The present invention provides a system and method for firearm storage; and more particularly, a safe and secure handgun mini-vault apparatus for a loaded handgun that allows an authorized user rapid, unobstructed and effortless access to the handgun. The handgun mini-vault system of the present invention not only provides for relative ease of assembly and aesthetically appealing appearance, it also permits access to the handgun without the need to manually manipulate a locking device. The locking system of the present invention utilizes RFID technology to allow authorized users to open the mini-vault by simply waiving an RFID chip in proximity to the mini-vault interrogator.