1) TAKE EVERYTHING OF REAL VALUE OUT
2) KEEP THE BOX UNTIL IT EXPIRES (SO AS NOT TO ALERT ANYONE)
3)LEAVE CHASE, THEY SUCK ANYWAY.
Cutting expenses in one area and raising more in another?
You acted wisely, Migraine. Try to locate a good, local (or regional) bank or S&L with a good track record. Stay away from Chase, BOA, and other globalist concerns.
Looks that to me.
I mean, it’s not like you put two meth crazed NYC rats in a safety deposit box over the week-end because house guests.
FDIC doesn’t cover those kinda of losses. Like to broke my heart.
TDbank sent me similar letter last year. I think this is a federal policy.
(The banks pay nothing on your accounts anyway.)
"Bank" at home. It's safer in the long run.
I only keep monthly operating expenses in the bank, the rest is outside the control loop.
Some morning we will all wake up to the news that banks are closed due to XXXXX emergency, and when they re-open, access to "your" money will be severely restricted.
I bet it means they are not going to insure anything over $25K so if you happen to open your box and had s100K in cash in it they just stole $75K from you. There will be a nice little redistribution note from FedGov saying they appreciate the “contribution” to the newly created “new citizens indigent fund” for illegal alien children. You will get a tax deduction of course...
Time to take a trip to Switzerland.
Being good little liberals, they believe that what’s theirs is theirs and what’s yours is theirs.
I haven’t gotten that letter yet.
Chase? Isn’t that the Rockefellers?
I guess now you will believe that all of that “talk” about the government coming to get what you have is right!
As sure as the sun rises in the morning the government will make physical and financial slaves of us all. The first step was when banks were forced to join the “know your customer” program and like all programs, it was simply the tail on the devil that was lurking outside the doors of freedom.
I really feel for those who have saved responsibly and now will find that it was for naught in the near future when all that you have in the way of investments and cash will soon belong to the government.
You can thank both Republicans and Democrats for this “gift” from the government.
In the fwiw dept., the state of CA was able to put a lien on my box. Same with my accounts. Took a tax attorney and $500 plus to get it back.
Bastards.
5.56mm
Raise the price, lower the value--a good business exit strategy.
I saw similar behavior from Chubb (who had been a good home insurer over the years) on Cape Cod. Over a period of about 3 years, they tried to double the rates, because they wanted to get out of the business there because of presumed wind exposure (water isn't an issue inland, even on the Cape, if you're 50 feet above sea level). They didn't say, "go away," instead, they just raised prices so high that you had to look for alternatives, and there were plenty of them.
The FATCA law.
The feds regulate the banks. You’ll almost certainly find your answer there.
But in a way, it’s a good thing. People should NEVER TRUST banks in the first place. If bad times come, their boxes will be emptied LONG BEFORE they can access them.
Sounds like the feds have finally caught up with watching Breaking Bad.
they are paving the way for the currency default that is coming. About a 66% devaluation. They will go into your safety deposit box and take out gold, silver, diamonds and cash and replace it with the new dollar which takes 3 old dollars to buy.
Take all your stuff out of your safety deposit box and put it in a home safe bolted to the floor.
Looks like it’s time for do-it-yourself private vault technology collaborations.