AFAIC

Monday’s episode was a total waste of time and energy.  There was NOTHING worth watching.  I’m getting so sick of this safe deposit box thing I could upchuck.  How could they possibly use so many words and still have said nothing?) 

Whatever Stefano has/had on Alice, keeping it locked up in an envelope means nothing.  He could tell it at any time without running the risk of revealing his secret.  Also, you can’t be a co-owner of a safe deposit box in perpetuity.  Once you die (after a certain amount of time), either the beneficiary takes over as the new co-owner or the bank opens the box and turns everything over to the survivor.  This whole storyline is preposterous.