Maybe someone reading this blog post can help me understand the theory behind a penny check. The other day I received a check for a $0.01. It came from GAP when I accidentally overpaid $0.01 on my Gap credit card balance a few months back. The penny check came in the mail with a $0.41 postage paid stamp.
Now maybe someone can explain to me why they need to mail me a penny check? Why couldn’t it stay as a credit on my account for when I need to use for the next bill? It doesn’t seem very cost effective for them to mail me a penny check after paying 41 cents postage. I remember once receiving a nickel taped to a paper from a certain charity reaching out for donations but this is even more ridiculous.
On the contrary, I have a credit balance of over $300 at Nordstrom for over 2 months. But they aren’t actively clearing my balance and sending me a credit check. In fact, they are making it more difficult by forcing me to pick up a phone and call their customer service during their service hours. This at least I understand. Of course they want to keep my money. =) I just need to stop being lazy and request a check.
Hmm, I’m not even sure if I can even deposit that GAP check. I wonder if Ally’s mobile e-deposit would complain an e-check deposit for one penny. =) I feel like the computer would complain that it’s bank error. Anybody else tried?