Over the years I’ve gotten a few letters from companies for ridiculously small amounts (amounts that were smaller than the cost of even sending a bill). Rather than pay the 38 cents, or whatever they were asking, I’d send some amount that was maybe 50 cents higher than what I owed. Then, I’d wait for them to send me a check for the amount that I’d overpaid, which cost them more money. Of course, I wouldn’t cash the check, which would lead them to following up with a new check for the same amount six months later. This could go on every six months for a while, and certainly cost them more than the original amount they’d been so pettily after me for in the first place. I never kept their ‘refund’ checks or really looked at them closely. I suppose they had verbage on them that caused them to expire in 6 months time, but if not, I regret not holding on to them until I could cash 3 or 4 of them simultaneously, just to see how that would play out.
I regret not holding on to them until could cash 3 or 4 of them simultaneously, just to see how that would play out.
I suspect poorly for you. They should be rejected immediately, but if they go through, they’ll eventually be reversed, and you may be investigated for fraud. Your accounts could be closed, and possibly (though unlikely) you could also be arrested.
Over the years I’ve gotten a few letters from companies for ridiculously small amounts (amounts that were smaller than the cost of even sending a bill). Rather than pay the 38 cents, or whatever they were asking, I’d send some amount that was maybe 50 cents higher than what I owed. Then, I’d wait for them to send me a check for the amount that I’d overpaid, which cost them more money. Of course, I wouldn’t cash the check, which would lead them to following up with a new check for the same amount six months later. This could go on every six months for a while, and certainly cost them more than the original amount they’d been so pettily after me for in the first place. I never kept their ‘refund’ checks or really looked at them closely. I suppose they had verbage on them that caused them to expire in 6 months time, but if not, I regret not holding on to them until I could cash 3 or 4 of them simultaneously, just to see how that would play out.
Banks won’t cash cheques that are stale-dated.
I suspect poorly for you. They should be rejected immediately, but if they go through, they’ll eventually be reversed, and you may be investigated for fraud. Your accounts could be closed, and possibly (though unlikely) you could also be arrested.