Cryptocurrency Q&A
Do banks still accept Canadian pennies?
Do banks still accept Canadian pennies?
Pietro
Sat Nov 09 2024
|
7 answers
1425
I'm wondering if banks still accept Canadian pennies as a form of currency, or if they have been phased out and are no longer usable in financial transactions.
7 answers
BlockchainVisionary
Sun Nov 10 2024
Merchants and service providers continue to price their goods and services in one-cent increments.
Was this helpful?
59
69
Daniele
Sun Nov 10 2024
The CBA emphasizes on its website that the penny remains a legal tender in Canada.
Was this helpful?
319
51
Valentina
Sun Nov 10 2024
This practice reflects the enduring influence of the penny on the Canadian pricing system.
Was this helpful?
252
75
CryptoGladiatorGuard
Sun Nov 10 2024
Notably, banks in Canada still accept pennies as a valid form of currency.
Was this helpful?
118
70
LightWaveMystic
Sun Nov 10 2024
This means that the one-cent coin is still an officially recognized form of payment within the country.
Was this helpful?
227
57
Load 5 more related questions
