Since penny production has ended, a new Independent Banker article spotlights the economics of rounding and offers insights on dealing with the change.
Details: The latest Independent Banker magazine shares tips on creating a rounding policy, providing support to business customers, and working with core providers to update teller systems.
More: This month’s Independent Banker also features articles on how community banks should evaluate fintech, ICBA LIVE 2026, using AI to fight fraud, and more.
Access: The magazine is available on the Independent Banker website and via the digital edition. Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.
Other Penny Resources:
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The Treasury Department last month published non-binding guidance for businesses and consumers on handling various penny situations.
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An ICBA blog post breaks down recent developments and ICBA’s efforts to gain clarity and address disruptions stemming from the end of penny production.
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A Federal Reserve Bank of Atlanta blog post examines possible rounding methods the United States could use when penny production is phased out.
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The Federal Reserve Board released FAQs on anticipated changes to penny ordering and deposits following the Treasury Department decision to end penny production.