ONE LESS COIN. ONE MORE REASON TO BANK WITH FNB.
Pennies have had a good run. After more than 150 years in circulation, the U.S. Treasury officially stopped producing them in 2025, and FNB’s penny supply is running short. Rather than leave you counting change that doesn’t exist, we created a better way forward.
Introducing FNB’s Good Cents Rounding Program. Effective May 11, 2026, cashed checks will be rounded up to the nearest nickel, in your favor. You will never receive less than you’re owed. If rounding applies, FNB covers the difference on your behalf. Simple, straightforward, and one less thing to worry about at the teller window.
Have questions? We’ve got answers below.
FAQs
In 2025, the U.S. Treasury made the decision to stop producing pennies due to the high cost of production (approximately 3.7 cents per penny). Although pennies remain in circulation, FNB is no longer able to order pennies from the Federal Reserve, which means our supply is very limited.
To continue serving customers efficiently, we are rounding cash disbursement for checks cashed at FNB branch and drive-thru locations to the nearest nickel, in your favor, ensuring you never receive less than you’re owed. If rounding applies, FNB will cover the difference on your behalf.
If a check presented for cash ends in:
$0.01, $0.02, $0.03, or $0.04 – it will round up to $0.05
$0.06, $0.07, $0.08, or $0.09 – it will round up to $0.10
$0.00 or $0.05 – no rounding
For example:
If your cashed check is $50.12, FNB will round up to $50.15.
If your cashed check is $50.78, FNB will round up to $50.80.
No! Your money is our priority. Whenever rounding applies, it will be done in your favor, so you’ll receive the same amount or more than what you’re owed. FNB will cover the rounded amount on your behalf- ensuring you never come up short.
FNB will begin rounding transactions on Monday, May 11th, 2026.
Yes, FNB will continue accepting pennies in deposits.
Penny rounding will only apply to cash disbursement for checks cashed at FNB branch and drive-thru locations. Electronic transactions are not affected.
Call 888-934-2536 or email Questions@GrowWithFNB.com
According to the U.S. Department of the Treasury: Over the past 10 years, the total production cost of the penny has risen from 1.3 cents to 3.69 cents per penny. These production costs include materials, facilities, and overhead. The U.S. Mint projects an immediate annual savings of $56 million in reduced material costs by stopping penny production. Additional savings will accrue as facility usage is adjusted, and other efficiencies are achieved with the reduced production. Given the increasing number of non-cash transactions and the very low purchasing power of a single penny, the Department of Treasury does not believe continued production is fiscally responsible or necessary to meet the needs of commerce in the United States.
While pennies are still legal tender and can be used, fewer are available to banks and businesses – resulting in the current shortage.
U.S. Dept. of the Treasury: Penny Production Cessation FAQs | U.S. Department of the Treasury.
U.S. Mint: Penny FAQs | U.S. Mint
