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
So there it is. Feel free to use Mapquest or some such to get more precise directions. This list is accurate as of the email I received in Sept 2008.
Coin sorting equipment
I need to look at coin sorters for use in South Africa.
TD Leslie/Toronto
Went to the Leslie location in Toronto. Was quick and easy. No charge, totally free. Don't have to be a customer. Redeem in cash or deposit.
I used one of these at my
I used one of these at my local branch in New York City. I loved it. I swiped my ATM card, put my pin in, and deposited my coins. The funds were immediately deposited into my account. I was so amazed I thought that I did something wrong because it seemed way too easy! I love TD.
Change Counters in USA
That same bank - i believe - has had those in at least a few branches in New York since about 2004.
TD Banknorth + Commerce Bank Penny Arcades
The difference, of course, is that it wasn't owned by TD when they did introduce the "Penny Arcades". It was Banknorth then (or was it CommerceBank that introduced it? meh).
IT was Commerce who had the
IT was Commerce who had the counters in every branch. TD has included them in their Banknorth branches and now most are TD Bank in the U.S.. Full transition to have occurred by this fall. By the way, TD has "owned" Banknorth for several years now.
Alberta Needs those Machines
If the Government was smart and wanted to save taxpayers some money they would make those machines available in all banks, and not charge a fee.
Think of how much the govt would save on not having to produce all those coins. I know tons of people that have piles and piles of coins in jars for years.
The damn govt continues to want to convert more and more of the paper dollars to coins, the least they could do is provide coin sorters to get them back into circulation.
When is Alberta going to get them????
coin machines
There are 7 locations in Safeway in Calgary. The locations are 813 11th ave SW Calgary, 1818 Center Street N Calgary, 3636 Morley Trail NW Calgary, 1200 37th Street SW Calgary, 200 Stewart Green SW Calgary, 55 Castleridge Blvd NE Calgary,399 36th Street NE Calgary> Hope this helps please use them and tell your friends!!
coin sorters
2 types. sorters/counters. counters use an off-sort largest first etc. counters do it all.
Royal *.* is rubbish go brand names Cummins is good. All you get for $200 is plastic machine that jams, wrong counts. You have to use a weigh machine to weigh coins if you use cheap sorters cos they are allays wrong.
TD Bank
Do you know if any coin counters are going ot make it to other branches in canada??
Right now, it's just a
Right now, it's just a trial, we'll see if it gets rolled out elsewhere.
Help??
Can anyone tell me who manufactures the coin machine? Thanks in advance.
Is this the machine in
Is this the machine in question? http://www.cumminsallison.ca/coin/cd_atm.htm
http://soundmoneytips.com/art
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 Coinstar 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?
I do believe the TD ones let
I do believe the TD ones let you get cash in turn for your funds.
I believe they're only called "Penny Arcades" at their US branches, not the Canadian ones, so just call them "coin counters" or "change counters" so you don't confuse anyone.
As for that WSJ study, it sounds like they just tested each machine once, which I'd say isn't a sufficient number of tests to make a valid complaint. Does it always under-count? Is it just imprecise, so on average, you're no better or worse off?
td coin service
$1900 worth of coins later i'm 200 lbs lighter. Maxed out the machine in brampton so moved on to the one on royal york. A few jams here and there but worked out well overall. Staff was mucho helpful except for one who grumbled just a little bit. Thanks for the info dan.
Heavy workout ...
Dan, our group put one of the machines through a much heavier test. Counting cans of change from Apple Day!
See http://mangsbatpage.433rd.com/2008/10/td-coin-counting-machines-pass-scout.html
It worked well. And I have some interesting rejects in my collection. BTW.
Unless I'm mistaken, a decision on expanding the program or limiting it to the pilot machines should have been made this week.
US coins
Dan, I've tried these and they do reject US coins. Good work getting the list of sites!
Coin Sorter
Do you know where someone could purchase a good but affordable coin sorter for at home?
I used the TD Canadatrust
I used the TD Canadatrust coin machines today and it works great. There is no charge for it, even if you're not a TD Canadatrust customer.
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