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Homeland Security To Confiscate Bank Safe Deposit Box Contents

28 September 2008, 15:36, by Joe8393

First of all - Its not a BofA policy- It applies to every bank. Lastly not a new rule. I work at a competitor bank and have worked for a few institutions.

You are not allowed to under any circumstances to keep weapons or cash in your safe deposit box. If you are caught even the allusion of doing so, is the mandatory report of someone to the authorities for fear of potential money laundering. Under a potential national catastrophe or terrorist act, it is natural the authorities would want to keep a tab on potential money laundering or weapons storage at banks.

End of story, plain and simple. Not a big deal, the rules have been on the books for decades in banking.