My company covers transportation cost. Can I still cycle to work?

I just realized today that cycling to work takes about 20 minutes less than when I take the bus; however, my company covers my monthly transportation allowance. Is it possible for me to cycle to work without informing them? I think I should inform them but they have a knack for making a big fuss about changes. One big factor that I’m considering cycling to work is that I can control my time and leave my house a little bit later.

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