Important Notice—U.S. Pennies
Earlier this year, the U.S. Treasury announced it would end the production of pennies. While pennies already in circulation remain valid currency and are still accepted by certain businesses, some Federal Reserve Districts have ceased providing or accepting pennies from financial institutions.
As a result, Washington Savings Bank locations will no longer accept pennies effective Saturday, November 15th.
- Redemption of Pennies—Pennies will be accepted from customers, including those from the coin machine, through Friday, November 14th.
- Cash Transactions—The bank will continue to handle cash transactions as usual until the penny supply runs out and a formal strategy is put in place.
- Purchasing Pennies—Business clients may acquire pennies in limited amounts while supplies last.
We appreciate your understanding and patience as we navigate this transition.
If you have any questions, please contact us at 800.836.7173.
