I got an unexpected check in the mail just before Christmas. It was for rounding and calculation errors that occurred in my 401k account over a three year period. It came with a letter that had a lengthy explanation and a handy Q&A on the back.
So how much was the check worth? $0.01. Yes, one cent. The stamp to mail the check to me was $0.39. The labor to process the check and send it was at least a few dollars. There is no way I would write out a deposit slip, make a deposit and reconcile it in my Quicken software for one cent.
I got an IRS refund of $1 once. I was going to frame it, but didn’t want them to have an outstanding check that could have drawn any attention to myself (Hey, I pay all my taxes, but who wants an audit?).
A check for one cent. I think I’ll frame it. After I tithe on it, of course.