Heirlooms Disappear From BofA Safety Deposit Box

Many consumers often use store valuable possessions in safe deposit boxes assuming it’s secure, but a Danville couple found that’s not always the case.

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.

But the bank actually had the social security numbers of the customers on file, so it either lied or simply wanted an excuse to rummage through the private property of private citizens. This is just the latest in an overwhelming collection of reasons to abandon the large and heavily corrupt banking system.

“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.”

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ConsumerWatch: Heirlooms Disappear From BofA Safety Deposit Box « CBS San Francisco