Pennies have slowly disappeared over the years, and now they’re greatly restricted for purchase from the U.S. Treasury. Because of that, Pioneer Bank has a simple and fair way to handle those small amounts that used to rely on pennies.
If you’re a Pioneer Bank customer:
Any pennies you’re owed are automatically credited to your account. No loose change, no hassle.
Any pennies you’re owed are automatically credited to your account. No loose change, no hassle.
If you’re not a customer:
Your total is rounded to the nearest nickel (five cents) so transactions stay quick and consistent.
Here’s how the rounding works:
• Amounts ending in 1, 2, 6, or 7 cents are rounded down.
• Amounts ending in 3, 4, 8, or 9 cents are rounded up.
• Amounts ending in 1, 2, 6, or 7 cents are rounded down.
• Amounts ending in 3, 4, 8, or 9 cents are rounded up.
Any difference from rounding for non-customers is handled through our regular exchange fees.
Pioneer Bank is committed to keeping things simple, fair, and easy for everyone as we adjust to life without the penny.
