Bank & Financial Institution Security

It is a nationwide banking industry standard practice for banks to provide adequate security at banking facilities. This is similar to the general requirements for any other type of cash handling business, but it is immensely more important for banks since, as notorious bank robber Willie Sutton allegedly said, “Because that’s where the money is.”

It is my opinion that bank customers take their money to a bank because they perceive it as the safest place possible, and it naturally follows that bank customers feel safe themselves in a bank.

Federal banking regulations require that a bank’s security program should be codified in a bank’s policies and procedures manual. As one who has consulted for over 75 banks including eight of the country’s ten largest and twelve of the world’s 45 largest, I have had numerous occasions to examine the policy and procedure manuals for many banks of all sizes, and I can assure you that I have regularly seen all types of security procedures and measures documented in those policy and procedure manuals.