Is this a bank?

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 10 August 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

You've heard of The Price Is Right, but what about Is This A Bank? It's a game show where contestants puzzle over some obvious and not-so-obvious places where people store their money. This podcast may or may not remind you where your secret stashes of cash are hidden.

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Transcript

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0:00.0	NPR.
0:12.0	This is the Indicated from Planet Money.
0:13.6	I'm Darian Woods.
0:14.8	And I'm Wayland Wong.
0:16.0	So the other day, I was thinking of all the places where I have money squirreled away.
0:21.3	You know, not just my regular bank account, but the small balances I have on Venmo and
0:26.8	PayPal and cash app.
0:28.1	Right.
0:29.1	So the digital equivalent of money in the back of the couch.
0:32.6	Exactly.
0:33.6	You go digging in there.
0:34.6	You're going to come up with some pretty gross stuff, but also maybe a few bucks.
0:37.6	Yeah.
0:38.6	That's the goal.
0:39.6	Maybe enough to buy a couple of ice creams.
0:40.6	That's right.
0:41.6	And you know, if you think about all the apps out there for making payments and investing
0:45.8	and budgeting, there are just a lot of companies vying to be part of our financial lives.
0:51.7	It's kind of like all these companies want to be banks.
0:56.9	Darian, I think you are onto something.
0:59.5	So today, we are going to play a little game we're calling Is This A Bank.
1:05.0	My favorite.
	...

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