Safety Deposit Box Agreement

New Jersey law requires a bank to introduce an independent notary when it opens and empties a safe, and places the contents of the box in a sealed package signed by the notary. The disappearance of coins and watches suggests that Wells Fargo – which has admitted in recent years that customers have systematically defrauded customers with fake accounts, hidden fees and a host of unwanted and unnecessary financial products – has not followed this law. “All the big national banks would prefer to be out of the security business,” said Jerry Pluard, president of Safe Deposit Box Insurance Coverage, a small Chicago-based company that runs the boxes. “They see it as a legacy service that`s not strategic for everything they do, and they`ve stopped focusing or resources on it.” He estimates that about half of the country`s coffers are empty. When such cases are tried, the bank often has the upper hand. In 2012, Lianna Saribekyan and her husband Agassi Halajyan rented a large safe at a Bank of America branch in Universal City, California. They filled it with jewelry, money, gems and family items that they wanted to keep safe when they renovated their home. They paid 246 $US for a one-year rent. Nine months later, Ms. Saribekyan returned to the branch and discovered that her box had disappeared. The Bank of America website is closing, employees said. The bank had opened all your coffers.

(The bank stated that it had sent several letters to customers regarding the closure of the subsidiary. Ms. Saribekyan said she never received it.) The Office of the Comptroller of the Currency, the chief federal overseer in the banking sector, said it had no reason to commit. “There is no provision in the Bundesbank`s law that explicitly regulates safes,” agency spokesman Bryan Hubbard said. Filmmakers love safes much more than bankers. On film, they are an essential tool for spies – Jason Bourne, for example, recovered money and passports from a Swiss box using a device implanted in his hip – and a magnet for smart thieves. Cinematic burglars searched secure chests by tunneling (“The Bank Job,” “The Bank Job”), drilled through a wall (“Sexy Beast”), alarms (“the king of thieves”), taken hostages (“Inside Man”) or simply lowered the doors (“The Dark Knight”).