Pleasure and Pain

Improving the human experience one day at a time

Pleasure and Pain: photos by Whitney G. Hess

TD Bank’s Penny Arcade

August 22nd, 2009 · Comments · Customer Experience, Gadgetry, Pleasure

[UPDATE: I'm getting a lot of visitors from TD Bank's Intranet. If you are a TD Bank / Commerce Bank employee, please leave a comment on this post with your thoughts!]

I save my spare change in a ceramic vase that was given to me by my childhood babysitter. It isn’t cute like a piggy bank, but every time I drop in some coins I feel a sense of encouragement when I think of her.

Whenever the vase gets filled to the top, I bring it to my bank to exchange the coins for paper. It’s a double reward: I get to deposit all the money I saved (woo!), and their Penny Arcade coin-counting machine is so much fun to use (double woo!).

The Penny Arcade originated at Commerce Bank, known throughout NYC and surrounding areas for its unrivaled customer service (let’s call them the Zappos of banks). Just a few examples of how awesome they are: they refund your ATM fees from other banks; deposits clear on the next business day (even from other banks); and they’re open late and 7 days a week.

TD Bank bought out Commerce Bank last year, and by the Fall the name and branding had been replaced in all of its locations. As a customer for several years, I was unsettled by the change and afraid that Commerce’s zest and perks would soon disappear. So far the service has remained top-notch, and the Penny Arcade is still in its place and still totally free (to customers and non-customers alike).

When I brought in my change the other day, I decided to document the process to share with all of you. It really epitomizes what great customer experience is all about — not just making things easy, but also pleasurable. See for yourself.

The Penny Arcade

There’s a touchscreen straight ahead, shelf to pour in coins, and a “KIDS Counter” on the right so the little ones to join in on the fun.

Step 1

You’re walked through the process by a cartoon kid, which is an automatic cue that this is going to be fun (and it doesn’t hurt that she looks like me).

Step 2

You’re shown how to dump the coins into the machine and gently reminded to inspect them.

Step 3

Instead of making you just stand there and wait while your change is being counted, you can choose to play a game and guess how much it’s going to add up to.

Step 4

I made a guess based on my previous trips to the Penny Arcade.

Step 5

Then I shuffled all the coins into the machine, mimicking the hand motion I’d seen a few screens earlier.

Step 6

As the coins are falling into the machine, there’s lots of clinking noise — almost a spectacle, like winning at the slots.

Step 7

When all the coins have been counted, you’re prompted to move on.

Step 8

Arrrgh! I missed the screen where it actually displays my total amount. But trust me, it’s there. I just didn’t snap fast enough.

Step 9

Bummer. My guess wasn’t even close so I didn’t win.

Step 10

By this point you’re really itching for the next time you can come back to the Penny Arcade.

Receipt

Best of all is the receipt that’s printed showing me all of the money I saved. $25 more than I had estimated!

So what are you waiting for?! Find a TD Bank branch near you and bring in your spare change. You’ll be surprised just how much fun banking can be.

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  • paul123collins
    I do still love the Penny Arcade, but I'm wary of the TD Bank takeover. Anyway this does seem like an interesting, seems like a perfect solution.

    Paul J Collins
    Market Health
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  • Shqiptare
    Does this Penny Arcade give you cash ? or does it just count them ?pleaase let me know A.S.A.P
  • jimbo3434554
    DO I NEED TO HAVE A TD BANK OR COMMERCE ACCOUNT TO USE THE MACHINE??

    I HAVE CITIBANK.
  • Absolutely not!
  • jwa_jwa_jwa
    is there any limit to how much you can count through the machine?

    I have about $1500 in Presidential coins in rolls, will the teller exchange these for me or should I go through the machine?
  • valerian42
    Thanks for this great guide, my wife and kids have an entire draw completely full of coins which they have been collecting for several years now. I’ve always hated taking bags of coins to a bank counter so this seems like a perfect solution. I’m sure my Trianz accountant will be surprised when he sees my account gain a random $100 out of nowhere.
  • Tom
    I actually went to a penny arcade back when it was commerce... I had actually went to the trouble of rolling a large portion of the coins I was putting in, but had a bunch of extras to add so I just put it all in. I knew within about $10 how much I was putting in and the machine came up and missed about $60 in quarters (which were the rolled portion.) He took a look at the receipt and the logs in the machine and within about 10 minutes to investigate properly he gave me the difference. Mine was a good experience because I had the coin rolls to sort-of prove it... that is not to say that the machine didn't screw up and lose $60 of my money though. If you have the time to roll it... you are much better off... but I would use penny arcade again in a pinch without hesitation
  • Tom
    "he" being the branch manager at the time.
  • njmaniac
    Do you get cash back? Or do you have to take that receipt to a window and get money? Does one have to have an account open? Or can anyone go in, use the machine and get cash back?
  • D
    I'm a little apprehensive in trying these as i've heard people getting cheated of 20 to 50 dollars of coins(counted before insertion) ... have u ever tried counting before putting it in?
  • I've heard of other coin-counting machines not being accurate, but TD Bank's Penny Arcade has never miscounted.
  • ATMgirl
    I work for TD Bank as well and a large majority of us consider negative customer impact unacceptable. Although it does happen, we hope to review the situation and learn from any and all situations! I hope that our customers stick with us through these rough times. The cream of the crop will rise again in this company so hang in everyone!
  • crystal1982
    I work for TD Banknorth also, and it's a great company to work for, and we strive to make our customer's happy!
  • jaydizzle
    I, too, work for TD Banknorth and can tell you that we are going through as many changes as the former Commerce Branches. When we are done, it will truly be the best of both worlds!
  • Thanks for commenting, Olivia. And thanks for blogging about this, Whitney.

    I love the Penny Arcade, and had just used it the same day Whitney wrote this post -- both of which made me smile. Great user experience and even better customer service at TD/Commerce. Amazing how one of the first bits of advice I got from the locals when I moved here four years ago was "YOU HAVE TO OPEN AN ACCOUNT AT COMMERCE."

    The online experience used to be quite bad, but it has improved considerably in recent years. Very happy with the TD Bank transition. Same faces, same smiles every time.
  • Is it cheating if I count by hand and THEN go in? O:) I have a few 'C' for Commerce piggy banks :)
  • Olivia
    I currently work for TDBanknorth and I can assure everyone who is weary of the "take over" that although the name is changing, the faces and service isn't. We strive to make every customer feel great about choosing to bank with us and if you ever have a problem or concern...just tell us and we'll do what we can to make it better for you. And even better...with a SMILE! We do apprecieate the business that we have and trust me when I tell you....good things are coming!!
  • Will Schneider
    I won once! I don't want to ruin it for everyone, but I will say that the "prize" wasn't a big deal. I kept it around for a few weeks to be a testament to my excellent guessing skills, but then finally admitted to myself it was dumb and threw it away. Side note... I still guess each time before I use the machine.
  • mattejames
    I gotta ask. What's the prize you win if you get it right?
  • I don't know because I've never won!
  • nonlinear
    ha, i just used penny arcade yesterday, and decided to photograph the experience: http://blog.nonlinear.cc/post/my-bear-bank/
  • I do still love the Penny Arcade, but I'm wary of the TD Bank takeover. At my branch in Harlem, they replaced 3 of the 4 ATMs with Withdrawl-only machines, and the one ATM that takes deposits is always broken. So frustrating! Anyway, congrats on your $100!
  • Yep, same at the Tribeca and 14th St/6th Ave branches. The ATMs for deposit
    aren't clearly marked. But so far, I haven't experienced any problems with
    the machines. I'll report back if I do.
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