Consumerism commentary had a post today about getting a student loan refund cheque for $1.57 in the post. I can do better than that - for the past SIX MONTHS I've been getting a monthly bill from our Telecom company for $0.06 owing (This wasn't even due to a payment error - the charge was actually $0.06 for a particular service!). It also has a printed message that, due to the small amount, I don't have to pay it this month - but they keep sending a bill each month! As they don't charge any interest on such small amounts (well, maybe they do, but what is 6%pa of 6c each month?), I haven't bothered paying the bill. I could make the payment electronically via B-Pay, so it wouldn't cost me anything more than $0.06, but I haven't got around to it.
As a shareholder of this particular Telecom, I should ring them up and tell them what a stupid idea it is to mail out bills for less than $1 - especially ones that say they don't have to be paid! But I think I'll wait a few more weeks until after the T3 float goes through - at the moment the Telecom is still 51% owned by the Australian government, so I probably wouldn't get anywhere appealing to common sense.
Has anyone got a cheque, or bill, in the mail for less than six cents? (Bills that show a previous payment don't count).