8 ms·
My understanding is that you are not allowed to store cash in them in US either.
by notyourwork 6y ago
My understanding is that you are not allowed to store cash in them in US either.
- billh 6y agoIt's not illegal to store cash in a safe deposit box, but some banks have policies which will state that you cannot. Ostensibly over money laundering / illegal asset hiding concerns. But regardless of policy, it really does not make a whole lot of sense to keep your cash in there. If you just deposit the cash at the counter it's insured through FDIC, in the box it's not.
- notyourwork 6y agoRight, I didn't indicate its illegal, I said it is not allowed.