[Merged] Change your coins using machine at TD Bank, FREE

[Qube]

http://dan.matan.ca/TD-Canada-Trust-...Sorter-Counter

Very cool. Very free. No more stupid Coin-star machines with high fees...

Get Rid of that Spare Change!

Like many US banks have been doing for the past decade, TD Canada Trust is running a pilot project that puts automatic coin counting machines into branches. I'm not sure of any other banks in Canada that have the same system.

Now, since this is a pilot project of TD/Canada Trust Bank, it could be expanded, changed or ended at any time. I'm not sure if they're doing anything outside of Ontario.

These automatic coin sorter/counting machines let you bring in your unwrapped mixed coins, dump them in a machine, and then (I presume) you can deposit it into your TD account. I'd guess you must be an account-holder to do this (actually, read below for more details). At the moment, their service is fee-free.

Many grocery stores, like Dominion, and I think even the Canadian Tire in downtown Toronto on Bay street have these machines, but their fees can be pretty hefty (like 7-10%, ouch!).

Anyways, I managed to email TD and get a list of locations in which they are pilotting these things, which can save you a ton of time. Too bad they don't have one in downtown Toronto (which I can't quite figure out why, it's where TD bank's headquarters are located).

TD Canada Trust With Automatic Coin Sorter/Counters:

10908 Hurontario Street (at Wanless) Brampton, ON. L7A 3R9
1440 Royal York Road (at Eglington) Etobicoke, ON M9P 3B1
808 York Mills Road (at Leslie) Toronto, ON. M3B 1X8
5000 New Street (at Appleby Line) Burlington, ON. L7L 1V1
5887 Main Street (at West Lawn Cr) Stoufville, ON. L4A 1N2
1684 Danforth Ave (at Woodington) Toronto, ON. M4C 1H6
1119 Fennell Ave E. (at Upper Ottawa) Hamilton, ON. L8T 1S2
1260 Commissioners Rd W (at Boler) London, ON. N6K 1C7
1005 Ottawa Street N (at River Road) Kitchener, ON. N2A 1H2
1365 Fanshawe Pk Rd W (at Hyde Park) London, ON. N6G 0E3

Finally found a similar thread: http://www.redflagdeals.com/forums/s...d.php?t=624678

[kungpowchicken]

Enough with the pilot project - when are they going to start rolling these out nation wide? (Asks with 5 pounds of coins jingling in each pocket)

[bhuachua]

Nice find op. Time to clear the penny jar and start Christmas shopping with the help of RFD .

[HBTRLac]

Good idea, but why are there no locations out in the west?

[flito ray]

good stuff i guess i won't be paying with pennies in a sock anymore from now on!

[jane22]

wish there was a free one in Ottawa

[rogeryen]

hmm i just found out this from google 2 days ago lol

[Hugh Jass]

Any update since then?

Great idea.

Sucks to be the one that owns that coin counter business in grocery stores though. Game over for them.

[Qube]

hmm i just found out this from google 2 days ago lol

And you didn't post it... why? Shame on you!

[kuzi]

guess where I'll be tomorrow after work??? I've got a tonne of coins that I've been meaning to roll for 2 years now (probably over $500 worth...this will save me a lot of time and hassle...if this works, it will be the most useful post of the year for me...thanks a lot OP!

That one guy in the article said he banked $1900 worth but I think he mentioned he maxed out the machine...WOW!!!

[trellaine201]

http://dan.matan.ca/TD-Canada-Trust-...Sorter-Counter

Very cool. Very free. No more stupid Coin-star machines with high fees...



Finally found a similar thread: http://www.redflagdeals.com/forums/s...d.php?t=624678

Hallelujah! It's about time. I would be willing to pay a small fee if need be. I have a bunch of coins hanging around as most people probably do.

Good find. Now I need these out west.

[user01]

Wow thanks OP! I had always spend my changes in one of those Home Depot self-serve machine as I had no other places to use it up. I will definetely take advantage of this!!!!!

[switchblade baby]

Ugh. I wish they had more of these at more convenient locations.

Btw I think these are Penny Arcade coin-counting machines. I heard that they could be less accurate than the Coinstar machins that -do- charge you something.

http://soundmoneytips.com/article/27...-coin-counters

"In 2004, a Wall Street Journal reporter tested coin-counting machines at a couple of local banks. The reporter began with equal piles of $87.26 worth of
pennies, nickels, dimes, and quarters. After inserting the coins the reporter witnessed some astonishing results. The machines at both Commerce Bank and
Coinstar calculated less than the amounts the reporter had provided. Commerce Bank's Penny Arcade missed by $7.02, and Coinstar by $0.57. Go figure!"

I guess there are pros and cons for both. I think the Coinstart machines here only give you credit to use at the store you made the transaction at. That and they charge you about 10% to use their machines.
Do the TD Penny Arcade ones give you cash back?

[hungryfordeals]

Finally found a use for TD Bank, eh?

[andrewmp]

Getting your change counted for you for a fee is no deal!