The coronavirus pandemic has significantly disrupted the regular flow of coinage through the economy and the availability of coins for banks. As a result, the Federal Reserve is limiting the distribution of pennies, nickels, dimes, and quarters until circulation patterns return to normal and the U.S. Mint can increase production.
Because Bank of Utah’s supply of coin has been significantly reduced, we may not be able to fill all coin orders. We encourage our business customers who use coins regularly to manage their inventory and take steps to reduce the amount of coin needed until supplies normalize.
What can you do to help getting coins back into circulation?
Bring your jar of spare change to your local branch. We'll deposit the funds and reward you with a Bank of Utah piggy bank you can fill up again.* It's good for your bank account and good for the businesses and consumers that rely on a supply of coins.
Together, we can make a difference. Together, We Are Utah.
Bank of Utah In The News:
KSL News - Gephardt: Gephardt: COVID-19 causing coin shortage for Utah retailers, banks
Deseret News - The coin shortage is the latest cost of the coronavirus pandemic
** $10 minimum deposit. While supplies last.*
