Retiring the Penny
Production for the Penny Ends
The U.S. Treasury has announced it will stop producing pennies. The Federal Reserve will continue to distribute remaining inventory, but it’s not guaranteed that pennies will be available everywhere. Here’s what you need to know about how pennies will be used going forward.
What to Know
Production End Date
The U.S. Treasury has already received its final order of penny blanks, and reports share that the final penny is being minted November 2025.
Using Pennies
Existing pennies will still be legal tender. However, you may see fewer places where pennies can be used easily as businesses adapt to this change.
Changes in the Bank
With the penny’s retirement, stock of pennies in Webster Five branches is limited. Your transactions may look different if you have or request change. Please review the FAQs for details.
FAQs
What's happening with the pennies I already have?
Existing pennies can still be used after production of new pennies ends. However, you might see less places where pennies can be used easily. We’re always happy to deposit any change you have into your account to make it simpler to spend or save.
Is this change only happening at Webster Five?
No, this is a change at the federal level affecting all banks and businesses.
Can I still get pennies in Webster Five branches?
For our personal banking customers, we unfortunately can no longer give penny rolls as a result of the penny shortage. You are still welcome to deposit pennies or use our coin counting machines to more easily spend or save that change.
For our business customers, due to limited stock as a result of the penny shortage and upcoming production stop, we are only able to include a limited amount in pennies in your change orders.
What happens if I'm cashing a check that needs pennies?
We will do our best to accommodate any check cashing that requires pennies while our stock of pennies remains. However, we recommend you deposit your spare change into your account for easy access to spend and save.
