Banks Must Report Safe Deposit Box Contents Over $5,000
February 26th, 2026 at 3:40:25 AM
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THEY PASSED IT:- Banks Must Report Safe Deposit Box Contents Over $5,000.(Inspections Begin March 1st) - Finance Reality
I closed my box last year. But keeping casino chips and gambling cash in there will be out of bounds next week. Inventory required on each lease renewal. SARs will be filed for refusal. FinCEN will be getting inventory lists on items exceeding $1,000. The video has more explanations of categories for itemized reporting thresholds.
Safe Deposit boxes at banks have been falling out of favor in the past several years. Banks were getting rid of their boxes, this new regulation will accelerate that trend.
I closed my box last year. But keeping casino chips and gambling cash in there will be out of bounds next week. Inventory required on each lease renewal. SARs will be filed for refusal. FinCEN will be getting inventory lists on items exceeding $1,000. The video has more explanations of categories for itemized reporting thresholds.
Safe Deposit boxes at banks have been falling out of favor in the past several years. Banks were getting rid of their boxes, this new regulation will accelerate that trend.
Last edited by: ChumpChange on Feb 26, 2026
