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The Checkout: May 7

This week Zoë Norton Lodge investigates why banks take days to transfer money when it leaves your account immediately.

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This week on The Checkout Zoë Norton Lodge investigates why banks take days to transfer money when it leaves your account immediately.

Also this week:

Ben Jenkins gets back to nature with another instalment of The Consumer Dictionary, this week examining the word ‘natural’. It’s not always good for you.

Hannah Reilly presents her first full report for The Checkout with Unnecessarily Pimp My Ride, about the new car add-ons to exercise extreme caution about. It’s the MTV parody you’ve all been waiting for The Checkout to do.

What’s The Catch with Elite Baby Jogger prams? They’re not suitable for jogging.

In F.U. Tube this week, Julian Morrow looks into the case of a woman who had to pay $1200 extra for checking out of hospital three days early, and tries to get to the bottom of competing beers claiming their origins as “Australia’s first brewer”.

Thursday 7 May at 8pm on ABC.

2 Responses

  1. Yeah, great season so far.

    “…why banks take days to transfer money when it leaves your account immediately.”

    It’ll be down to how fast the camels that carry the cash between the different banks can move and there’s only one trip a day so if you miss it, you have to wait until the next business day. It’s either that or they’re playing with your money on the short-term market.

    They could also ask why when interest rates go up, the banks increase mortgage rates within a week by the same amount altho’ savings account interest rates take longer to improve, yet when rates go down, it can take nearly a month for mortgage rates to go down and often by less than the full amount.

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