The End of the Penny

The End of the Penny
& What It Means for You

Everything you need to know about the penny phase-out, how it affects your banking, and how you can turn spare change into impact.

Turn your spare change into impact!

The U.S. Department of the Treasury has stopped minting pennies, but existing pennies will remain legal tender for the foreseeable future. Digital payments: including debit, ACH, and online transactions, are unaffected and will continue to process to the exact cent.

Penny Availability at Falcon National Bank:

Penny orders limited to $5 per order for businesses, as supplies allow
Full boxes or bags of pennies will no longer be available

Impacts you will start to see as the penny phase-out advances:

For Businesses:

Manage change inventory and review updated change-order limits
Deposits of pennies are still accepted
Check cashing continues to the exact cent while supplies last
Review cash-handling procedures and prepare for rounding

For Consumers:

Cash transactions may begin rounding to the nearest nickel; digital payments remain exact
We will continue cashing checks to the exact penny for the foreseeable future

Questions?

Call or visit your local Falcon National Bank branch - we're here to help you navigate this change confidently.

Pennies for a Purose: Turn your spare change into impact!

Bring in your pennies to a local branch and donate them to our Penny Jar. Every penny donated will go to support a local charity.

It's an easy, fun way to clear out your coin jars, support a local charity, and help your community adapt to the end of the penny - all at the same time! Find a local branch to participate.