Follow us! >

USPS begins penny-rounding policy

Because pennies are no longer produced by the U.S. Mint, the Postal Service is rounding to the nearest nickel on change due the customer for cash transactions when pennies are unavailable.

A sign explaining the Postal Service's new penny-rounding policy
Post Offices will display signage in retail lobbies to explain the new penny-rounding policy.

Change due to the customer ending in 1, 2, 6 or 7 cents will be rounded down. Amounts ending in 3, 4, 8 or 9 cents will be rounded up.

If the total cash visit amount is less than 5 cents, the purchase amount will be rounded up to 5 cents, unless paid with exact change.

Pennies are legal tender and are still accepted as payment.

This new policy took effect Dec. 12.

The rounding rules do not apply to credit/debit card or check transactions.

The U.S. Mint ceased production of pennies, which were introduced in 1793, on Nov. 12.

Sign up to receive our Daily Postal News blast

Related Articles

Tell us what you think below!

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Hot this week

Mailbox zero: My yearslong struggle to eliminate snail mail from my life

Mail – who needs it? Not me. And for 13 years I’ve been locked in an endless battle to keep my mailbox clear of any unwanted correspondence.

Texas mail truck fire

Another postal truck fire in BROWNSVILLE, TX : N Expy

Beloved Wilmington mail carrier says farewell to neighborhood after years of service

A beloved postal worker is said farewell to his route through a Wilmington neighborhood on Friday.

A US Postal Service plan to raise cash could cost the agency its biggest customer

The USPS faces a tight squeeze. With fewer people using the mail, it’s lost more and more money: $9 billion in the 12 months ending in September alone.

US Postal Service About to Run Out of Money

The U.S. postmaster general says the U.S. Postal Service could run out of money as soon as a year from now.
spot_img

Related Articles

Popular Categories

Secret Link
0
Would love your thoughts, please comment.x
()
x
Send this to a friend