Following the U.S. Department of the Treasury’s decision to end production of the one-cent coin, the Federal Reserve announced changes that affect penny orders and deposits. Some distribution locations have already begun running out of supply.

The Federal Reserve has published Frequently Asked Questions (FAQ) about Penny Deposits and Orders on their website. Order and Deposit Updates | Federal Reserve Financial Services

What is Changing – Effective November 7, 2025

• We will no longer be able to order new pennies from the Federal Reserve, which limits our ability to provide them in change orders.
• We will no longer offer penny rolls or boxes to ‘consumer’ customers.
• Commercial customer penny orders will be limited to $5 weekly.

How Can You Prepare

• Deposit or exchange your pennies soon. While no official cutoff date has been announced, there will come a time when we can no longer accept pennies for deposit.
• Skip the change-making altogether and consider using your debit/credit card, digital payment, and mobile payments instead. These transaction types will continue to process in exact amounts.

For Business Customers

• Begin preparing to round cash transactions to the nearest nickel.
• Review your coin inventory and adjust future orders accordingly.

While the penny may be retiring, Wood & Huston Bank is here for good. We are here to support you through this transition so please reach out to a Trusted Advisor if you have any questions or need assistance.