Today we received a rather interesting item in the mail. It was a check from GEICO in the amount of .40 cents for a "refund due to a recent adjustment to your policy."
After I thought "oh goody, a refund!!" (LOL--yes I was being facetious) I took a closer look at the postmark, something told me that I just had to do that. Sure enough my suspicions were right--it cost Geico 31.2 cents to mail it the .40 cent check.
It cost GEICO 8.8 cents just to mail me that check (not to mention the cost of processing, paper, etc).
It would cost me .39 cents to mail it to my credit union which is located in Jacksonville.
I shredded it. I mean really now, don't insult me for a lousy one-cent refund.
I think I'll be jotting an email to the President of GEICO and ask him why they couldn't simply take the .40 cents and apply it to our next six-month premium which is due April 19th. Surely the cost of applying that credit would have been far less, ya think?