What to Expect at OlyFed
For OlyFed customers, the good news is that the impact will be minimal.
We will continue to accept pennies for deposit at all OlyFed branches, and day-to-day banking will operate as usual. Customers may still deposit pennies into their accounts, and we will continue to fulfill penny orders for business customers as long as supplies allow.
As the Treasury’s plan moves forward, pennies will remain in circulation until supplies are depleted. We are actively monitoring and managing our coin supply. Branch and customer coin orders will be adjusted as needed to reflect changing inventory levels.
Once OlyFed’s inventory of pennies runs out, we will follow federal guidance on next steps and will communicate any future changes clearly and in advance.
We’re Here to Help
Our priority is to make this transition smooth and simple for our customers. If you have questions about coin deposits or cash handling, our team is always happy to help.
