TD Bank no longer offers coin-counting machines (formerly known as “Penny Arcades”) in their branches. They removed these machines in May 2016 due to reports of inaccurate counting and shortchanging customers, leading to lawsuits. TD Bank continues to accept pre-rolled coins for deposit at no charge and provides free coin wrappers to help customers roll their coins themselves.
If you need to count a large amount of coins and don’t want to roll them yourself, consider these alternatives:
- Other banks and credit unions: Some local community banks and credit unions still offer coin-counting machines, though you may need to be a customer to use them for free or a reduced fee.
- Coinstar kiosks: These machines are located in many grocery stores and retailers. They offer options to convert your coins into cash (with a fee of around 11.9% of the total value), or fee-free gift cards or charitable donations.
- Other options: Some businesses with self-checkout systems, like some CVS stores, may allow you to use coins for purchases. Some grocery stores, such as Publix, have their own coin-counting machines, although they might charge a fee (around 10%).
Note: Always check with the specific bank, credit union, or business about their policies and fees regarding coin counting before bringing in a large amount of change.
Does TD Bank still offer free coin-counting?
Chase, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, and other major national banks no longer provide coin-counting machines to customers or to non-customers.
Can I bring coins to TD?
Good point! How TD Bank Customers Can Deposit Coins. To deposit coins, TD Bank customers will have to use coin wrappers. These wrappers are available for free by visiting a TD Bank branch. Tip: Most banks will give you free coin wrappers.
How much does Coinstar charge for $100?
From my experience, Calculate Coinstar’s Fee
Coinstar’s fee is currently set at 11.9 percent of the value of the coins you’re exchanging. Basically: That’s nearly $12 for every $100 in coins you feed to the machine.
Do banks count your coins for free?
From my experience, Account holders at many banks can exchange coins without charges. Some institutions require rolled coins, while others provide free access to counting machines. Non-account holders may incur fees.