Pennies

The End of the Penny: How It Impacts Orders and Deposits

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The penny is on its way out. Earlier this year, the U.S. Department of the Treasury announced it will stop producing pennies. While this may feel like a small change, it can have a big impact on businesses that regularly handle coins. Here’s what you need to know and how F&M Bank can help you prepare.

Here’s what you should know:

The Federal Reserve’s Role

  • The U.S. Mint makes coins.

  • The Federal Reserve distributes them to banks and credit unions.

  • When penny inventories run out at a given coin distribution location, that location will no longer fill penny orders.

Penny Deposits

  • Coin distribution locations accepting deposits will vary over time.

  • Some locations may continue to accept penny deposits even if they stop filling orders, while others may cease both simultaneously.

  • Banks and credit unions can work with their local FedCash® office to coordinate penny deposits at an alternate location.

Penny Orders

  • Once a distribution location’s penny inventory is gone, it will no longer fulfill orders.

  • Customers should check the FedCash Services application via FedLine Web® or FedLine Advantage® for the latest updates.

  • If you receive an error message while placing an order containing pennies, remove pennies and resubmit, or try an alternate endpoint.

  • Large orders close to deadlines can be submitted separately from other coin orders without incurring extra fees.

What This Means for You

F&M Bank continues to support your coin and cash needs. If your business handles pennies, we recommend:

  • Reviewing your current penny usage.

  • Preparing for reduced availability.

  • Contacting us for help with deposits or ordering questions.

Have questions about how this impacts your business? Our team is here to help you navigate cash and coin management.