Cryptocurrency Q&A Do banks still take pennies?

Do banks still take pennies?

Emanuele Emanuele Thu Sep 19 2024 | 0 answers 0
I'm curious, do banks still accept pennies as a form of payment or deposit? With the rise of digital currencies and the decline in physical cash usage, I've noticed that some retailers and businesses have stopped accepting pennies due to their low value and handling costs. So, I'm wondering if the same trend is being observed in the banking sector as well. Are banks still willing to take pennies from customers, or have they also started to phase them out in favor of more efficient and cost-effective payment methods? Do banks still take pennies?

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