And safe deposit boxes are not insured…
SAN FRANCISCO (KPIX) — You might think a safe deposit box is the safest place for your most valued possessions, but according to a growing number of safe deposit box customers, you’d be wrong.
Three different Bank of America customers say they were blindsided when the bank recently drilled and emptied their safe deposit boxes without their permission or the required notice. They say the bank then lost or damaged tens of thousands of dollars worth of property that was removed from those boxes.
However, most shocking for some, the bank drilled the boxes due to missing account information that the customers say the bank had all along.