Banks in the U.S. are required to have customer identification programs (31 CFR § 1020.220), but U.S. Private Vaults allowed its customers to be anonymous: htt

Banks in the U.S. are required to have customer identification programs (31 CFR § 1020.220), but U.S. Private Vaults allowed its customers to be anonymous: https://www.securityinfowatch.com/access-identity/access-control/article/12288537/iris-biometrics-provide-anonymity-and-security-at-us-private-vaults https://www.securityinfowatch.com/access-identity/access-con... Also, not all bank branches offer safe deposit boxes, and it’s difficult to get one unless you have other accounts. For someone who does their banking online or with an institution that doesn’t have a large branch network, it might have been more convenient to use U.S. Private Vaults than to set up and maintain another banking relationship.