23 Jun

Don't spend it all in one place

So I got a piece of mail this week -- not surprising, as I usually get some mail each week. One in particular was from my bank, Wells Fargo (WF).

Now, I'm used to getting mail from WF on a regular (weekly) basis. Such mail ranges from:

Pre-approved for a WF Plutonium Credit Card

You're qualified for a Home Equity Line of Credit

Open a savings account today, with a competitive rate of 0.0005%

Competitive rate?! They must mean a rate that keeps THEM competitive.

Sorry about the mini-rant there. Anyway, this specific piece of mail I received looked different than anything else I have received from them before. After opening the up, I quickly realize it was a check!

Upon reading the letter accompanying the check, it mentioned that it was an escrow refund check. Odd, as we haven't had an escrow account in 10 years, and it was not with WF. But we did refinance our home a couple of months ago, so a temporary escrow was probably set up.

Excited to see how much the check was worth, I quickly went to the bottom of the letter, which contained the check:

Holy hell, where to spend this amount of money!?

$0.63? 63 freakin' cents?! I understand that WF technically can't keep it, but seriously, did you need to send a check out for this? Why not just deposit it in my checking account? You probably spent more to process the check than it's worth.

And it's a good thing you require an "Authorized Signature" on the bottom. Normally, corporate checks require signatures for amounts greater than $25,000 or $100,000 or something. Surely the person processing this check had to have been laughing.

And how am I supposed to cash this? We have direct deposit for our paychecks, so we really never visit the teller anymore. Do I deposit this check or take it as cash? Which is less embarrassing? Either way, I can imagine the scene:

Schoms: Yes, I'd like to make a deposit (hands deposit slip and check)

Teller: Certainly, (looks at check)... whoa, you're certainly doing well Schoms! Do you want to deposit the whole thing?

Schoms: [already embarrassed, but now disgruntled] No, please deposit $0.50 and I'll take the other $0.13 in cash.

Teller: [equally a prick] Ok, with cash back, I'm going to need to see a photo I.D.

63 cents... pshhh... Anyone got any good ideas what to do with this?

Categories: Amusement , Gripe