September 16, 2025 – Austin, TX – In our latest HERE Press Release Spotlight, we’re shedding light on a major shift in banking services from J.P. Morgan Chase, as they phase out safe deposit boxes nationwide due to high maintenance costs, low demand, and potential liabilities. This eye-opening release, originally published on hereaustintx.com, highlights customer concerns like privacy invasions and property loss, drawing from insights by retired police officer David Kohlmeier, known as “The Problem Solver” in Las Vegas.

Chase Bank’s decision affects customers in states like Nevada, where unclaimed boxes may be drilled open, with contents relocated—potentially leading to lost valuables or discoveries of contraband. As Kohlmeier warns, “It concerns me as a retired police officer that people don’t know that there is a liability here. When they drill these boxes, people lose belongings such as cash and jewels, and they are often difficult to get back.”

The move, rolling out since December 31, 2023, stems from operational challenges and follows similar actions by banks like Capital One, HSBC, and Barclays. Kohlmeier emphasizes the invasion of privacy, noting that bank employees may document contents with videos and photos. In Las Vegas alone, 20% of boxes remain unclaimed, underscoring the urgency for affected customers.

This trend signals broader changes in banking, urging customers to explore alternatives for securing valuables. For expert assistance in Las Vegas, connect with The Problem Solver at lasvegasproblemsolver.com or call 702-999-1111.

Read the full original press release on hereaustintx.com for more details on this industry shift.

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Author: HERE City

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