This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

It's 300 Times More Convenient To Cash Your Coin Stash With TD Canada Trust

- Bank rolls out coin counters in branches across the country -

TORONTO, March 26, 2013 /CNW/ - The majority of Canadians (69%) actively avoid paying with change and likely have jars of it at home. For consumers keen to cash in their coins, without the hassle of sorting and rolling, TD Canada Trust offers 300 solutions. The bank is installing more than 300 automatic coin counter machines in branches across Canada this year, building the biggest coin counter network across any financial institution in the country.

"Our commitment to comfortable banking means we constantly look for opportunities to raise the bar in customer service," said Diana Morrone, Vice President, Retail Solutions, TD Canada Trust. "From longer hours to Sunday banking, this national network of coin counters is our latest way to deliver on this promise."

With so many available payment options beyond cash, customers are using coins very differently than they were 25 years ago, making it more common to have piles of change at home. TD Canada Trust's research shows that today's consumers avoid using change because they prefer to pay with debit or credit (40%), they don't like to carry change (23%) and it takes too long to count out at the cashier (17%). Even if they aren't paying with it, almost all Canadians (96%) have an idea of how much change they have at home, and a quarter (27%) admitted to having at least $50 in change.

Along with an easy way to deposit that spare change, TD Canada Trust also offers advice on how to get the most of that extra cash:

  • Pay down that credit card: If financial goals include tackling credit card debt, apply it to the balance. Even small amounts can make a big difference over time
  • Open an RESP: Put those pennies to good use and start saving for a child's education. Every little bit counts, especially when taking advantage of compound interest
  • Start that vacation fund: Open a high interest savings account and commit to depositing a set amount monthly. Those small amounts will quickly add up
  • Make an extra annual mortgage payment: Small change can make a big difference applied to a mortgage. An extra $50 from the couch cushions each year could save hundreds in interest over a mortgage's lifetime

The new coin counters will be available to personal banking customers at no fee, and to business customers and the general public at a competitive rate. The state of the art machines sort change and print a receipt, which can be cashed or deposited into a TD Canada Trust account at the teller.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs