A Caution For Safe Deposit Box Owners
A Twin Cities women thought her cash and also valued ownerships were really down payment– nevertheless after that she discovered even more than $60K as well as home prizes missing out on out on from her risk-free down payment box, records Liz Collin (3:25).
WCCO 4 News At 10– February 6, 2020
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OmniTek Silbear
So no camera in the vault room? No police report to check it out?
Dwayne Overby
Aren’t there cameras? Terrible thing, but why the hell have cash in a safety deposit box…in a bank? Why was it not in an account where it’s insured and making interest???
Elijah Benjamin
This has happened numerous times
friendlycowboy
You should NEVER put cash in a safety deposit box ever! They tell you that upfront
Heather Noway
I always have had a safety deposit box at the bank and safe at home. The stuff I do not want to go poof in a fire goes to the box, I aways have lived in crime safe areas but not fire safe areas, half my street burned down in a PGE fire 3 years ago. Best get a box at a small branch where the same people are always there when you go in and go in once a month.
Zachary Christian
This all comes after a huge case where the fbi seized all those boxes in holly wood after there was no unanimity they went through all boxes many weren’t returned every body better go get your stuff they have a new trick and the jokes gonna be on you
ah huat
Some times you hide something so good you forget whete you hid it
Farmboy1544
The real crime here is keeping savings in cash. Inflation would eat away at that cash like crazy. She should have bought a dividend paying fund.
S F
you can bet your ass that it will be found if you report that there is ammunition and a few semiauto pistols, ie things the fed is interested in.
Guy Telfer
You can use your cell phone to record the contents privately while the security is watching 24/7 after you’re recording, if the bank was robbed did they send you a letter or email?
DOGBOSS Got you
In my case The bank BB&T had the key to the box not me.an they signed in an out of the vault.My deposit box was full of money. Rolity I made ofd a design. Thier employees signed a NDA an act like the box never existed. BB&T in Lenoir Nc now truist.
Danny Vafa
Did she know there is FDIC protection and a bank account? Why would she store $65,000 in cash in a box when it’s protected in an account by the federal government? Tax evasion? If it were assets like jewelry, it would be a different story
Something is fishy here.
john tran
Tax evasion duh. And especially you cannot have free health care aid, food stamps, discounted electric bills and gas. Free 100% financial aid in college. 😂.
Ram Das
I feel so sorry for her. The crux of the issue is regular folks have no idea about finance and the legal fine print of contracts they sign. It could have been avoided if the bank had explained to her that money is insured in her account but not in the safe deposit box. Even better she wouldn’t have had her savings in cash all those years.
Banks can not be trusted to act in the customers best interest, they act in their own interest. Having insured money in your savings account is fine if you’re ok with inflation eating up 10% or more each year because federal banks reach into our collective pockets and keep diluting our savings. Leaving the fiat system and being your own bank can solve all these issues. While keeping gold at home is always risky, something like Bitcoin isn’t if you know how to set it up securely. They could ransack your home and take everything and still never get to it. Because it’s not located in any physical place.
majik352
They stealing
Robert Stacey
Ok wait so if bank employees can not open the box with a bank key. And only the renter can, how the hell did her belongings come up missing? Further more, I have to wonder why are safety deposit boxes not covered under FDIC insurance just as regular deposit accounts are? How can banks expect customers to confidently pay extra rental fees for a safety deposit box if banks cannot ensure the security of those boxes. Someone had to have successfully phished for this lady’s personal info and then posed as her to gain access to her box and a bumbling employee failed to pay attention to detail and played right into a scammers hands.