Why did TD Bank remove Penny Arcade?
TD Bank (TD) is getting rid of its Penny Arcade coin counting machines following questions about their accuracy and apparent waning interest by customers. It counted about 29 billion coins a year, according to a recent court filing. The Penny Arcade was free for TD customers, but non-customers paid an 8% fee.
Does TD Bank still have the Penny Arcade?
TD account holders got their change counted free but outsiders paid an 8 percent fee for the service. The bank yanked the machines out of its branches after the report was published and agreed to no longer use them as part of the settlement.
How do I cash in my TD Bank coins?
In order 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. Customers have to wrap their coins at home before bringing them in for deposit.
What banks have free coin counting machines?
What Banks Have Free Coin Counting Machines
| Bank | Customers | Non-customers |
|---|---|---|
| Hancock County Savings Bank | Free | – |
| Republic Bank (NJ/PA) | Free | Free |
| People’s United Bank | Free | 8% fee (to increase to 11%) |
| American Eagle Federal Credit Union | Free | Free |
Do Canadian banks still accept pennies 2020?
The penny is still legal tender in Canada and goods and services continue to be priced in one-cent increments. The phasing out of the penny only has an impact on some cash transactions.
Do banks give out free coin wrappers?
Most banks will even give you free paper coin wrappers if you ask. Once your coins are rolled, take them to your local bank. They’ll exchange them for cash for you, without charge.
Do Coinstar machines take pennies?
These machines allow people to easily deposit loose change into a machine for a cash voucher that can be then cashed in to a cashier. Coinstar machines still accept pennies, so if you don’t want to go to a bank, using a Coinstar machine to cash in your pennies is a viable option!
What banks are taking coins?
Currently there are a few banks that we know of that will take your coins:
- Citibank (requires coin rolls and some fees may vary)
- Community Savings Banks (requirements vary)
- US Bank (no rolls but current customers only)
- Bank of America (requires coin rolls)
- First County Bank.
- Western Credit Union.
- Peoples United.
Will the bank take my pennies?
Yes, pennies continue to be legal tender in Canada and banks accept them for cash payments.
Can you still deposit pennies at the bank?
You may not like what you’re about to learn: pennies are still legal tender. That means you can still use them at stores, and you can still deposit them at the bank.
Where can I turn my coins into cash for free?
Chains
- Local bank or credit union. Your local bank or credit union branch may let you exchange coins for cash via coin-counting machines, letting you to roll your own coins, or take coins in another way.
- QuikTrip.
- Safeway.
- Walmart.
- Target.
- Lowe’s.
- Home Depot.
- CVS.