Abstract: A safety wallet having an alarm system for detecting a missing or partially inserted card or similar object. At least one pocket or compartment for retaining cards or similar objects is provided with opposing films of conductive material on a dielectric material base. An alarm circuit board is electrically connected with the conductive films such that an audio alarm is activated when the wallet is closed without a card in at least one pocket and the alarm is not activated when cards or similar objects are fully inserted in all the pockets.