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Notice on Penny Availability
The U.S. Treasury Department recently announced that it will no longer be making pennies. This decision comes after
years of rising production costs — today it actually costs more than one cent to mint a penny! While pennies will continue to be legal money, they will slowly begin to disappear from everyday use.
Recently, we have not been able to order Pennies from the Fed due to a lack of availability. As long as we have pennies in our individual branches, we will still accept and provide them to our customers, but we anticipate their availability being limited soon or not being available at all.
What does this mean for you?
- Pennies are still good to use. We will gladly accept them as long as we have supply.
- You may notice fewer pennies available. Banks, including TCB, can no longer order them from the Federal Reserve, so supplies will gradually become limited.
- Your business may be impacted. If you run a business and rely on pennies for change, please make a plan to round up or round down.
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