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Penny Phase-Out Policy

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Penny Phase-Out Policy

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Effective January 1, 2026, this policy will apply to cash payment transactions. All cash amounts will be rounded to the nearest 5-cent increment as follows:

 

• 1¢–2¢: rounded down

• 3¢–4¢: rounded up

• 6¢–7¢: rounded down

• 8¢–9¢: rounded up

 

Electronic payments (credit/debit, online, and checks) will continue to be processed at the exact amount with no rounding.

Penny Phase-Out Policy. Effective January 1, 2026, this policy will apply to cash payment transactions.  





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