Farewell to the Penny: What you need to know.
Posted On: November 25, 2025 by Prevail Bank in: Banking / Money Management
Farewell to the Penny: What you need to know.
The penny will no longer be minted (made) in early 2026, which raises a bunch of questions. Why is the penny being phased-out? Will pennies still be available after that date? Can banks continue to distribute pennies? How will businesses handle cash transactions moving forward?
Here are the facts as we know them: Pennies are still legal tender. They remain useable for transactions, deposits, and withdrawals,...
