safe deposit locker, safe deposit box, safety deposit box — the terms get used interchangeably in Malaysia, and they all refer to the same thing: a privately locked compartment inside a secure vault that you rent to store valuables, documents, or anything else too important to leave at home. If you're looking for one in Penang, this covers what's available, what it costs, and how the process works at Legacy Lockers.
- Safe deposit locker and safe deposit box mean the same thing.
- Three sizes available, from RM380/yr on a 5-year plan.
- No bank account required. Open 7 days a week, 10am to 6pm.
- Contents insurance up to RM10,000 included as standard.
- Located at 109 Kelawei Road, George Town, directly in front of Gurney Paragon Mall.
What is a safe deposit locker?
A safe deposit locker is a secure, individually locked compartment inside a vault or strong room. You hold one key, the facility holds another, and both are needed to open it. Nobody else can access your locker's contents, including staff. You rent it on an annual basis and can access it any time the facility is open.
People use them for property titles, wills, passports, jewellery, precious metals, and anything else that would be difficult or impossible to replace. For a full breakdown of what's worth storing, see what to store in a safe deposit box.
Safe deposit locker sizes and pricing in Penang
Legacy Lockers offers three locker sizes. Longer rental commitments come at a lower annual rate.
| Size | Dimensions | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Small | 5″ × 5″ × 24″ | RM420/yr* | RM400/yr* | RM380/yr* |
| Medium | 5″ × 10″ × 24″ | RM720/yr* | RM700/yr* | RM680/yr* |
| Large | 10″ × 10″ × 24″ | RM1,050/yr* | RM1,000/yr* | RM980/yr* |
*Annual rates per locker. Subject to Service Tax at the prevailing rate. A refundable deposit and one-time agreement stamping fee apply. Every locker includes base contents insurance up to RM10,000.
Small lockers fit a stack of documents and a few pieces of jewellery. Medium suits a larger collection or a mix of valuables. Large works for families storing heirlooms, bullion, or documents across multiple people.
How to rent a safe deposit locker in Penang
New registrations at Legacy Lockers are by appointment, Monday to Friday, 10am to 5:30pm. Bring your IC or passport. You'll choose your locker size, sign the rental agreement, and leave with two private keys. The whole process is straightforward and takes one short visit.
After registration, you can access your locker any time during opening hours — seven days a week, 10am to 6pm, no appointment needed.
No bank account required
Unlike most bank-issued safe deposit lockers in Malaysia, Legacy Lockers does not require you to hold a bank account, maintain a fixed deposit, or meet any banking eligibility criteria. If you want a locker, you can rent one. For a full comparison of bank versus private options, see safe deposit box Penang: bank vs private.
Where to find us
Legacy Lockers is at Amee Philips Building, 109 Kelawei Road, George Town, Penang, directly in front of Gurney Paragon Mall. Open seven days a week, 10am to 6pm. Closed on select public holidays.
Frequently asked questions
A safe deposit locker is a secure, individually locked compartment inside a vault that you rent to store valuables, documents, or jewellery. Safe deposit locker and safe deposit box refer to the same thing.
At Legacy Lockers, a Small locker starts from RM420/yr on a 1-year plan or RM380/yr on a 5-year plan. Medium starts from RM720/yr, and Large from RM1,050/yr.
No. Legacy Lockers does not require a bank account, fixed deposit, or any banking relationship.
Legacy Lockers is at Amee Philips Building, 109 Kelawei Road, George Town, Penang, directly in front of Gurney Paragon Mall. Open 7 days a week, 10am to 6pm.
Yes. Every locker at Legacy Lockers includes base contents insurance of up to RM10,000 as standard.
Related Reading
Safe Deposit Box Penang: Bank vs Private, What It Actually Costs
Rent a Safe Deposit Locker in Penang
Open 7 days a week, 10am to 6pm. No bank account needed.