Bank pulls coin counters after accuracy is questioned

CHERRY HILL, N.J. -TD Bank is in the process of taking all of its coin counting machines out of service after reports indicated that the machines weren't returning accurate counts on deposited coins.

The Canadian-headquartered bank says the machines will be brought back when they're satisfied with the performance requirements.

Recent reports indicated that some coin counts were miscalculated by nearly $50. TD Bank's Penny Arcade charges a fee of 8 percent of the coin deposit to those who don't have accounts with the banks.

WPVI-TV in Philadelphia reported that tests at coin-counters at 17 locations found that just one was accurate to the penny.

TD Bank says it will be enhancing routine maintenance and testing of its machines.