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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
A settlement has been proposed for several class action lawsuits that challenge the accuracy of Penny Arcade coin-counting machines at TD Bank NA stores.
If you used a Penny Arcade machine at a TD Bank store between April 11, 2010 and July 12, 2017, you may be entitled to a cash payment from the class action settlement.
Penny Arcade was a coin-counting machine at TD Bank stores. When users deposited coins into the Penny Arcade machine, the machine would issue a receipt that reflected the total value of the coins counted. The receipt could be redeemed with a teller for cash or for deposit into a TD Bank account.
If approved, this Penny Arcade settlement will resolve eight TD Bank class action lawsuits that allege the Penny Arcade coin-counting machines at TD Bank stores fail to provide the full value of the coins deposited into the machines.
The Penny Arcade class action lawsuits point to a segment aired on NBC on April 6, 2016 that reported Penny Arcade machines fail to accurately count users’ coins and shortchange customers.
TD Bank denies any wrongdoing but agreed to settle the Penny Arcade class action lawsuits to avoid the costs and risks of litigation. Under the terms of the proposed Penny Arcade class action settlement, TD Bank will pay $7.5 million into a settlement fund.
The TD Bank Penny Arcade class action settlement was preliminarily approved on July 12, 2017.
The deadline to opt out of or object to the Penny Arcade class action settlement is Oct. 27, 2017.
Who’s Eligible
Class Members of the TD Bank settlement include anyone who used a Penny Arcade machine to exchange coins for cash or credit to a TD Bank account between April 11, 2010 and July 12, 2017.
Potential Award
Varies according to the total dollar amount of Penny Arcade transactions the Class Member conducted during the Class Period.
It is estimated that the payments to Class Members will be at least 26 cents per $100 exchanged at a Penny Arcade machine during the Class Period.
NOTE: Class Members who held a TD Bank account when they made Penny Arcade transactions will automatically receive compensation, either as a credit to their TD Bank account or in the form of a check. They do not need to submit a Claim Form to receive payment. If you do not currently have a TD Bank account, a check will be mailed to the address TD Bank has on file. Contact the Settlement Administrator if your address has changed.
Class Members who did not hold an account at TD Bank at the time of their transaction must provide documentation in order to receive benefits; however, if they are unable to provide suitable documentation, the calculation of their claim payment will be based on a maximum transaction amount of $500.
Proof of Purchase
None required, unless you are making a claim for Penny Arcade transactions made when you did not have a TD Bank account. For each of these Penny Arcade transactions, you must provide the following information:
- The date of the Penny Arcade transaction;
- The dollar amount of the Penny Arcade transaction; and
- Documentation to substantiate your claim (if available).
If you cannot provide documentation of your Penny Arcade transactions, your payment will be calculated based on a maximum transaction amount of $500. However, the Settlement Administrator may require you to provide additional documentation in order to receive compensation.
Claim Form
Class Members who would rather mail in their Claim Form can download a pdf version here.
Claim Form Deadline
10/27/2017
Case Name
Macias v. TD Bank NA, Case No. 16-cv-3420; Feinman v. TD Bank NA, Case No. 16-cv-3435; Luce v. TD Bank NA, Case No. 16-cv-2621; Filannino-Restifo v. TD Bank NA, Case No. 16-cv-2374; Diaz v. TD Bank NA, Case No. 16-cv-2395; Spector v. TD Bank NA, Case No. 16-cv-2682; Krulan v. TD Bank NA, Case No. 16-cv-2919; and McEnerney v. TD Bank NA, Case No. 16-cv-2918, all in the U.S. District Court for the District of New Jersey
Final Hearing
1/11/2018
UPDATE: The TD Bank Penny Arcade Class Action Settlement was granted final approval on January 12, 2018. However, on January 23, 2018, an appeal was filed. Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.
UPDATE 2: On February 14, 2018, the appeal to the TD Bank Penny Arcade Class Action Settlement was dismissed. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Penny Arcade Settlement
c/o GCG
P.O. Box 10470
Dublin, OH 43017-4070
1-855-312-1974
questions@PennyArcadeSettlement.com
Class Counsel
Bruce H. Nagel
NAGEL RICE LLP
Michael Criden
CRIDEN & LOVE PA
Stephen P. DeNittis
DENITTIS OSEFCHEN PRINCE PC
Jeffrey Smith
WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP
John Radice
RADICE LAW FIRM
Defense Counsel
David S. Lesser
WILLIAM CUTLER PICKERING HALE AND DORR LLP
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40 thoughts onTD Bank Penny Arcade Class Action Settlement
Live in Washington State.
My wife got a check this week……very excited!!
Amount?……$0.66
Damn! shoulda opted for online payment……maybe they would’ve given me the postage in my check!
The Court paperwork says each person was to receive .26% of the amount they had cashed in. I did not get anywhere near that amount…
I only received .13 cents! BUT, cashed in over $7000 – $8000 in Coins at TD Bank located in NYC and I was a customer with a valid account at the time and still have that same account. The ONLY reason I opened a TD Bank account was so I could cash in my water bottles full of coins without having to pay a fee. To receive a deposit for .13 cents is a slap in the face and also lets me know that this settlement is fraudulent… Each time I cashed in coins, I could only bring up to $1000 at a time because the manager got upset with me and said he could not allocate someone from his staff to just stand near the machine with me for an hour changing out the change bags as they filled up. So, he told me I could only bring $1000 each time. I know they have it on record and also have me on video tape.
TCA, is there anything that can be done to resolve this? I am going to call the PennyArcadeSettlement Administrator # to see if I can get this resolved because I know I am owed more than .13 cents…
You can contact class counsel with your concerns. Counsel is listed in this article and on the settlement website and can be Googled for contact information. You can also contact the settlement administrator and inquire about how exactly your claim amount was calculated: questions@PennyArcadeSettlement.com. Good luck!
I never received a penny from TD and I am an account holder with them I used their coin arcade many times yet never received a penny. I think that’s pretty sad that they ignored paying their actual customer
Received $0.40
GA
I received $1.81 through paypal today 04/25/18
Got a paypal payment for 0.14 cents.. whatever shall I do with it .. #NYC
like a good peasant 0.04 cents is what I got… it made my weekend.
1.10 is what I received. Smh this is crap okay. As any of times as I used that machine. Smh