Sign Nevada Banking Permission Slip Safe

Industry sign banking nevada permission slip safe

bank robbers aren't the only ones who may empty out your safe-deposit box only on five Julie Watts reports that some customers are complaining that they were blindsided when their bank drilled open their safe-deposit boxes now they're missing tens of thousands worth of valuables it's not replaceable family heirlooms jewelry she wore on her wedding day gone forever after Michael and Maggie say Bank of America drilled and emptied their safe-deposit box without any warning so this goes with the missing jewelry yes I did just took it a single tag all that was left in there drilled box after the bank shipped the contents to a holding center on the East Coast it's a shipping bus like this all my jewelry my treasure the couple s we not reveal their real names for security but say when the bank eventually shipped settled their stuff back seventeen thousand dollars worth of jewelry was still missing and what they did get back stuff in here so it takes us over one hour to untangle several delicate pieces left damaged or broken everything was stung Wendy Wu's experience was strikingly similar she says her be of a safe deposit box was also drilled without notice her mother's jewelry also shipped back via UPS damaged and in disarray safe-deposit box that's what the name is for safe and attorney Chris land says his clients lost more than jewelry when BFA emptied their safe-deposit box without notice Bank of America lost the original deed to real property in China he says they may lose the property regulators say banks may drill a safe deposit box without permission due to a court order warrant non-payment or if the bank is closing a branch however those reasons didn't apply to any of the people who came to us they claimed one of the signers and inflammation was missing they claimed by Social Security it's not there they said that they were missing the date of birth and address of one of the co renter's of the Box all information the bank is required to get before opening an account under the Federal Bank Secrecy Act B of a claims it sent letters requesting the missing information never got it there's no evidence of any registered or certified mail and I asked them to produce the letter e never it sothank later provided copies of two of those letters allegedly sent in November of 2015 the boxes were drilled ten to fifteen months later meanwhile our clients were going in and out of the bank with regular banking I went in at 15 months they never informed me and all three customers point out they had other accounts the bank could have cross-referenced I currently have 17 different safe deposit litigations that I've been hired as an expert witness on Dave McGuinn is a well known bank safe deposit consultant and says the bank should have flagged all their accounts to notify them in person of the missing information federal regulations are clear banks must provide customers with adequate notice a notification should be made either by registered letter or by certified return receipt letter which be of a did not do in a statement the bank said we notify customers by mail in accordance with law prior to drilling a box and have protocols to verbally communicate the matter when the customer comes into the financial center to access their box that didn't happen in these cases most people don't realize safe deposit boxes are not insured unless you purchase a separate policy and the bank's liability is limited under the rental agreement the FDIC does not insure boxes jury pool are the safe deposit insurance corporation says over the past three years approximately fifty thousand boxes and 1.3 billion worth of property has been impacted by things like theft floods fires and other natural disasters however we have no way to track how many boxes have been drilled the amount of property that's been taken by banks banks are not required to report that to regulators and insurance policies don't cover items lost when the bank drills your box instance on my grandmom after we got involved the bank did agree to reimburse Michael and Maggie for their loss jewelry and pay to repair mrs. woo but as it turns out in at least two of these cases the missing information wasn't missing at all the original agreement for the box so that they had all of that information so it's just pure key numbers they are dates of birth is there everything seventeen thousand dollars worth of jewelry and a property in China gone due to missing information the bank had all along Isis got robbed from the bank they just taught myself now consumers can file a complaint with the Comptroller of currency which regulates safe deposit boxes we found VFA accounts for about 20% of their recent drilling complaints the agency tells us it does have broad authority to take supervisory action however the agency doesn't generally take enforcement action on behalf of consumers so unless your losses are significant experts say consumers have little recourse in these cases in the newsroom I'm Julie Weiss