Ever used the Penny Arcade? TD Bank may soon owe you money
CHERRY HILL — TD Bank may pay out $9 million to settle a class action suit over its Penny Arcade coin counting machines that didn’t give customers back the proper amount.
The suit was filed after a report on NBC's "Today" last April showed five different machines, each counting the same amount of change, but giving five different results.
The bank would research transactions by TD Bank customers on the machines dating back to 2010, and multiply the amount customers put into machines by 0.26 to determine how much they would each receive, according to the Courier-Post. People who do not have TD Bank accounts could submit claims as well.
The bank removed the machines from its branches the month after NBC's report.
The federal lawsuit sought to collect damages for customers who have used the machines within the past six years. More than $5 million dollars has been lost by costumers, according to the suit.
Contact reporter Dan Alexander at Dan.Alexander@townsquaremedia.com.