The end of the penny: What it means for you
The U.S. Treasury will stop producing pennies in early 2026. Our goal is to make the transition easy for you.
What you can expect
For most customers, the impact will be minimal. Pennies can still be used and we will continue accepting them. You may notice fewer pennies available during branch visits, but we will continue processing your transactions.
To make things simple:
- We’ll continue to provide pennies while our inventory lasts.
- If pennies are not available for your cash transaction, then we will round up to the nearest 5 cent increment.1
Business Customers
We’ll fulfill penny orders for your business as long as supplies allow.
We’re here to support you during the transition
At Columbia Bank, we’re committed to keeping your banking experience smooth. We are working with the Federal Reserve and other stakeholders to monitor coin circulation trends.
If you have questions or need to make operational adjustments related to the penny phase-out, contact Treasury Management Support via Go-To Chat or at 866-563-1010.
1 A cash transaction amount payable to the customer ending with 1 cent, 2 cents, 3 cents, 4 cents. 6 cents, 7 cents, 8 cents or 9 cents will be rounded up to the nearest amount divisible by 5 cents. In no event will Columbia Bank round up more than 4 cents per cash transaction. Transaction rounding is subject to change without notice. Check cashing, withdrawals, and all other transactions remain subject to the policies, terms, and conditions applicable to the account or service. Columbia Bank is not liable for rounding up any transaction to the nearest 5 cent increment, including, without limitation, rounding up when pennies are, or may be, be available.
