U.S. Treasury Ends Penny Production

What is Happening

The U.S. Department of the Treasury officially stopped producing pennies in November 2025. This change was made for a few reasons:
 

• They're expensive. It costs well over one cent to make each penny.
• They're rarely used. Fewer people use cash for purchases and even fewer use coins, especially pennies.
• Other countries have done this. Canada and several European countries countries have successfully implemented rounding systems without disrupting consumers.

While pennies remain legal tender (you can still use them) and the Federal Reserve will continue to recirculate the roughly 114 billion pennies currently in existence for as long as possible, they will begin to show up less and less in circulation.
 

What This Means for You

• You can still use pennies anywhere cash is accepted, but they'll become less available over time.
• We will continue to provide pennies while our supply lasts. Quantities may be limited.
• We will continue to accept pennies for deposits for the foreseeable future.
• Cash withdrawals and cashing of checks may be rounded to the nearest nickel once our supply is diminshed. 
• Card and digital payments are unaffected.
• We encourage you to start planning for the impact this may have on your business or personal financial transactions.
• We will keep you informed along the way.

We're here to help make this transition simple and stress-free. If you have concerns, especially if you rely on cash, reach out. We’ll walk you through your options and help you feel confident.
 

Frequently Asked Questions

Helpful Links

• U.S. Mint Penny FAQs
• U.S. Department of the Treasury FAQs
• Federal Reserve FAQs