Penny Availability Notice

 

Notice To Our Valued Customers:

As a result of the U.S. Department of Treasury’s decision to end production of the U.S. penny coin, the St. Louis Federal Reserve has notified all member banks that when the inventory of that specific coin is depleted, they will no longer fulfill penny orders. Murphy-Wall State Bank and Trust Company has been notified by our armored delivery services that they will no longer be handling penny shipments to their customers. Therefore, upon the depletion of our penny supply, we regrettably will have to limit our ability to fully cash checks that are not divisible by 5. At that time, in the case of a remainder, we will deposit the excess funds into your checking or savings account with us.

  • Example: Jane Doe requests a check for $125.04 to be cashed.
    • $125 could be provided in cash.
    • The remainder of $0.04 would be deposited to her deposit account.

Additional Information for Business Customers:

We ask that you contact us in advance to place PENNY coin orders so that we may try to use avenues, other than our normal armored service, to provide you with your requests, as available. We encourage you to consider how the Treasury’s decision may impact your business’ cash operations, if you have not already done so. Please speak with a Customer Service Representative about our electronic services and how to request PENNY coin orders.

Links to FAQ Resources:

United States Federal Reserve

St. Louis Federal Reserve Bank