Thomas Daigle, 60, paid his last mortgage payment to Milford Federal Savings and Loan Association with 62,000 pennies, reports ABC News.The idea came to Daigle 35 years ago when he and his wife were walking out of the bank after getting their mortgage. That’s when he found a penny in the parking lot.
“I said, I’m going to pay our last mortgage in pennies,” Daigle told ABC.
Daigle was true to his word, filling two metal boxes with pennies for more than three decades.
“Everybody was so happy at the bank I’m surprised they didn’t have a cake or something,” Daigle told NBC.
A spokesman for the bank told ABC, “We were very pleased that he was able to accomplish his goals. It was a proud day for him. We are happy about that.”
However, they probably weren’t as chipper after it took two entire days to unroll the pennies, reports NBC.
This is definitely a bizarre way to make a mortgage payment but compared to some of the other crazy payment stories we’ve heard, it’s chump change.
Alex Kenjeev, a graduate of the law school at the University of Toronto, paid off $114,000 of student loan debt in cash earlier this year.
Unfortunately, his bank wasn’t as amused as Daigle’s. Kenjeev waited three days to receive his withdrawal and then faced stiff oppression from the receiving bank.
“I was pretty naive,” Kenjeev admitted. “I didn’t really realise how much of a hassle I’d cause for everybody. You just look at things and you figure cash is simpler than anything else.”