“Contents of the box: You agree not to store any cash or coins other than those found to have a collectible value.”
Furthermore, signatures are no longer accepted as the sole method to access your box through Chase. Now you must have two forms of ID and a 4-digit PIN.
Other safety deposit box customers are also reporting new agreement changes, requiring them to agree not to store more than $25,000 worth of possessions – which are no longer protected against loss or damage – and the bank now reserves the right to restrict access to the box for any or no reason.
These changes are certainly alarming for existing Chase customers, and we first heard about the new regulations when someone came to us because they received one of these letters. They were concerned the JPMorganChase would no longer be able to protect their precious valuables, and after hearing what Inwood Security Vaults offers, they quickly became one of our new clients.
At Inwood Security Vaults, our private vaults and safe deposit boxes are the most secure way to protect your valuables. Not only are they protected from natural and man-made disasters; they are also protected from theft, court orders and subpoenas, and even hackers. And our vaults and boxes are 100% anonymous. No Social Security number or ID is required.
Another benefit of choosing Inwood Security Vaults for your valuables is the range of storage sizes – which can be as small as a traditional box, or as big as a closet – and you can store almost whatever you need. We don’t have stipulations against storing precious metals, currency, stocks and bonds, or Certificates of Deposits (CDs).
Unlike Chase, and other banks like them, our number one goal at Inwood Security Vaults is to give our customers the privacy and security they want and deserve. It’s a promise we made when we opened our doors in 1981, and we have been honoring that promise ever since.