Years ago, I received a check from a company for $.02 (two cents!), so I never cashed it. Still have it in a file, in fact. Last month I received a check from Hearst – publisher of the Houston Chronicle – for $.01 (one cent!!). It came with no explanation… and since I don’t have a subscription to said daily, I have no idea why they sent it to me. (Perhaps a Class Action lawsuit settlement?)
Thinking this through from their end: someone (or AI?) had to take care of this at the Hearst Service Center in Charlotte. Then it had to be mailed. So there’s at least $.63 (sixty-three cents!!!) of expense, plus any cost of time involved in processing.
The check says ‘Void after 90 days’ and I don’t intend to cash it, so it will join the other one in my file drawer. Of course, what I’d really like to know is the reason I received it. I would contact them and satisfy my curiosity – except that would just cost me more money in lost time that I could spend doing something more valuable.
