In May 2016 , TD Bank removed all of its Penny Arcade coin-counting machines from its branches.
This decision was made after numerous complaints and lawsuits alleging that the machines were inaccurately counting coins and shortchanging customers.
Previously, the Penny Arcade machines were a popular feature, allowing both customers and non-customers to deposit coins, initially for free, and later for a fee for non-customers.
If you need to count and exchange your coins, here are some alternatives:
- Roll coins yourself: TD Bank, like most other banks, provides free coin wrappers at their branches. You can then deposit the rolled coins at a TD Bank branch.
- Coinstar kiosks: These kiosks are available in many supermarkets and retailers, but they charge a fee for cash redemption (typically around 11.9%, but fees may vary by location). However, you may be able to avoid the fee by opting for a gift card from a participating retailer or donating to charity through the machine.
- Other banks or credit unions: Some local community banks and credit unions may still offer coin-counting machines, often for free for customers and a fee for non-customers. Check with your local institutions to see if this service is available.
- Retailers with self-checkout: Some retailers accept coins at their self-checkout machines, which can be a way to use your coins without incurring fees.
Does TD Bank have a coin machine?
Where You Can Still Find Coin Counters. Although TD Bank doesn’t offer coin-counting machines, other banks may provide them. However, if you’re a non-customer, you’ll most likely have to pay a fee (a small percentage of the amount counted). Some banks won’t even let you use the machines as a non-customer.
Do any banks have a free coin machine?
From my experience, Most banks offer free coin exchange services to account holders, though you may need to roll coins yourself. Self-service coin-counting machines are more commonly found at local banks and credit unions than at national banks.
How much does Coinstar take out of $100?
I can help with that. 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. You’d have to guess how much change you have accumulated to calculate the Coinstar fee.
Do banks convert coins to cash for free?
Banks and credit unions often offer free coin exchange services for customers, while charging small fees for non-customers. Coinstar machines charge up to 12.9 percent plus a 99-cent flat fee but are widely available at grocery stores and retailers.