Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
TD Bank, Still Stealing Customers Foreign Coins
>
Reply to Thread
Message:
<p>[QUOTE="HowardStern, post: 2317856, member: 26533"]This weekend I seen 1 of the many HUGE bags of foreign coins TD Bank steals from their customers of their coin machine. I have posted about this years ago, but for those that are not aware the TD coin machines have magnets in them that catch a lot of foreign change. Multiple times a day this magnet gets picked by tellers and the coins are put in a large clear bag and put into the safe. When that large bag gets filled the armored guards pick it up. Where it goes from there, a TD manage has told me ..."nobody knows", another has told me it gets donated to the special olympics. </p><p>This is happening on a massive scale if you consider how many branches they have across the country. I first noticed this in 2010 and nothing has changed. 99% of customers are not aware of the hidden magnet. Foreign change that does not stick to the magnet is "sometimes" returned through the return slot. I say sometimes because more than 50% of the time the return slot is rigged in such a fashion where the coins get stuck in the machine because they make the pvc tube slot to short. I've noticed this in the majority of TD banks.</p><p>This type of fraud may seem like no big deal, but it is being done on a massive level and I would imagine to the tune of millions of dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="HowardStern, post: 2317856, member: 26533"]This weekend I seen 1 of the many HUGE bags of foreign coins TD Bank steals from their customers of their coin machine. I have posted about this years ago, but for those that are not aware the TD coin machines have magnets in them that catch a lot of foreign change. Multiple times a day this magnet gets picked by tellers and the coins are put in a large clear bag and put into the safe. When that large bag gets filled the armored guards pick it up. Where it goes from there, a TD manage has told me ..."nobody knows", another has told me it gets donated to the special olympics. This is happening on a massive scale if you consider how many branches they have across the country. I first noticed this in 2010 and nothing has changed. 99% of customers are not aware of the hidden magnet. Foreign change that does not stick to the magnet is "sometimes" returned through the return slot. I say sometimes because more than 50% of the time the return slot is rigged in such a fashion where the coins get stuck in the machine because they make the pvc tube slot to short. I've noticed this in the majority of TD banks. This type of fraud may seem like no big deal, but it is being done on a massive level and I would imagine to the tune of millions of dollars.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
TD Bank, Still Stealing Customers Foreign Coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...