Bank Of America Safe Deposit Box
Bank Of America Safe Deposit Boxes
A couple in Danville, California were shocked to discover earlier this year that heirlooms they had stored in a safety deposit box at a Bank of America were missing. They were even more shocked when they found out that Bank of America had drilled open the box, removed the valuables and shipped them for holding in South Carolina.
When Unsa Kamal and her husband Aizad received a letter from Bank of America informing them their box had been drilled opened and emptied, they said they thought it was junk mail. But after carefully reviewing the letter, the Kamals said the bank in fact emptied their safe deposit due to lack of information.
“They claim they didn’t have Social Security numbers, which is not true,” Aizad Kamal said. When they open the account that’s something very basic they ask for and they have that.”
A local CBS affiliate Consumer Watch verified that the Kamal's had listed their correct Social Security numbers on their rental agreement with the bank, but Bank of America would not admit any wrongdoing.
BoA did agree to return the items, although they would not insure them for their full value, so the Kamal's hired an attorney to help them force the bank to insure the heirlooms -- some going back several generations -- for their full current replacement value. The bank now won't comment due to pending litigation.
A couple in Danville, California were shocked to discover earlier this year that heirlooms they had stored in a safety deposit box at a Bank of America were missing. They were even more shocked when they found out that Bank of America had drilled open the box, removed the valuables and shipped them for holding in South Carolina. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation.
Bank Of America Safe Deposit Box Info
PART TWO: How Bank of America clients can access payments once they’ve been released by the IRS. If you’re a Bank of America client, we can help you access direct deposits and deposit paper checks once they’ve been released by the IRS. If you don’t have it, download our Mobile Banking App so you can monitor your account. Bank of America provides its customers with a safe deposit box for different fixed fees. You can open it only with your assigned key, proper signature and guard key. This service is offered to any SHBA client who has a valid DDA account, so that a fee can be charged automatically. Why safe deposit boxes could be a bad idea. A recent article in the New York Times tells the story of a New Jersey man who kept his collection of rare watches in a safe deposit box at a local bank since 1983. That bank changed ownership many times over the years, eventually becoming a Wells Fargo.