VANCOUVER (NEWS1130) – You are not the only one still being weighed down by pennies in your pocket!
News1130 is on the street finding out many shoppers are still confused by how these cents will be phased out, and when?
Few retailers are rounding up or down. One cashier we spoke with says he is told to hand them out.
“I guess it takes a while to be phased out. What it is is that the banks won’t give businesses pennies anymore, so you can’t get new pennies…but they are still going to be kicking around. We will deposit them until they are all gone, but I still have rolls of pennies.”
Many say the feds need to be clearer about this penny debacle.
Everything stays the same if you don’t pay cash. If you pay by debit, credit or cheque, prices will stay the same and there is no rounding.
Because the pennies are legal tender, your bank will take them indefinitely.
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This is stupid. There should be clear guide lines. All retailers should act the same way. Right now its the wild west.
actually has a sign at their registers saying “Yeah, we’re still using pennies, get over it…” or something along those lines.
For heaven’s sakes, figure it out and get rid of the pennies already! You’ve had months and months to sort this out. If I were a retailer, I would have had my amounts rounding all the time. I’d also post my prices including the taxes.
Free Android “Penny Pincher” app let’s you SAVE a penny or two.
https://play.google.com/store/apps/details?id=com.wiebej.pennypincher
Lets get rid of all the money and go back to trading pelts and beads….DeEvolution, are we not men?
“Because the pennies are legal tender, your bank will take them indefinitely”
Remember that banks will only take them if they are properly rolled. Time for a quick visit to your loony store and pick up some rolls. I have rolled over $20 in pennies so far…
I went through Timmy’s in Langley twice this week. My order 1 large coffee and two old fashion plain donuts. Total $4.08. I paid cash and it was $4.10 which is how the rounding works, I went through the drive through the next day and ordered the same and paid with Debit and was still charged $4.10. This is not right, they are just rounding up on plastic and cash, yes it’s only a couple of cents,but,multiply that times the number of people that pay Debit and it is a good year for Timmy’s. I tried to call the Manager and was told to call back.
Yeah, and if someone was charged $4.07, they’d be charged $4.05, so it all comes out in the wash.