Have you used TD Bank’s coin-counting machines? You may be owed money!

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Have you used TD Bank’s coin-counting machines? You may be owed money!
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If you’ve used TD Bank’s coin-counting machines, you may be owed money from a class action settlement.

TD Bank removed its Penny Arcade coin-counting machines from bank branches after an NBC News investigation last year found some customers were being shortchanged.

The Penny Arcade was off by $43 on a $300 deposit in the most extreme example.

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Anyone who used the coin-counting machines between April 11, 2010 and July 12, 2017 may be entitled to at least 26 cents per $100 exchanged, according to PennyArcadeSettlement.com.

TD Bank has denied any wrongdoing but agreed to settle the case, which hasn’t been finalized yet.

If it’s approved by the court, those who had a TD Bank account at the time they used the Penny Arcade will receive their settlement payment automatically — by account credit or by check.

The only people who need to submit a claim are those who didn’t have a TD Bank account when they made the transactions.

The final approval hearing for the proposed settlement won’t take place until January 2018. Read more and file a claim by October 27 at PennyArcadeSettlement.com.

Read more: How to choose and switch to a better bank for you

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Mike Timmermann About the author:
Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, Save on Almost Everything.
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